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C$1,198,000

reducedC$

82 Ellesmere St, Richmond Hill, Ontario, L4B 4E3

bedrooms 3 Bedroom
|
washrooms 4 Bathroom
|
garages 2 Garage

MLS - #N12010759

FOR Sale

Description

Location! Yonge/16th, Great end unit freehold townhouse, New windows (front, Dec.2024), Potlights(Dec. 2024) , Rental Hot Water Tank(2022, $35/month, New Garage door with remotes(2022) Furnace(2021), Air Condition(Original and as is condition), parquet Flooring in first and second floor(original) , Laminate Flooring in basement(2018), Beautiful landscaping: front and back yard all around(2015), Two washer & Dryer(one 2017 at 2nd floor and two original washer & Dryer in basement with as is condition), Two detached car garage + one private parking drive space, Fireplace in family room is gas and in as is condition, Freshly painted, two kitchens ,High Ceiling basement apartment with separate entrance and fully renovated, All blinds and curtains are included( in as is condition), all other fixtures are in as is conditions, Richmond Hill Subway is coming in the future, Possession is immediately; Central vacuum with all attachments; Quite Neighbors walking distance to all shopping centres; Close to Yonge Street and all amenities, Restaurants, Shops, Hilcrest mall, Cineplex Movie Theatre, TRT, Viva, and Go station Hub; Very High rated schools(elementary and High schools); Great Rental and Investment property, House is vacant and you can occupy immediately;Great Free hold Townhouse, the same as Semi Detached 2-storey House; **EXTRAS** Two Fridges( one is S/S and new in main kitchen and the other one is original in basement), One Dishwasher, Two washer and dryer, Two stoves and one microwave in basement; Open House: Saturday March 22, 2025(2-4 PM);

Last check for updates

Property type

Att/Row/Twnhouse

Style

2-Storey

Community

Langstaff

Lot size

2,648 Sqft

Garage spaces

2

Home Overview

Basement information

Apartment, Sep Entrance

Virtual tour

Mls® #

N12010759

Building size

Status

Active

Property sub type

Taxes

$5,150

Tax year

2024

Maintenance fee

N/A

Year built

--

Interior

# total bathrooms

4

# Full baths

4

# of above grade bedrooms

3

# of rooms

10

Family room available

Yes

Laundry information

Exterior

Construction materials

Stone

Other structures

# garage spaces

2

# parking spaces

1

Garage features

Detached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Lane

Amenities / Utilities

Cooling

Central Air

Heat source

Gas

Heat type

Forced Air

Sewers

Sewers

Location

Water source

Municipal

Area

York

Community

Langstaff

Community features

, , , , ,

Directions

Yonge Street/ Bantry Ave.

walking  Walk Score for 82 Ellesmere St

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1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

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4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

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9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.
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