69 Roosevelt Dr

LocationSouth Richvale, Richmond Hill, L4C 6V2
$4.18M For Sale
Property Images
Property Images
Property Images
Property Images
Property Images
Property Images

Description

Discover this stunning 4-bedroom bungalow nestled on a premium lot measuring 151.79 x 200 feet, located on one of the most sought-after streets in the prestigious South Richvale area. This property presents an exceptional opportunity to create your dream mansion, with ample space for a luxurious residence. It is a rare opportunity to find a beautiful lot of over half an acre in the middle of the city. Existing Home Featuring a beautifully designed maple kitchen with a tumble marble back-splash, this home also boasts a Fully finished Walkout basement that includes a recreation room, and additional bedroom, and a spacious storage room. The garage has been thoughtfully converted into a bedroom complete with a walk-in closet, providing versatile living options. Currently, tenants are paying approximately $6,000 per month, generating an annual income of $72,000. This rental income can significantly offset your carrying costs and property taxes while you work on architectural plans and obtain building permits. The property's grading is particularly attractive, allowing for the potential of an underground garage that can accommodate up to 6 or more vehicles, utilizing the natural slope of the land. This feature offers an economical construction cost, while the walkout basement with full-height windows creates a bright and inviting space, making the basement feel like an extension of the main living areas. This is a rare opportunity to find a beautiful lot with such incredible potential.

Features

  • House Facing
    Facing: South
  • Bedrooms
    Bedrooms: 4
  • Bathrooms
    Bathrooms: 3
  • Garages
    Garages:
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 151.79 x 200.00 Feet
  • Lot Depth
    Space: 1500-2000
  • Tax Amount
    Tax: $ 12930.00
  • MLS
    N12837654
  • Listing contracted with: HOMELIFE/BAYVIEW REALTY INC.
Room Size(M) Description
Living Rm9.87x4.20

Combined w/Dining, Fireplace, L-Shaped Rm

Dining Rm9.87x4.20

Open Concept, Laminate, Combined w/Living

Kitchen3.80x3.70

Ceramic Floor, Custom Backsplash, Open Concept

Breakfast5.50x3.70

Walk-Out, Ceramic Floor, Open Concept

Primary B4.20x3.65

Laminate, 2 Pc Ensuite, Closet Organizers

2nd Br5.20x5.15

Wood, Walk-Out, Walk-In Closet(s)

3rd Br3.85x3.20

Wood, Closet

4th Br3.65x2.80

Wood, Closet, B/I Shelves

Recreatio4.30x4.00

Laminate, Fireplace, Walk-Out

Br4.00x3.97

Laminate, Walk-In Closet(s)



Bathroom Pieces Level
1xBath4 pcs

Main

1xBath2 pcs

Main

1xBath3 pcs

Basement



Property Summary

Located close to the intersection of Yonge North Of Hwy 7, 69 Roosevelt Dr is a 4+1 bedrooms 3 washrooms Detached. The property basement is Partially Fi Walk-Out. The property has many nice features including Water Heater and Water Meter. Living Room Rm, Dinning Room Rm, Kitchen, Breakfast Room, Primary B, second bedroom and third bedroom are on the Main floor.


School Information



Commute Information

GTA Go Train Langstaff Go Train Station (1.5km)

Location





Community Overview

69 Roosevelt Dr is at the Heart of South Richvale Community. The community of South Richvale runs from Yonge St on the East to Highway 7 in the south, Bathurst St on the west, and Carrville Rd in the north. The community was one of Toronto's first commuter suburbs. The development coincided with the opening of the Richvale School in 1923. The significant real estate development started in the 1950s, and many residential houses were built around the 1970s. About 30% of properties in this neighbourhood were constructed between 1980 and 1990, while many of the remaining buildings were constructed in the 1960s and the 1990s. In past 3 months, 9 Detached homes were sold at average of $2.17M. It has a higher than average population of recent immigrants from Iran, Italy and China. Public transit is also convenient. The Upper East Don River winds from north to south through the community. One can find many world-renowned retailers such as Best Buy, Walmart, Loblaws, Canadian Tires, Home Depot and many more. South Richvale is now one of the most desirable Richmond Hill communities for Chinese families. Many marketers promote the community as South Rich Valley, highlighting it as a wealthy neighbourhood and its name, after translating to Chinese Cantonese, as a famous Hong Kong landmark, 'Lan Kwai Fong'.


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