$2,290,000 - 1 Tiffany Gate, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13172818
- Property Type
- Detached
- Status
- active
- Days on Site
- 24
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RIGHT AT HOME REALTY
2,479 sq feet (MPAC) Distinguished family residence in the prestigious South Richvale community, set on a beautifully landscaped private lot surrounded by mature trees and exceptional estate homes.Offering expansive living space across the park, this elegant home features refined principal rooms, rich hardwood flooring, and a renovated chef's kitchen complete with a centre island and walkout to the side entrance and backyard.The inviting family room with a fireplace provides a warm and comfortable setting for every day living and entertaining. Luxurious renovation of the whole house, bathrooms showcase premium finishes, including a new furnace and air conditioning system. The finished lower level offers outstanding flexibility for recreation, extended family living in separate 1 bdr apartment with laundry room, or a private home office. This gem is offering approximately 3,500 square feet of finished space including basement to enjoy. The deep, secluded backyard presents exceptional outdoor space for entertaining, relaxation, or future customization. Ideally located in one of Richmond Hill's most sought-after luxury neighbourhoods, close to top-ranked schools, parks, transit, and upscale amenities.An exceptional opportunity to secure a prime property in South Richvale.
Estimate your monthly payments for this property
Estimated Payment
$10,129.44/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Richmond Hill
Richmond Hill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Richmond Hill
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Richmond Hill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1 Tiffany Gate, Richmond Hill
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1145/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 24 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Richmond Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Richmond Hill.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,542 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.