$1,575,000 - 126 Carmela Avenue, Richmond Hill
Detached for Sale in Richmond Hill
42 days on market- MLS Number
- N13095182
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 6,855 sqft
- Listing Brokerage
- EXP REALTY
Lovingly cared-for one-family spacious 3+1 bedroom, 3 bathroom bungalow on a quiet cul-de-sac near King Rd and Yonge St. Open concept main floor with very large tiled foyer, combined living room and dining room (tray ceiling) have hardwood floors as does the main floor family room with vaulted ceiling and fireplace. Family room is open to the breakfast area and kitchen with French doors walkout to a composite deck and sunny back garden. The lower level is like a house unto itself. Very large tiled family room with gas fireplace (needs servicing due to lack of use) open to a dining area and open kitchen, 4th bedroom, huge games room, several storage rooms, and a cold room. The lower level also has a 3 pc bathroom. Close to excellent public and private schools, community centre, parks, public transit, and shopping. Two car garage with direct entry through the main floor laundry room. This is a great north Richmond Hill location, nestled off Yonge between Highway 404 and Highway 400. Perfect for a family, downsizers, or your very first home.
Estimate your monthly payments for this property
Estimated Payment
$6,966.76/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.
126 Carmela Avenue, 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 $788/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 42 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.
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 $6,563 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.