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86/88/90 Carmela Avenue, Richmond Hill, ON L4E 2V6

Vacant Land
$1,980,000
Property tax
$11,128 / year

ATTN BUILDERS AND INVESTORS** These fully-serviced residential 3 lots in the prestigious Oak Ridges community are perfect for builders and homeowners alike, with approved plans for a 3,700 SF detached house on every Lot. The lots have paid servicing and pre-approved architectural plans, including a separate basement entrance. Just apply for your building permit to get started! This premier location offers luxury living with convenient access to top-rated schools, parks, shopping, dining, and major transit routes. The serene neighbourhood, surrounded by mature trees and upscale residences, is ideal for your vision

MLS number
N12923922
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L4E 2V6
Photos
3
170days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Académie de la Moraine
CS Viamonde
Elementary679 m9.4 / 10
94% met the standard
Eureka MontessoriElementary933 mNot reported
Our Lady of Hope Catholic Elementary School
York CDSB
Elementary1.3 km8.4 / 10
84% met the standard
Kettle Lakes Public School
York Region DSB
Elementary1.4 km8.3 / 10
83% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 766 people.

$112,000Median household income
73.1%Own their home
86%Detached houses
44Median age
46.6%Born outside Canada
27%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190779 — the few blocks around this address, home to 766 people. It describes the area, not this property.

766Population
41.6Average age
3.1Household size
$130,000Average household income
$112,000Median household income
73%Own their home
27%Rent
0%Condominiums
47%Born outside Canada
27%University degree
$1,960,000Average home value
10%Low income
73%Not in the labour force
28%Never married
Under $5,0001%
$25,000 to $29,9993%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over36%
$100,000 to $124,9995%
$125,000 to $149,9996%
$150,000 to $199,9999%
$200,000 and over15%

Percentages are of the 390 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$396,000 · minimum here is $396,000
$8,767.01per month
Borrowed before insurance$1,584,000
Total borrowed$1,584,000
Interest over 25 years at 4.5%$1,046,103

If you rented it out

-$9,694.34per month out of pocket
Rent$0.00
Everything it costs to hold$9,694.34
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by HOMELIFE GOLCONDA REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.