446 Taylor Mills Drive S, Richmond Hill
$1,398,000
446 Taylor Mills Drive S, Richmond Hill
Total Monthly Obligation $6,489
No agent assigned
RARE MULTI-UNIT INCOME OPPORTUNITY FOR BOTH INVESTORS & END-USER GEM IN PRIME CROSBY, RICHMOND HIL. EXCEPTIONAL OPPORTUNITY TO COMBINE DEATCHED HOME OWNERSHIP, FLEXIBLE LIVING AND INVESTMENT POTENTIAL IN ONE PROPERTY WITH 4 UNITS. 2 REGISTERED LEGAL SUITES in Basement! The owner has spent over $100,000 on legalization of 2 basement units. Property has 4 units with potential rental income of $7700/monthly, $92,400/yearly. Investors & Multi-Gen Families! A turn-key cash cow in Richmond Hill's elite Crosby neighborhood. Features a wide driveway with parking spaces! THE LAYOUT: 3-bed main floor unit PLUS a self-contained small bachelor in main floor with its own private entrance, private bathroom & independent heat pump climate control, plus 2 self-contained unis in the basement.2 lower suites are COMPLETELY VACANT, brand-new, and legalized & registered with the total peace of mind! Upgraded 200-Amp electrical panel, completely brand-new basement wiring & plumbing, and a fully centralized, interconnected Smoke & CO alarm system spanning all 4 units. Enjoy complete freedom to set your own market-rate tenants from Day 1 with a projected gross income potential of $7,700/month ($92,400/year) or live in the main unit and let the 3 other units pay your mortgage. 2 basement units and a small bachelor in main floor are vacant now. Premium 51 x 100 ft lot, steps to Top-Ranked Schools, Highways, Go Train, Yonge St, Parks, Shopping, and Transit. Turn-key, fully legal, and risk-free for discerning investors or multi-generational families!
Closing Costs
Total Monthly Obligation
Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%
*This analysis is independently generated NOT provided by TREB or CREA.
Comparables
Properties near 446 Taylor Mills Drive S
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