$1,750,000 - 116 Lucas Street, Richmond Hill
Semi-Detached for Sale in Richmond Hill
92 days on market- MLS Number
- N12882554
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 92
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome To 116 Lucas Street In The Heart Of The Historical, Mill Pond. This Thoughtfully Designed, Custom-Built Home Sits On A Rare 200 ft Deep, Treed Lot & Showcases High-End, Unique Finishes Throughout. Featuring A Welcoming Covered Porch To A Large Foyer, 10-Foot Ceilings, 3 Fireplaces, 4+1 Bedrooms, 5 Bathrooms, Central Vacuum + Kick Plates. This Home Offers Exceptional Space & Comfort For Modern Living. Kitchen Offers Built/In & Stainless Steel Appliances. Enjoy Summer & Autumn Evenings Sitting In Your Cozy Covered Loggia Complete w/ Gas Fireplace, TV & Twilight Landscape Lighting. Luxurious Lighting, Pot Lights, Smooth Ceilings, 8" Baseboards, Hardwood Flooring & Quartz Countertops Flow Throughout The Home, Complementing The Spacious, Open-Concept Layout Perfect For Everyday Living & Entertaining. Upper Level Features Full Laundry Room, Spacious Bedrooms, Complete w/ Built In Cabinets & Closets, Ensuite Baths + Custom Vanities + Custom Blackout Blinds & Luxury Sheers. The Lower-Level "Flex Space" Features A Partial In-Law Suite W/ Private Walk-Up Entrance, 2nd Kitchen, Bedroom & 3-Piece Bath, Providing Additional Living Space W/ The Potential To Convert Into A Full Basement Suite W/ Laundry Rough-In! Professionally Landscaped W/ Perennials & Sprinkler System. BBQ Gas Line. Nest Thermostat. Security System W/ Front & Rear Cameras. Enjoy The Best Of The Neighbourhood W/ Mill Pond Park Just Steps Away- Perfect For Skating In The Winter, Community Events, Or Scenic Walks & Trails Year-Round. Conveniently Located Minutes From RH Hospital, Library, FireStation + A Short Walk To Historical Shops, Restaurants, Transit & Amenities Along Vibrant Yonge Street. Extraordinary Richmond Hill Living!
Estimate your monthly payments for this property
Estimated Payment
$7,740.84/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.
116 Lucas Street, 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
Fair Market Value
At $875/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.
Negotiation Opportunity
At 92 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.
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 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 $7,292 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.