$2,300,000 - 126 Spruce Avenue, Richmond Hill
Detached for Sale in Richmond Hill
140 days on market- MLS Number
- N12510840
- Property Type
- Detached
- Status
- active
- Days on Site
- 140
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
"A PROPERTY WHERE POSSIBILITIES ABOUND"--------------*CB Bonus* -- AN EXCEPTIONAL OPPORTUNITY IN A PRIME RICHMOND HILL LOCATION. IDEAL FOR BUILDERS, INVESTORS, OR HOMEOWNERS PLANNING A FUTURE CUSTOM BUILD. THE GENEROUS 50 X 241 FT LOT OFFERS OUTSTANDING FLEXIBILITY FOR ARCHITECTURAL DESIGN, SUITABLE FOR A LARGE SINGLE-FAMILY RESIDENCE OR POTENTIAL MULTI-UNIT DEVELOPMENT (BUYER TO VERIFY ZONING AND PERMITS). FULLY SERVICED WITH ALL ESSENTIAL UTILITIES IN PLACE, ALLOWING FOR A SMOOTH AND EFFICIENT CONSTRUCTION PROCESS.-------------------------------------------------------------------------------------------------Welcome to 126 Spruce Avenue in the sough-after "South Richvale" neighbourhood, where your dream home awaits among many multi-millions dollar homes. This home has been lovingly cared by the original owner, it's a place where memories are made and cherished. Situated on a generous 50 ft x 241 ft deep lot, this home boasts a huge backyard with mature trees surrounding that is perfect for outdoor gatherings, gardening, or simply enjoying the tranquility of nature. As you step inside, you will be greeted by almost 3000 Square Feet of fully finished living space. Each room is well-maintained, reflecting the pride of ownership that the current owner has put into this home. Whether you are looking for a place to settle down, or an investment opportunity, or to build your dream home, this property checks all the boxes. Don't miss out on the chance to make this beautiful property your own. Your dream home is waiting for you! It is a place where you can create a lifetime of memories.
Estimate your monthly payments for this property
Estimated Payment
$10,173.68/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 Spruce 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
Premium Pricing
At $2091/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 140 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.
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 3 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 $9,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.