211 Carrville Road

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$8,800,000

211 Carrville Road

South Richvale, Richmond Hill · MLS® N13652404

658

House · Single Family · 78 days on market

listed by AFSHIN ABDI, FOREST HILL REAL ESTATE INC.

realtor's description

Exceptional development opportunity in Richmond Hill. 211 Carrville Road offers approximately 65feet of frontage on Carrville Road and is subject to an advanced development application.Significant planning, traffic, engineering and supporting technical work has already beencompleted in connection with the approval process. The sale will be conditional upon the Sellerobtaining site plan approval. The existing detached dwelling provides additional underlyingasset and holding value while approvals are finalized. An exceptional opportunity fordevelopers, builders and investors in one of Richmond Hill's active redevelopment corridors.

property details

type: House, Single Family
bedrooms: 6
bathrooms: 5
parking: 8
property tax: $10,539 / yr
days on market: 78
MLS®: N13652404

monthly cost

$39,219/mo

Mortgage $38,341 · Tax $878

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$38,341/ monthly

loan $7,040,000

25-year amortization

down payment20% · $1,760,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $4,462,227
cash to close: $1,760,000; down payment; transfer tax and fees not included
total paid: $11,502,227

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.