2 Hughes Street, Richmond Hill, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Oak Ridges. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,199,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 73.5 x 100 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 11.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Exceptional investment and development opportunity in the highly desirable Oak Ridges community! Situated on a premium 73.50 x 100 ft lot, this property offers tremendous potential and is strategically positioned within an area experiencing significant growth and redevelopment. An ideal opportunity for investors, builders, or end-users looking to capitalize on future development in a prime location. The home features a separate entrance to a recently renovated basement, offering excellent income potential, along with two full laundry setups for added convenience. Well-maintained and functional, it provides both immediate usability and long-term upside. Located just minutes to Yonge Street and Highway 404, with easy access to shopping, top-rated schools, public transit, and all essential amenities. EXTRAS: 2 Fridges, 2 Stoves, 2 Washers, 2 Dryers, Dishwasher, Microwave.
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Pricing & Value Insights
Data-driven valuation for 2 Hughes Street, Richmond Hill, ON L4E 2V9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,199,000 in Richmond Hill, the legal minimum down payment is $239,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,455 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
