Detached House for sale in Richmond Hill (Crosby), Ontario. Listed at $1,299,000.
4 + 2 bedrooms · 4 bathrooms
MLS® N14169222
ATTENTION INVESTORS & END-USERS: OVER $120,000 INVESTED IN LEGALIZATION & TOTAL RENOVATION OF TWO BASEMENT APARTMENTS! Presenting a turnkey detached bungalow in Richmond Hill re-engineered into 4 self-contained living spaces generating up to $7,600 in monthly revenue. Rare investment and multi-family opportunity in prime Richmond Hill! Beautifully updated detached bungalow featuring FOUR self-contained units designed for high-yield cash flow or luxury multi-generational living with potential gross income of ~$7,600/month ($91,200/year)!LOWER LEVEL UNITS: Over $120,000 invested to fully renovate and officially legalize two stunning 1-bedroom basement apartments (projected rent $1,600/month each). Both suites are fully code-compliant with municipal building permits and sign-offs, featuring separate entrances, proper fire separation assemblies, and updated mechanicals.MAIN FLOOR UNIT: Spacious 3-bedroom, 1-bathroom residence with modern finishes. Currently tenanted at $2,900/month (AAA tenant on a monthly agreement-willing to stay for turnkey income or vacate for end-user buyer).MAIN FLOOR BACHELOR: Private, self-contained studio with separate entrance and private bathroom (projected rent $1,500/month).Located minutes to top-rated schools, parks, GO Transit, and major retail corridors. Move into the main unit and let the lower suites pay your mortgage, or lease all 4 units for exceptional cap rates. Full municipal permit documentation available! Full municipal legalisation, building permits, and inspection sign-offs available upon request. Please attach Schedule B to all offers. 24-hr notice required for main floor showings. Flexible closing available. (id:27495)
Listing courtesy of CENTRAL HOME REALTY INC. · SYRUS FARZAMI
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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