$998,000
Richmond Hill
525 Lynett Crescent, Richmond Hill (Crosby), Ontario, L4C2V8
This 6-bedroom, 2-bathroom home in Richmond Hill is for sale offering roughly 1,300 sq ft of space. It has been on the market 44 days, fresher than the Richmond Hill average of 74 days.
Rare Upgraded Bungalow on a 56.67' x 100' Lot! One of the few bungalows in the area with expanded main-floor living space and a desirable layout, offering approximately 2,600 sq. ft. of total living area. Situated within highly sought-after school zones, including top-ranked Bayview Secondary School, Crosby Heights Public School, and Beverly Acres French Immersion School. Enjoy the convenience of being just steps from parks and public transit, and only minutes drive to the GO Station, Costco, Walmart, FreshCo, and major highways. The main floor features two bright living rooms with bay windows. One living room offers direct access to the backyard, allowing guests to enjoy fresh air without passing through the bedrooms, a rare and thoughtful layout not found in most similar homes. The finished basement offers abundant natural light and a private separate entrance. Historically, similar basements in the area have rented for $1,700-$2,000 per month. It includes three bedrooms, a 3-piece bathroom, a full second kitchen, above-grade windows, and a large living area complete with a cozy gas fireplace. The large backyard is a true oasis, perfect for family gatherings, childrens play, barbecues, and enjoying fresh fruit from the garden. This home is an ideal choice for families, investors, or builders, with excellent potential for future development. ***Photos have been virtually staged and enhanced. Actual condition and appearance of the property may vary.*** (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 74 days across the listings currently for sale in this city
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.
This 6-bed single family in Richmond Hill (Crosby) has been listed for 44 days, which is 30 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $998,000, about 11.6× the local median household income of $86,000.
Carrying it typically needs a household income of about $194,944 (20% down, 25-yr amortization, stress-tested) — roughly 127% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.