$1,980,000 - 132 Kersey Crescent, Richmond Hill
Detached for Sale in Richmond Hill
140 days on market- MLS Number
- N12447670
- Property Type
- Detached
- Status
- active
- Days on Site
- 140
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Exquisite Fully Renovated Luxury Home! Approx. $700K Spent on Complete Transformation and Addition! Experience modern elegance in this sun-drenched, open-concept masterpiece on a prestigious, quiet street in Downtown Richmond Hill. Gutted to the bricks and rebuilt with high-end finishes and impeccable craftsmanship. Sophisticated Interior Design:4+1 Spacious Bedrooms including 3 Ensuite Bedrooms for comfort and privacy.5 Designer Washrooms with chic fixtures and modern finishes.2 Gourmet Kitchens with Quartz Countertops, Stylish Backsplashes, Pot Fillers, and 2 Sets of Premium Stainless Steel Appliances. Ideal for entertaining in style. Separate Entrance Basement Apartment Perfect for rental income or multi-generational living. Grand Gas Fireplace on the main floor, adding elegance and warmth. Electric Fireplace in the Basement for a cozy, inviting atmosphere. New Hardwood Flooring, Pot Lights, and Expansive Windows throughout, filling the space with Natural light and sophistication. New stairs with glass railing. Smart Home & Security: Smart Home System Effortlessly control doors, climate, and security. Security System with 5 Cameras for peace of mind. Electric Car Charger for eco-friendly, modern living.2 garage space and 2 driveway spaces. High-Efficiency Furnace & AC for year-round comfort and energy savings. Outdoor Luxury & Curb Appeal: Expansive 57-Foot Wide Backyard Perfect for entertaining and gatherings. New Interlock Driveway, and Privacy Fence enhancing curb appeal and outdoor enjoyment. Prime Location Unmatched Convenience: Tranquil street in Downtown Richmond Hill, close to: Top-tier schools, parks, upscale shopping, and public transit. Easy access to major highways for seamless commuting. This home is the epitome of luxury, comfort, and investment potential with stunning design, modern amenities, and rental income opportunities. Don't miss this rare opportunity! Photos are from a previous staging. Current condition may differ.
Estimate your monthly payments for this property
Estimated Payment
$8,758.21/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.
132 Kersey Crescent, 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 $792/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 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.
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 5 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 $8,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.