$1,688,000 - 116 Redstone Road, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed yesterday- MLS Number
- N13010614
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- ELITE CAPITAL REALTY INC.
Stunning Family Home in Prestigious Bayview Rouge Woods!Great care and love by the owner, THIS IS NOT A STAGED HOME **Experience this gorgeous home featuring impressive 12-ft ceilings on the main floor, creating a bright, expansive, and luxurious atmosphere. Designed with an open-concept layout, the home showcases hardwood flooring throughout, pot lights, and premium California shutters, blending elegance with everyday comfort.The modern kitchen is perfect for both family living and entertaining, offering quartz countertops, imported Italian porcelain floor tiles, stylish backsplash, extended cabinetry, stainless steel appliances, and a spacious breakfast area with seamless flow to the outdoor space.Enjoy the warmth of a double-sided gas fireplace, adding charm and sophistication to both living and family areas. The home features two primary bedrooms with private ensuites, ideal for multi-generational families or added convenience.The professionally finished walk-out basement includes 1 bedroom and a 3-piece bathroom, providing excellent potential for extended family living or additional recreational space.Exterior highlights include interlocking front and backyard patio, a maintenance-free deck off the main floor, and a covered lower-level outdoor area with approx. 6-ft headroom-perfect for BBQs and entertaining guests. The garage is upgraded with durable epoxy flooring,Garage direct access to main floor, Brand New Roof/Attic R50 insulation (March 2026),maintenance free Triple A certified engineered-wood deck with steel supports, , manicured gardens front and back, 200-amp electrical service,Located in a top-ranking school district, including Richmond Rose Public School and Bayview Secondary School, and just minutes to Richmond Green Sports Centre, Costco, Hillcrest Mall, T&T Supermarket, Walmart, Richmond Hill GO Station, restaurants, and easy access to Hwy 404 & 407.
Estimate your monthly payments for this property
Estimated Payment
$7,466.59/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 Redstone Road, 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 $844/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.
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 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 $7,033 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.