Detached in South Richvale, Richmond Hill, brought to you by Loree Meneguzzi

Discover this stunning 4-bedroom bungalow nestled on a premium lot measuring 151.79 x 200 feet, located on one of the most sought-after streets in the prestigious South Richvale area. This property presents an exceptional opportunity to create your dream mansion, with ample space for a luxurious residence. It is a rare opportunity to find a beautiful lot of over half an acre in the middle of the city. Existing Home Featuring a beautifully designed maple kitchen with a tumble marble back-splash, this home also boasts a Fully finished Walkout basement that includes a recreation room, and additional bedroom, and a spacious storage room. The garage has been thoughtfully converted into a bedroom complete with a walk-in closet, providing versatile living options. Currently, tenants are paying approximately $6,000 per month, generating an annual income of $72,000. This rental income can significantly offset your carrying costs and property taxes while you work on architectural plans and obtain building permits. The property's grading is particularly attractive, allowing for the potential of an underground garage that can accommodate up to 6 or more vehicles, utilizing the natural slope of the land. This feature offers an economical construction cost, while the walkout basement with full-height windows creates a bright and inviting space, making the basement feel like an extension of the main living areas. This is a rare opportunity to find a beautiful lot with such incredible potential.

Listed by BARSAM PROFESSIONALS REAL ESTATE BROKERAGE LTD..

Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Brampton Real Estate Board, Durham Region Association of REALTORS®, Mississauga Real Estate Board, The Oakville, Milton and District Real Estate Board and the Toronto Real Estate Board which assumes no responsibility for its accuracy.