$1,798,000 - 156 Tower Hill Road, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13161948
- Property Type
- Detached
- Status
- active
- Days on Site
- 27
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to 156 Tower Hill Road - a meticulously upgraded detached home on a coveted 50 ft lot backing directly onto a protected ravine, in prestigious Jefferson. Every rear window frames uninterrupted treetop views, and the home opens to the outdoors across two full levels of walk-out living. No rear neighbors ever. Approximately 3,800 sq ft of beautifully appointed space showcases extensive custom millwork - picture-frame wainscoting, layered tray ceilings, statement crystal chandeliers, and rich dark hardwood throughout. A dramatic two-storey foyer with arched transom windows and oak staircase sets the tone. Formal living and dining feature classical paneling, marble-surround gas fireplace, and gleaming chandeliers. The renovated chef's kitchen is the showstopper: floor-to-ceiling custom white cabinetry with brass hardware, Calacatta-style quartz with full-height bookmatched backsplash, oversized charcoal island with breakfast seating, designer gold pendants, stainless appliances. Walk out to the elevated glass-railed deck - your private treetop terrace overlooking the ravine canopy. The family room extends the nature connection with custom built-in bookshelves, cozy fireplace, and oversized ravine-facing windows. Upstairs, four generous bedrooms include a luxurious primary retreat with spa-inspired 5-piece ensuite - frameless glass shower, corner soaker tub beneath a crystal chandelier, double quartz vanity, walnut accents, marble flooring. Over $150,000 renovation. Direct access to house from garage. The walk-out lower level is a true second home. Fully self-contained 1-bedroom apartment with kitchen, living room, and its own grade-level walk-out into the ravine yard. Ideal for in-laws, nanny suite, or rental income with private access. Top-ranked Schools: St. Theresa of Lisieux CHS , Richmond Hill HS, parks, ravine trails, and Yonge Street. Ravine-backing homes with walk-out basements are rare - pride of ownership shines throughout.
Estimate your monthly payments for this property
Estimated Payment
$7,953.16/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.
156 Tower Hill 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 $719/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 27 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.
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 $7,492 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.