1650 Elgin Mills Road, Richmond Hill, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Rural Richmond Hill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $580,000 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.
- 0 Bedrooms and 1 Bathroom
- Thoughtfully designed floor plan offering excellent spatial utility and privacy
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Great Opportunity In A Well-Established Medical/Professional Office Building In Richmond HillNear Hwy 404. Significant Renovation $$$ Spent, Including One Powder Room. Functional Layout Suitable For A Variety Of Medical, Professional, Or Office Uses. Existing Cabinet/Counter Area Offers A Practical Kitchenette/Staff Prep Setup, Subject To Buyer's Own Due Diligence. Close To Costco, Home Depot, Staples, Restaurants, Major Banks, And Other Amenities. Ample Surface Parking For Owners, Clients, And Visitors. One Underground Parking Space Included. Excellent Opportunity For Investors Or End Users.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1650 Elgin Mills Road E 207, Richmond Hill, ON L4S 0B2
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $580,000 in Richmond Hill, the legal minimum down payment is $33,000 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 $8,075 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 $8,075.
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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.