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Hamza Nouman, REALTOR®
8 Gallacher Avenue — property photo
1 / 86 — Click to enlarge
2.7

8 Gallacher Avenue, Richmond Hill

Richmond Hill

$1,648,000

Detached6 bed / 3 bath71 DOM~2,250 sqft
Motivated SellerSuite Potential

Cash flow, cap rate & mortgage breakdown

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Listed by RE/MAX REALTRON REALTY INC.

Investment Analysis

Key Facts

Type

Detached

Bedrooms

6

Bathrooms

3

Days on Market

71

Price Drop

None

Year Built

N/A

Status

Active

Basement Income

Suite Potential (+$1,445/mo)

Rent Estimate

Main unit (4 bed)$4,600/mo
Basement suite (2 bed)$1,445/mo
Total Est. Rent$6,045/mo

Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga

Remarks

Nestled in the prestigious Oak Ridges community on a premium 75 x 200 ft regular lot surrounded by multi-million-dollar custom estates, this exceptional property offers endless opportunities for investors, builders, and end-users alike. Move in, generate rental income, or build your dream custom luxury mansion in one of Richmond Hill's most sought-after neighbourhoods. The spacious home features multiple living areas including a family room, combined living/dining room, and a large great room addition with soaring cathedral ceilings. Several principal rooms have been converted into additional bedrooms, maximizing income potential and flexibility for large or multi-generational families. The eat-in kitchen includes upgraded stainless steel appliances, breakfast bar, pantry cupboards, and a main floor laundry room with separate side entrance. The finished basement with 3-piece washroom provides additional living space and versatility. Outside, enjoy a beautifully landscaped park-like backyard, terrace, and an extended driveway with parking for up to 7 vehicles. Ideally located minutes to Yonge Street, top-rated schools, parks, shopping, Lake Wilcox, Oak Ridges Community Centre, and transit. A rare opportunity to own a premium lot with outstanding future redevelopment and income potential. 1 year Canadian Home Shield SafeCloseTM Home Systems & Appliance Warranty Coverage.

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