$3,848,000 - 127 Elgin Mills Road, Richmond Hill
Detached for Sale in Richmond Hill
100 days on market- MLS Number
- N12851112
- Property Type
- Detached
- Status
- active
- Days on Site
- 100
- Bedrooms
- 8
- Bathrooms
- 7
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
This modern 7,700 sq. ft. home is constructed with the highest-quality materials and superior craftsmanship, designed to be treasured by generations. The floor plan is tailored to meet the needs of today's family, featuring oversized living spaces for both formal and informal gatherings. The location also offers the unique opportunity to run a business from the walk-out lower level, complete with a separate entrance, ample parking, and street exposure. Upon entering, you''re welcomed by a dramatic 16-ft high foyer and library, leading into an open-concept main floor. The floating staircases immediately capture attention. Elegant finishes grace every room, with 11-ft ceilings on the main floor, 13-ft ceilings on the lower level, and 9-ft ceilings on the second floor. Highlights include a fabulous library, a formal dining room with custom walls that enhance the room's ambiance, and an oversized chef's dream kitchen with high end appl, a pantry and a walk-out to the terrace. The grandeur of the family room, with a piano and views overlooking the backyard, adds to the appeal. On the second floor, the primary suite serves as a sanctuary of indulgence, featuring a lavish 6-pc ensuite, a private balcony, and a custom walk-in closet. All secondary bedrooms are generously sized, ensuring privacy and luxury for family members or guests. The lower level, with a walk-out to the patio and a separate side entrance, incl porcelain heated f1, a kitchen, 3 bdr, 2 baths, and a separate laundry room. This space can serve as a family suite or be transformed into offices. The outdoor spaces offer nothing short of spectacular views, perfect for relaxation and entertainment. The home is within walking distance to Yonge St., schools, parks, shopping, restaurants, and public transportation. Please see the attached virtual tour and feature sheet for additional information.
Estimate your monthly payments for this property
Estimated Payment
$17,021.00/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.
127 Elgin Mills 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
Competitive Pricing
At $770/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.
Negotiation Opportunity
At 100 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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 8 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 7 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.