$1,288,000 - 10 Park Lane Circle, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13207220
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Welcome to 10 Park Lane Circle-a fully upgraded, turnkey masterpiece nestled in the heart of Richmond Hill's most prestigious enclave, South Richvale. This exceptional detached home offers the perfect blend of modern, functional family living, and an incredible income-producing opportunity. The property features two fully equipped kitchens and a highly functional layout. The main and upper levels boast a bright, sun-filled design featuring 3 spacious bedrooms, sleek hardwood floors, modern pot lights, and beautifully renovated bathrooms. The versatile family room offers incredible flexibility and can easily serve as a 4th bedroom to suit your family's needs. The main family-sized kitchen is a chef's dream, seamlessly flowing into elegant principal living spaces designed for effortless entertaining. The true showstopper is the fully finished, walk-out basement with its own separate entrance. Boasting a second full kitchen, a large living area, a generous bedroom, and a 3-piece ensuite, this entirely self-contained space yields phenomenal rental income potential of approximately $1,750 per month, or serves as an ideal multi-generational in-law suite. Step outside to your private, beautifully landscaped backyard retreat complete with an expansive entertaining deck. Situated on a quiet, family-friendly circle just minutes from top-ranking schools (Adrienne Clarkson PS & Langstaff SS), elite golf clubs, Richmond Hill GO Station, VIVA transit, Highway 407, and the premium shops and dining of Yonge Street. Schools & Amenities: Steps to top-ranked Adrienne Clarkson PS (French Immersion) and Langstaff SS. Close to private golf clubs, lush parks, and the best shopping/dining along Yonge St.
Estimate your monthly payments for this property
Estimated Payment
$5,697.26/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.
10 Park Lane Circle, Richmond Hill
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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
Fair Market Value
At $859/sqft, this property is priced in line with current Richmond Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 21 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
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 $5,367 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.