197 Lucas Street, Richmond Hill, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Mill Pond. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,199,000 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
- Generous living space spanning 1100-1500 sqft on a premium 50 x 125 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Carpet Free, Floor Drain, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this well-kept, move-in ready raised bungalow in the highly sought-after Mill Pond community! Featuring 3+1 bedrooms and 2 bathrooms, this home offers a bright and functional layout with large windows, hardwood floors, crown moulding, pot lights, and a cozy living room with a gas fireplace. The spacious eat-in kitchen includes stainless steel appliances and overlooks the sunroom and large backyard, perfect for year-round enjoyment. The finished basement features a separate self-contained apartment with its own entrance, ideal for extended family or potential rental income. Mature landscaping on a premium 50 x 125 ft. pool-sized lot. Situated in a family-friendly neighbourhood close to parks, high-ranked schools, public transit, steps to Yonge Street and all amenities. New roof in 2024.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Hospital, Library, Park, Public Transit, School
Interior Features
Carpet Free, Floor Drain, Primary Bedroom - Main Floor, Water Heater, Water Meter
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 197 Lucas Street, Richmond Hill, ON L4C 4P8
Based on 0 recent similar sales in the pocket.
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 $1,199,000 in Richmond Hill, the legal minimum down payment is $239,800 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 $20,455 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 $20,455.
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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.