$1,289,990

For sale

#10 78 Gathering Lane, Richmond Hill - Single Family for Sale

#10 78 Gathering Lane, Richmond Hill, Ontario, L4S0S4

3 beds3 baths2 parking2,250 ft²21 × 120 ft (2,520 sq ft) lot sizeListed 20 days ago

Overview

This 3-bedroom, 3-bathroom home in Richmond Hill is for sale offering roughly 2,250 sq ft of space. Listed at $1,289,990, it is attractively priced about 23% below the $1,680,000 median asking price in Richmond Hill. It has been on the market 20 days, fresher than the Richmond Hill average of 57 days.

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Description

Brand new, move-in ready and backing onto a ravine! Discover this beautifully appointed 2-storey traditional townhome by Sunny Communities in Richmond Hill's sought-after Elgin Mills and Bayview neighbourhood. Offering over 2,000 sq. ft., 3 bedrooms and 3 bathrooms, this home combines a spacious family-friendly layout with thoughtful finishes throughout. An inviting kitchen and breakfast area lead into a generous great room with a coffered ceiling, while the backyard will feature a deck overlooking the ravine-a lovely setting for morning coffee or relaxing evenings outdoors. Upstairs, the primary bedroom offers a walk-in closet and ensuite with a freestanding tub and separate glass shower. Two additional bedrooms, a shared bathroom and convenient second-floor laundry complete the upper level. Enjoy an attached garage and an unfinished basement with room to grow. Included builder incentives feature a stained oak staircase with metal pickets, pot lights, air conditioning, an Ecobee smart thermostat, 200-amp electrical service and an EV charger rough-in. A prime location with the comfort of a brand-new home, ready when you are. Purchase directly from the builder with just a 5% deposit and proceed straight to closing! (id:66096)

Property Details

MLS®: N14089762
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 21 × 120 ft (2,520 sq ft)
Frontage: 21 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Listed: 20 days ago

Features

Foundation: Poured Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Richmond Hill listings, avg age

57d

Price / ft²

$573

List price

$1.29M

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 has been listed for 20 days, which is 37 days fresher than the city average of 57. Act while there is still low competition.

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Listed by KELLER WILLIAMS ADVANTAGE REALTY · Noemi Garrido Cabaleiro

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4S)

This home lists at $1,289,990, about 10.8× the local median household income of $119,000.

Carrying it typically needs a household income of about $251,980 (20% down, 25-yr amortization, stress-tested) — roughly 112% above the area median.

Median household income: $119,000
Population: 36,688
Median age: 43.2
Owner / renter: 85% / 15%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA L4S)

$1,289,990· $573/ft²

For sale

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Full Cost Breakdown

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Down Payment8.06% · $103,999.00

Min 8.06%50%

Mortgage payment$6,575/mo

↳ CMHC premium ($47,440 capitalized)

Est. property tax$0/mo

Total monthly$6,575

Cash Needed to Close

Down payment (8.06%)$103,999

Land transfer tax$22,275

Est. closing costs$6,370

Total cash needed$132,644

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