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Listed 12 days ago

128 Carmela Avenue

Oak Ridges, Richmond Hill

$1,500,000

Detached|Bungalow-Raised
3 | 3 | 4
About this home

Space, location and incredible potential come together in this beautifully maintained Oak Ridges home. Set on a generous lot on a quiet, desirable street surrounded by custom-built homes, this updated raised bungalow is much larger than it appears, offering exceptional living space plus exciting lower-level potential for multi-generational living or future income.The bright Great Room features high 12-foot ceilings, hardwood floors, gas fireplace, large windows and a walkout to the rear deck overlooking the landscaped private backyard. The updated kitchen features quartz countertops, stainless steel appliances, centre island with breakfast bar and peninsula servery adjoining the spacious dining area.The Primary Bedroom offers hardwood floors, a large walk-in closet and 4-piece ensuite with soaker tub, glass shower, granite countertops and heated floors. The second bedroom features semi-ensuite access, while the third bedroom with French doors can alternatively be used as a home office or den. Main-floor laundry provides direct garage access.The expansive lower level offers endless possibilities, with above-grade windows, an additional bedroom, full bathroom, finished recreation room and significant unfinished space. Create one or even two self-contained income-generating suites, an in-law suite or multigenerational living, or an incredible family living space. Enjoy a private landscaped backyard, double-car garage and four-car driveway. Close to Bond Lake, Lake Wilcox, parks and trails, shopping, dining, schools and transit.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,943
Lot Size68.53 ft x 134.59 ft
mls© NumberN13813178
Listed ByCOLDWELL BANKER THE REAL ESTATE CENTRE

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,678
Property tax
$662
Heat allowance
$150
Housing costs
$8,490 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $300,000
25-yr amortization

Income needed

$261,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$300,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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