163 Elgin Mills Road, Richmond Hill, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Mill Pond. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,388,888 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 52.8 x 225.1 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Amazing Value for Investors and Developers. The Time to Buy Land is Now. Premium Quarter Acre Lot in Prime Richmond Hill. 52.8 x 225.1 FT, Possibilities are endless. Discover the Charm of this Original Home. Move in, Rebuild, Reface or Generate potential income with 2-unit setup. Buyer and Buyer's Agent to verify all measurements and retrofit compliance. Close to Top Ranked Schools, Parks, Trails, Hospital, Library, and Downtown Richmond Hill. **Photos Contain A.I Staging Effect**
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 163 Elgin Mills Road W, Richmond Hill, ON L4C 4M3
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,388,888 in Richmond Hill, the legal minimum down payment is $277,778 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $24,253 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $24,253.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.