$1,599,000 - 113 Riding Mountain Drive, Richmond Hill
Detached for Sale in Richmond Hill
37 days on market- MLS Number
- N13120244
- Property Type
- Detached
- Status
- active
- Days on Site
- 37
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome To The Prestigious Jefferson Community In Richmond Hill - A Highly Sought-after Neighborhood Known For Its Top-ranking Schools, Quiet Street, And Exceptional Family-friendly Living. Built By The Renowned Builder Arista Homes, This Exceptional Double Garage Detached Home Showcases Outstanding Craftsmanship, Superior Construction Quality, And Thoughtful Design Throughout. This Stunning Residence Offers 5 Spacious Bedrooms And 5 Bathrooms With Finished Basement, Perfectly Designed To Accommodate The Needs Of Growing And Multi-generational Families. Situated On A Premium South-facing Lot, The Home Is Filled With Natural Sunlight Throughout The Day. The Home Has Been Extensively Upgraded, Including: 1, Brand New Flooring In All Bedrooms On The Entire Second Floor; 2, Freshly Paint; 3, Fully Upgraded Brand New Kitchen Cabinetry; 4, Modern Stainless Steel Appliances; 5, Newly Finished Basement. A Beautiful 3-sided Fireplace Adds Warmth, And An Elegant Ambiance To The Living Space, Creating The Perfect Atmosphere For Both Relaxing Family Evenings And Entertaining Guests. The Primary Ensuite Bathroom Has Been Upgraded With A Premium Glass Shower, Offering A Luxurious Experience. The Second Floor Features 5 Spacious Bedrooms And 3 Bathrooms, Including One Semi-ensuite Bathrooms That Provide Excellent Convenience And Functionality For Growing Families. The Fully Finished Basement Is A Major Highlight, Featuring A Separate Living Space Complete With Its Own Kitchen, Two Bedrooms, And A Full Bathroom - Ideal For Extended Family Living, Guests, Or Excellent Rental Income Potential. Conveniently Located Close To Parks, Top-ranked Schools Including Richmond Hill High School And St. Theresa Of Lisieux Chs, Holy Trinity School, 24hr Sobeys, Starbucks, Restaurants, Shops, YRT & Banks All Amenities In One Of Richmond Hill's Most Desirable Communities. Home With This Combination Of Layout, Space, And Location Are All In One. A Must See And Buy!
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/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.
113 Riding Mountain Drive, 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 $800/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.
Market Position
At 37 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 7 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 5 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 $6,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.