$2,239,800Asking Price
97 May Avenue, Richmond Hill, ON L4C 3S7
North Richvale, Richmond Hill
Extraordinary Investment Opportunity! Income Property On an oversized Lot, Discover an exceptional investment opportunity with this income property situated on a generous, oversized lot. This property offers the potential to rent out three separate units, each with their own private entrances. Unit 1: This unit features three bedrooms, a spacious living room, dining room, two modern three-piece bathrooms, and a chef's kitchen. Unit 2: Located on the mid-level, this cozy unit includes two bedrooms, a charming family room with a fireplace, three Pc bathrooms, and a well-appointed kitchen. Unit 3: In the basement, this unit offers Bedroom, 3 pc Bathroom, and a recreational space. With shared laundry facilities and separate entrance doors, convenience and privacy are prioritized. The potential income from this property is estimated between $6000 to $8,000 Additionally, the expansive lot presents an opportunity for future development, allowing you to build your dream home.
Extraordinary Investment Opportunity! Income Property On an oversized Lot, Discover an exceptional investment opportunity with this income property situated on a generous, oversized lot. This property offers the potential to rent out three separate units, each with their own private entrances. Unit 1: This unit features three bedrooms, a spacious living room, dining room, two modern three-piece bathrooms, and a chef's kitchen. Unit 2: Located on the mid-level, this cozy unit includes two bedrooms, a charming family room with a fireplace, three Pc bathrooms, and a well-appointed kitchen. Unit 3: In the basement, this unit offers Bedroom, 3 pc Bathroom, and a recreational space. With shared laundry facilities and separate entrance doors, convenience and privacy are prioritized. The potential income from this property is estimated between $6000 to $8,000 Additionally, the expansive lot presents an opportunity for future development, allowing you to build your dream home.
See MoreKey Info
- Backsplit Detached
- 6-Car Driveway
- 2-Car Built-In Garage
- YONGE , WELDRICK
- 2500-3000 Approximate Sq Feet
- Basement Apartment
- 3 + 2 Kitchens
- Radiant Electric Heating
- Central Air
Property
- Lot Size 75.62 x 148.88 Feet
- Brick Exterior
- Taxes were $11,000 in 2025
Details
- Fireplace
- Family Room
- Sewers
- No Water Source
- MLS #N12606692
- MAHZAD HOMES & ESTATES
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Flat | 45.93' x 59.06' | Tile Floor, Built-in Appliances, Window |
| 2 | Kitchen | Lower | 39.37' x 39.37' | Walkout, Tile Floor, Built-in Stove |
 | 1 3-Piece Bathroom in Flat | |||
| 1 3-Piece Bathroom on Ground Floor | |||
| 1 3-Piece Bathroom on Lower | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
North Richvale, Richmond Hill is a north GTA neighbourhood notable for its singles, salespeople and tradespeople. It has a higher than average population of recent immigrants from Iran and those from Iran, and Italian, Persian and Russian speakers. Residents tend to be older with a significant number of adults aged 55 to 64 and seniors aged 65 to 74.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
41%
of residents are
single and loving it.
41% singles
Richmond Hill (39%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
15%
of residents
are renters.
15% renters
Richmond Hill (19%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
49%
of residents are
university grads.
49% university grads
Richmond Hill (54%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$128K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 13% |
| Business | 11% |
| Sciences | 8% |
| Management | 8% |
| Trades | 7% |
Immigrants
58%
of residents were
born outside of Canada.
58% immigrants
Richmond Hill (59%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
15.0% from Iran
All-time
Birthplace - Recent
6.4% from Iran
Recent
Foreign Languages
Foreign Languages
| Persian | 15% |
| Russian | 9% |
| Italian | 5% |
| Mandarin | 4% |
| Cantonese | 4% |
Religions
Religions
| Christian | 59% |
| Muslim | 9% |
| Jewish | 9% |
| Buddhist | 2% |
| Hindu | 1% |
