$2,109,000

$2,189,000For salePrice drop↓ $80,000 (4%)

42 Oak Avenue, Richmond Hill (South Richvale) - Single Family for Sale

42 Oak Avenue, Richmond Hill (South Richvale), Ontario, L4C6R7

3 beds2 baths6 parking2,250 ft²45 × 242 ft (10,868 sq ft) lot sizeListed 80 days ago

Overview

This 3-bedroom, 2-bathroom home in Richmond Hill is for sale offering roughly 2,250 sq ft of space. Listed at $2,109,000, it is attractively priced about 29% below the $2,980,000 median asking price in Richmond Hill.

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Description

Welcome to 42 Oak Ave, ideally situated in the prestigious South Richvale community of Richmond Hill. This beautiful bungalow, built in 1999, sits on an impressive 45 241.5 ft lot, offering exceptional depth, privacy and endless possibilities. The home features skylights and a functional, spacious layout with excellent potential for those looking to renovate, modernize and create a truly customized residence in one of Richmond Hill's most sought-after neighbourhoods. Whether you envision a sophisticated contemporary update or a complete transformation, this property provides a fantastic foundation to bring your vision to life. The clean, unfinished basement offers a blank canvas ready to be completed to suit your needs-perfect for additional living space, a recreation room, home gym, office, theatre or guest accommodations. Additional highlights include an attractive interlock driveway, a new fence installed in August 2026, and a lift providing access from the garage into the home. A rare opportunity to own a bungalow on an exceptionally deep lot in prestigious South Richvale. Enjoy the existing home as-is, renovate to your taste, or explore the future potential this property and location have to offer. Close to excellent schools, 407 ETR, parks, shopping, restaurants, transit and major highways. (id:66096)

Property Details

MLS®: N13687174
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 2,250 ft²
Lot Size: 45 × 242 ft (10,868 sq ft)
Frontage: 45 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 7.1 x 4.4 meters
Dining room: 6.28 x 5.12 meters
Kitchen: 4.29 x 3.31 meters
Pantry: 3.31 x 1.57 meters
Primary Bedroom: 5 x 4.47 meters
Bedroom 2: 3.35 x 3.58 meters
Bedroom 3: 3.3 x 3.42 meters
Laundry room: 2.98 x 1.65 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, Central Vacuum, Stove, Dryer, Window Coverings, Garage door opener remote(s)
Flooring: Tile, Hardwood
Foundation: Block, Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

80d

Richmond Hill (South Richvale) listings, avg age

64d

Price / ft²

$937

List price

$2.11M

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 (South Richvale) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by INTERCITY REALTY INC. · DANIELLE PALAZZO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $2,109,000, about 24.5× the local median household income of $86,000.

Carrying it typically needs a household income of about $411,962 (20% down, 25-yr amortization, stress-tested) — roughly 379% 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)

$2,109,000· $937/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $421,800

Min 20%50%

Mortgage payment$8,994/mo

Property tax (est.)$910/mo

Total monthly$9,904

Cash Needed to Close

Down payment (20%)$421,800

Land transfer tax$39,200

Est. closing costs$8,827

Total cash needed$469,827

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