186 King Road, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Oak Ridges. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,399,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 56 x 146.11 ft lot size
- 10.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Don't miss this exceptional opportunity! This property, featuring GC1 zoning for both commercial and residential use, is in a prime location. Rental Income from second floor 2 apartments with 2 bedrooms each with 1000 sqft upstairs. The building is in excellent shape, making it a fantastic investment. Steps from Yonge St and King Rd, it is surrounded by golf clubs, parks, and lakes, and is within walking distance to Yonge St, transit, and all amenities. The property also offers easy access to Hwy 404 and Yonge St, enhancing its convenience and appeal. As an added bonus, the adjacent property at 192 King Rd & 3 Hughes is for sale, providing a unique chance to combine both properties for future development, Mid Rise, day care etc.( buyer should verify with the city) Act now to secure this prime piece of real estate! The current zoning designation allows for a variety of commercial uses, such as professional and medical offices, veterinary clinics, day nurseries, personal service shops, and health centers. This property also offers potential for development.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Other
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 186 King Road, Richmond Hill, ON L4E 2W1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.
Configure Loan Settings
About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,399,000 in Richmond Hill, the legal minimum down payment is $279,800 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 $24,455 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 $24,455.
Nearby Listings
No current listings found in Richmond Hill.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Oak Ridges, Richmond Hill.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.