231 Carrville Road

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$8,800,000

231 Carrville Road

South Richvale, Richmond Hill · MLS® N13652424

427

House · Single Family · 78 days on market

listed by AFSHIN ABDI, FOREST HILL REAL ESTATE INC.

realtor's description

Rare development opportunity in Richmond Hill. 231 Carrville Road offers approximately 45 feetof frontage on Carrville Road and is subject to an advanced development application. Significantplanning, traffic, engineering and supporting technical work has already been completed inconnection with the approval process. The sale will be conditional upon the Seller obtainingsite plan approval. The existing detached dwelling provides valuable underlying asset andholding value while approvals are finalized. An exceptional opportunity for developers, buildersand investors in one of Richmond Hill's desirable redevelopment corridors. Please note: One ofthe Listing Salespersons has an ownership interest in the property.

property details

type: House, Single Family
bedrooms: 4
bathrooms: 2
parking: 7
property tax: $9,006 / yr
days on market: 78
MLS®: N13652424

monthly cost

$39,091/mo

Mortgage $38,341 · Tax $751

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 25, 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.