446 Taylor Mills Dr S, Richmond Hill - Detached Home

446 Taylor Mills Dr S

LocationCrosby, Richmond Hill, L4C 2T4
$1.299M For Sale
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Description

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.

Features

  • House Facing
    Facing: South
  • Bedrooms
    Bedrooms: 4
  • Bathrooms
    Bathrooms: 4
  • Garages
    Garages:
  • Kitchens
    Kitchens: 2

Details

  • Front Lot
    Lot size: 51.00 x 99.00 Feet
  • Lot Depth
    Space: 1100-1500
  • Tax Amount
    Tax: $ 5674.35
  • MLS
    N14169222
  • Listing contracted with: CENTRAL HOME REALTY INC.
Room Size(M) Description
Dining Rm6.31x5.20

Combined w/Family, Hardwood Floor, Large Window

Family Rm6.31x5.20

Combined w/Dining, Hardwood Floor, Large Window

Kitchen4.08x2.68

Hardwood Floor, B/I Dishwasher

Primary B4.11x2.90

Hardwood Floor, Closet, Large Window

2nd Br2.93x3.23

Closet, Hardwood Floor, Large Window

3rd Br3.02x2.77

Closet, Hardwood Floor, Window

Br5.82x3.02

Ensuite Bath, Combined w/Living, Large Window

Living Rm5.82x3.02

Ensuite Bath, Combined w/Dining, Large Window

Kitchen5.82x3.02

Large Window, Combined w/Living, Hardwood Floor

Br4.32x3.06

Ensuite Bath, Large Window, Laminate

Living Rm4.44x3.47

Combined w/Dining, Eat-in Kitchen, Laminate

Kitchen4.44x3.48

Combined w/Living, Combined w/Laundry, Laminate



Bathroom Pieces Level
1xBath3 pcs

Ground

1xBath3 pcs

Ground

1xBath3 pcs

Basement

1xBath3 pcs

Basement



Property Summary

Located close to the intersection of Bayview And Crosby, 446 Taylor Mills Dr S is a 4+2 bedrooms 4 washrooms Detached. The property basement is Apartment . The property has many nice features including None. Dinning Room Rm, Family Room Rm, Kitchen, Primary B, second bedroom, third bedroom, Bedroom, Living Room Rm and Kitchen are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 11.1% compared with the same period last year.

Rent levels have remained relatively stable compared with the same period last year.

Recent Comparable Value Range
$820,000 – $1,120,000
Recent 6-Month Rent Range
$2,550 – $3,000/month

How This Home Compares

Market Temperature
Seller's Market
Strong SellerSellerBalancedBuyerStrong Buyer
Inventory conditions currently favour sellers of similar homes.
Typical Selling Time
21 Days
Similar homes are selling in about 21 days, faster than the same period last year.
Price Position
33.9% Higher
The asking price is above the estimated value of comparable homes.

Local Area Profile

This property is located in an area with a significant rental housing presence with a mix of detached homes and apartments and condominiums. Approximately 53% of residents hold a bachelor's degree or higher, while about 21% have a college credential. Most local commuters travel by car, while a smaller share use public transit.





School Information



Commute Information

GTA Go Train Richmond Hill Go Train Station (1.5km) - Free Parking available, parking lots: 2004

Location





Community Overview

446 Taylor Mills Dr S is at the Heart of Crosby Community. Crosby community runs from Yonge St on the West to Major Mackenzie in the south, Bayview on the East, and Elgin Mills on the north. The community has a rich history and is one of Richmond Hill's oldest neighbourhoods. The home in the oldest neighbourhood date back to the 1800s. The majority of houses have two or three bedrooms. In past 3 months, 16 Detached homes were sold at average of $1.04M. English is the native language for around 54% of residents. In 446 Taylor Mills Dr S neighbourhood, you will find many residents are Chinese, Iranian, Canadian, English, and Persian. Richmond Hill Go Station is sitting at the south end of the community. There are amazing parks and recreational facilities in the Crosby community. Along Yonge Street, one can easily find mixed of Shops, banks, supermarkets and restaurants. The Crosby is a mature community between Yonge Street and Bayview Avenue. It comprises a variety of homes where the oldest can date back to the two centuries ago. Though many houses are aged, investors and first-time home buyers can find the right type of houses with more oversized lots and huge backyards.


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