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63 ROOSEVELT DRIVE, Richmond Hill (South Richvale) — listed at $1,688,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
# South Richvale Opportunity - Live & Invest - Welcome to this bright and updated raised bungalow in the prestigious South Richvale community, located on highly sought-after Roosevelt Drive and surrounded by stunning multi-million-dollar custom homes. Situated on a deep, private lot backing onto mature greenery and good size L shape deck with access from Kitchen and Living room. This property offers an exceptional opportunity to live or invest.This well-maintained 3-bedroom raised bungalow features a practical, stair-friendly layout ideal for families or down-sizers seeking convenient one-level living. The spacious kitchen, generous principal rooms, abundant natural light, and fresh paint create a warm and inviting atmosphere. The primary bedroom includes a walk-in closet and a private ensuite for added comfort.The finished basement offers excellent income potential, allowing you to live on the updated main floor while generating rental income from the lower level.One of the property's most unique advantages is its elevated position on the uphill section of Roosevelt Drive. Beyond this property, many lots shown on the City's planning maps feature approximately 100-foot frontages, further enhancing the long-term appeal of the area. The mature, private backyard provides a peaceful setting, while the prestigious neighbourhood continues to attract luxury custom home development. Conveniently located close to top-ranking schools, parks, shopping, Golf Course, public transit, and major highways, this is an outstanding opportunity for end-users and investors.**Live now, rent for additional income, in one of Richmond Hill's most desirable luxury neighbourhoods.** Lots of upgrade including Furnace 2024, AC 2019, TWO sump pumps 2026. (id:60164)
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What makes this a luxury property?+
At $1,688,000, standout features include 3 bathrooms, 1 fireplace. In this price range, expect higher-end finishes — verify during a showing.
How many fireplaces are there, and what type?+
This home has 1 fireplace. Confirm the fuel type (wood, gas, or electric) and have it inspected — especially wood-burning, which needs a WETT certification for insurance.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Richmond Hill (South Richvale) before counting on it.
Is 63 ROOSEVELT DRIVE a good fit for a growing family?+
With 4 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office.
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