$1,988,000 - 130 Spruce Avenue, Richmond Hill
Detached for Sale in Richmond Hill
112 days on market- MLS Number
- N12825202
- Property Type
- Detached
- Status
- active
- Days on Site
- 112
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to 130 Spruce Ave! Nestled on a rare premium lot (72 ft x 241 ft), this meticulously maintained and beautifully renovated home offers the perfect blend of charm, comfort, and modern convenience. Surrounded by many custom-built homes, this exceptional 70+ ft frontage presents a rare opportunity with future potential - including the possibility of building a triple-car garage. Featuring 3 spacious bedrooms and 3 bathrooms, plus a separate family room ideal for relaxing or entertaining, this home is thoughtfully designed for easy living. The family room walks out to a stunning, landscaped backyard complete with mature pear and apple trees, a beautiful Japanese maple, and plenty of space to enjoy the outdoors. The stylish kitchen is a dream for cooking and baking enthusiasts, showcasing a large island with seating and abundant cabinetry. Hardwood floors, elegant crown moulding, and pot lights throughout create a warm and inviting atmosphere. The primary bedroom offers a private ensuite and walk-in closet for added comfort. For peace of mind, the home is equipped with three exterior security cameras (front door, backyard, and garage). The front yard is enhanced by a magnificent magnolia tree, adding exceptional curb appeal. The double-car garage includes an automatic opener (right side) and separate access doors to both the house and backyard. A powered shed provides additional storage or workspace. Efficient. Affordable. Move-in ready. Book your private viewing today - showings require just 1 hour's notice.
Estimate your monthly payments for this property
Estimated Payment
$8,793.59/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.
130 Spruce Avenue, Richmond Hill
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Rental income estimator & ROI calculator
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 $994/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.
Negotiation Opportunity
At 112 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $8,283 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.