Just listed! New listings in Richmond Hill often receive offers within the first week.
ATTENTION INVESTORS & END-USERS: OVER $120,000 INVESTED IN LEGALIZATION & TOTAL RENOVATION OF TWO BASEMENT APARTMENTS! Presenting a turnkey detached bungalow in Richmond Hill re-engineered into 4 self-contained living spaces generating up to $7,600 in monthly revenue. Rare investment and multi-family opportunity in prime Richmond Hill! Beautifully updated detached bungalow featuring FOUR self-contained units designed for high-yield cash flow or luxury multi-generational living with potential gross income of ~$7,600/month ($91,200/year)!LOWER LEVEL UNITS: Over $120,000 invested to fully renovate and officially legalize two stunning 1-bedroom basement apartments (projected rent $1,600/month each). Both suites are fully code-compliant with municipal building permits and sign-offs, featuring separate entrances, proper fire separation assemblies, and updated mechanicals.MAIN FLOOR UNIT: Spacious 3-bedroom, 1-bathroom residence with modern finishes. Currently tenanted at $2,900/month (AAA tenant on a monthly agreement-willing to stay for turnkey income or vacate for end-user buyer).MAIN FLOOR BACHELOR: Private, self-contained studio with separate entrance and private bathroom (projected rent $1,500/month).Located minutes to top-rated schools, parks, GO Transit, and major retail corridors. Move into the main unit and let the lower suites pay your mortgage, or lease all 4 units for exceptional cap rates. Full municipal permit documentation available! Full municipal legalisation, building permits, and inspection sign-offs available upon request. Please attach Schedule B to all offers. 24-hr notice required for main floor showings. Flexible closing available.
| Dining Room | 6.31 × 5.20 m | Combined w/Family Hardwood Floor Large Window |
| Family Room | 6.31 × 5.20 m | Combined w/Dining Hardwood Floor Large Window |
| Kitchen | 4.08 × 2.68 m | Hardwood Floor B/I Dishwasher |
| Primary Bedroom | 4.11 × 2.90 m | Hardwood Floor Closet Large Window |
| Bedroom 2 | 2.93 × 3.23 m | Closet Hardwood Floor Large Window |
| Bedroom 3 | 3.02 × 2.77 m | Closet Hardwood Floor Window |
| Bedroom | 5.82 × 3.02 m | Ensuite Bath Combined w/Living Large Window |
| Living Room | 5.82 × 3.02 m | Ensuite Bath Combined w/Dining Large Window |
| Kitchen | 5.82 × 3.02 m | Large Window Combined w/Living Hardwood Floor |
| Bedroom | 4.32 × 3.06 m | Ensuite Bath Large Window Laminate |
| Living Room | 4.44 × 3.47 m | Combined w/Dining Eat-in Kitchen Laminate |
| Kitchen | 4.44 × 3.48 m | Combined w/Living Combined w/Laundry Laminate |
| Bedroom | 4.51 × 2.71 m | Above Grade Window Closet Laminate |
| Living Room | 4.51 × 2.61 m | Large Window Laminate |
| Kitchen | 3.50 × 2.97 m | Combined w/Laundry Ceramic Floor |
*Estimates based on comparable rentals in the area. Actual income may vary.
Based on active listings in Richmond Hill. Data updates daily.
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MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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