$1,788,000 - 101 Leyburn Avenue, Richmond Hill
Detached for Sale in Richmond Hill
57 days on market- MLS Number
- N13030870
- Property Type
- Detached
- Status
- active
- Days on Site
- 57
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Discover This Spacious Bungalow Set On A Rare & Expansive L-Shaped Lot In Richmond Hill's Sought-AfterWestbrook Community! Offering over 4,300 sq ft of total living space and an oversized, fully fenced lot surrounded by mature trees, this property presents a unique opportunity for end-users, investors, or builders. The main level features a bright double-door entry with skylights, a functional layout including formal principal rooms, a stunning marble foyer and dining area, and a sunken family room with hardwood flooring, high ceilings, and a large rear-facing window overlooking the private backyard. The eat-in kitchen offers ample space and natural light, with excellent potential for renovation and customization. The home includes 3 bedrooms, including a primary suite with ensuite bath, along with a spacious 5-piece main bathroom and additional powder room. Bathrooms and finishes are largely original, providing an opportunity to update and personalize.The finished basement offers exceptional flexibility, featuring a self-contained 1-bedroom in-law suite with separate entrance, kitchen, laundry, and above-grade windows, as well as an additional large recreation area with second kitchen and wood-burning fireplace. This basement is ideal for extended family or income potential. Additional features include a double car garage w/interior access, interlock driveway, garage door openers, and ample storage. Ideally located close to Yonge St, transit, schools, shops & more. Set on one of the larger and more unique lots in the area, this property offers endless possibilities! **Some photos have been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$7,908.93/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.
101 Leyburn Avenue, 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
Competitive Pricing
At $715/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 57 days on site, this property has exceeded the typical selling timeline for Richmond Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $7,450 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.