$2,299,000 - 109 Highland Lane, Richmond Hill
Detached for Sale in Richmond Hill
48 days on market- MLS Number
- N13070962
- Property Type
- Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Charming, super bright ranch-style bungalow with 2 attached garages, covering 2,390 square feet, is situated in the desirable quiet cul-de-sac Mill Pond neighborhood, surrounded by mature trees for ultimate privacy. Enjoy Muskoka living within the city. The house is located on a spacious and private lot measuring 77.8 by 178 feet, expanding to 88.07 feet at the back (as per Geo). It perfectly combines luxury and comfort. Featuring four generous bedrooms and four well-appointed bathrooms with granite countertops, this home is ideal for modern living. The inviting family room, complete with a wood stove and access to a lovely patio alongside the spacious living and dining areas with a gas fireplace, provides ample space for relaxation and entertainment. Additional highlights include a fourth bedroom with an ensuite bathroom and skylights in the loft, making it perfect for guests. The primary bedroom is a true retreat, featuring an ensuite bathroom with heated floors, a cozy fireplace, direct access to a double garage, and a walkout to a private deck. Elegant hardwood flooring throughout adds to the warm and inviting atmosphere. Moreover, the property offers a versatile multi-purpose family room that can serve as a home office, recreation room, or library, catering to various needs.**EXTRAS:** Updated windows, Pella window in the family room, replaced shingles, garage door opener with two remotes, central vacuum, stainless steel appliances, LG washer and dryer, heated floor in the family room and primary bathroom, and six skylights.
Estimate your monthly payments for this property
Estimated Payment
$10,169.25/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.
109 Highland Lane, Richmond Hill
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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
Premium Pricing
At $1150/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.
Negotiation Opportunity
At 48 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 $9,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.