$3,799,000 - 127 May Avenue, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13153872
- Property Type
- Detached
- Status
- active
- Days on Site
- 28
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 13,068 sqft
- Listing Brokerage
- EXP REALTY
Welcome to prestigious May Avenue one of the best street over 45% of houses rebuilt in the heart of North Richvale, Richmond Hill - a rare custom-built luxury estate offering approximately 8,000 sq ft of finished living space, including 5,477 sq ft above grade and a fully finished walk-out basement. Situated on an extra-deep lot with no sidewalk, this move-in ready residence combines exceptional craftsmanship, elite school access, and rare 10-car parking capacity.Designed with timeless elegance throughout, the home features natural marble flooring, hardwood floors on the second level, Italian-crafted coffered ceilings, crown moulding, pot lights, and 5 fireplaces. The chef-inspired kitchen boasts a large granite island, premium built-in appliances, gas stove, and seamless walk-out to the covered rear deck and landscaped backyard.Each second-floor bedroom includes its own ensuite bath and walk-in closet, while the stunning primary retreat features an ~11-ft cathedral ceiling, spa-inspired 6-piece ensuite, and oversized walk-in closet.The fully finished walk-out basement is ideal for entertainment and multi-generational living, complete with a recreation area, yoga studio, sauna/steam room, and home theatre. Exterior highlights include a wrought iron fenced yard, oversize stone driveway, tandem 4-car garage, and parking for up to 10 vehicles. Located within the sought-after Ross Doan PS and Alexander Mackenzie HS (IB), and minutes to Hwy 404, GO Transit, shopping, dining, hospitals, and community centres.A truly irreplaceable luxury offering in one of Richmond Hill's most prestigious neighbourhoods. 3D tour at https://vt.torontohousetour.com/127-May-Ave/matterport2.php. More pictures at https://vt.torontohousetour.com/127-May-Ave/gallery2.php.
Estimate your monthly payments for this property
Estimated Payment
$16,804.26/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 May 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 $760/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 28 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.
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 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 6 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.