$1,099,000

For sale

223 Richmond Street, Richmond Hill (Mill Pond) - Single Family for Sale

223 Richmond Street, Richmond Hill (Mill Pond), Ontario, L4C3Y9

3 beds2 baths7 parking900 ft²58 × 167 ft (9,686 sq ft) lot sizeListed 20 days ago

Overview

This 3-bedroom, 2-bathroom home in Richmond Hill is for sale offering roughly 900 sq ft of space. Listed at $1,099,000, it is attractively priced about 39% below the $1,798,900 median asking price in Richmond Hill. It has been on the market 20 days, fresher than the Richmond Hill average of 58 days.

Houses for Sale in Richmond Hill →All real estate in Richmond Hill →

Description

Welcome to 223 Richmond Street, a rare opportunity in the heart of Richmond Hill's highly sought-after Mill Pond neighbourhood. Situated on an impressive 58 x 167 ft oversized lot, this 1.5 storey home (3-bed 1.5-bath) offers incredible potential in one of the area's most desirable communities. This charming property provides a great opportunity for those looking to move into this prestigious neighbourhood, personalize over time, and create a space that reflects their own vision. For investors, the functional layout and separate side entrance offer potential for additional living space or future basement conversion opportunities. For builders, renovators, or those dreaming of a custom home, this premium lot provides the perfect setting to bring that vision to life. Located steps from the scenic Mill Pond, surrounded by mature trees, parks, top-rated schools, Mackenzie Health hospital, transit, and the local conveniences of downtown Richmond Hill, this is an exceptional chance to own a piece of one of the community's most established and desirable neighbourhoods. Whether you're looking to renovate, invest, or build new, the possibilities are endless! (id:66096)

Property Details

MLS®: N14087510
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 7
Interior Size: 900 ft²
Lot Size: 58 × 167 ft (9,686 sq ft)
Frontage: 58 ft
Storeys: 1
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Window air conditioner
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $6,407.67/yr

Rooms

Main level

Living room: 4.28 x 3.38 meters
Dining room: 3.33 x 2.38 meters
Bedroom 2: 3.32 x 2.53 meters
Bedroom 3: 2.31 x 2.73 meters
Kitchen: 3.55 x 3.84 meters

Upper Level

Bedroom: 3.47 x 4.78 meters
Office: 3.48 x 5.35 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Window Coverings
Foundation: Block
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Richmond Hill (Mill Pond) listings, avg age

58d

Price / ft²

$1,221

List price

$1.10M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Richmond Hill (Mill Pond) has been listed for 20 days, which is 38 days fresher than the city average of 58. Act while there is still low competition.

Set a price alert Book a showing

Listed by REMAX YOUR COMMUNITY REALTY · RON SMIT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $1,099,000, about 12.8× the local median household income of $86,000.

Carrying it typically needs a household income of about $214,673 (20% down, 25-yr amortization, stress-tested) — roughly 150% above the area median.

Median household income: $86,000
Population: 74,636
Median age: 46
Owner / renter: 70% / 30%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L4C)

$1,099,000· $1,221/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment7.73% · $84,900.00

Min 7.73%50%

Mortgage payment$5,622/mo

↳ CMHC premium ($40,564 capitalized)

Property tax (est.)$534/mo

Total monthly$6,156

Cash Needed to Close

Down payment (7.73%)$84,900

Land transfer tax$18,455

Est. closing costs$5,797

Total cash needed$109,152

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator