$988,000 - 111 Springhead Gardens, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 2 days ago- MLS Number
- N13247962
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 5,145 sqft
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to this exceptional detached 2-storey residence situated in the highly sought-after North Richvale community of Richmond Hill. Nestled on a premium Lot of over 5,000 sq. ft., this beautifully maintained home offers the perfect blend of comfort, elegance, and functionality. Featuring hardwood flooring throughout, fresh paint, and a bright open-concept layout, the home is designed for both everyday living and seamless entertaining. Large windows and pot lights fill the space with abundant natural light, creating a warm and inviting atmosphere. The upgraded kitchen is a chef's dream, complete with stainless steel appliances, a center island, and a spacious eat-in area. Relax in the cozy family room featuring a charming fireplace with stepping outside to your private backyard oasis, boasting an impressive 145+ f. deep lot surrounded by mature trees, offering exceptional privacy and an ideal setting for outdoor entertaining, relaxation, and family enjoyment. The finished basement includes a separate entrance, one-bedroom apartment, and a full bathroom, presenting an excellent opportunity for rental income or multi-generational living. A large laundry room provides additional storage space and convenience. Additional highlights include interior access to the garage, side-yard entry, and ample living space throughout. Ideally located in the heart of Richmond Hill, this home is just steps to Hillcrest Mall, top-rated schools, Yonge St. & Carrville Rd Transportation, Close to High ways 407,404, & 7, parks, restaurants, shopping, and all essential amenities. Commuters will appreciate the excellent access to public transit and major transportation routes. Move-in ready and thoughtfully updated, this remarkable property offers an outstanding opportunity to own a prestigious home in one of Richmond Hill's most desirable neighbourhoods. Do not miss your chance to experience the lifestyle this exceptional home has to offer.
Estimate your monthly payments for this property
Estimated Payment
$5,068.95/mo
Includes CMHC insurance ($27,565)
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.
111 Springhead Gardens, 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 $659/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 6 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 $4,117 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.