$856,800 - 15 Old Colony Road Unit 84, Richmond Hill
Townhouse for Sale in Richmond Hill
31 days on market- MLS Number
- N13140256
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 31
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to this well-maintained 3+1 bedroom townhome in the highly sought-after Old Colony community near Wilcox Lake. Offering a functional open-concept layout and tasteful upgrades throughout, this home is ideal for families seeking both comfort and convenience.The main living level features 9-ft ceilings, smooth ceilings, and hardwood flooring extending from the second floor through the upper level. A spacious living room flows seamlessly into the dining area and modern kitchen, creating a bright and inviting living space perfect for everyday living and entertaining.The upgraded kitchen is designed with both style and functionality in mind, featuring granite countertops, a double-mount sink, newer appliances, and an entire wall of extended cabinetry reaching the ceiling to maximize storage. An elegant open-to-above staircase with a large window overlooking the ravine allows abundant natural light to flow beautifully between levels.The third floor offers new hardwood flooring, along with upgraded vanities and toilets in both the primary ensuite and second bathroom. The ground floor provides additional versatile living space with a separate room and 2-piece bathroom - ideal for extended family, guests, or a home office setup. Quality laminate flooring further enhances this level.Professionally landscaped front and backyard stone surfaces offer low-maintenance outdoor living with excellent curb appeal. In addition to the deep garage with direct interior and backyard access, the property also offers a total of 3 parking spaces, including an extra parking spot beside the driveway.Conveniently located just minutes to Yonge Street, transit, shopping plazas, parks, Wilcox Lake, and within walking distance to Bond Lake, with easy access to Highways 404 & 407.
Estimate your monthly payments for this property
Estimated Payment
$4,395.83/mo
Includes CMHC insurance ($23,905)
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.
15 Old Colony Road Unit 84, 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 $571/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 31 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Richmond Hill have shown strong appreciation as families seek more space.
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 4 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 $3,570 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.