$888,000 - 16 Tay Lane, Richmond Hill
Townhouse for Sale in Richmond Hill
115 days on market- MLS Number
- N12798780
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 115
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Stunning executive freehold townhome in the highly desirable Ivylea community. This bright and spacious three-storey residence offers 3 bedrooms plus a generous den - ideal for a home office or easily adaptable as a fourth bedroom - along with a rare oversized double garage.The open-concept main floor showcases 10-foot ceilings, rich hardwood flooring, and an elegant oak staircase. The contemporary kitchen is beautifully appointed with quartz countertops, a centre island, and a walkout to one of two private balconies, creating the perfect space for everyday living and entertaining. The upper level features 9-foot ceilings and a thoughtfully designed layout.The primary suite serves as a private retreat, complete with a spa-inspired ensuite featuring a freestanding soaker tub, separate glass shower, and a spacious walk-in closet.Located at Leslie Street and 19th Avenue, this home offers exceptional convenience with quick access to Highways 404 and 407, public transit, parks, scenic trails, and green space. Close to top-rated schools, shopping including Costco and Home Depot, restaurants, and everyday amenities.Set within a quiet, family-friendly neighbourhood, this move-in ready home combines modern finishes, thoughtful upgrades, and a prime location - the perfect blend of comfort and lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$4,555.90/mo
Includes CMHC insurance ($24,775)
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.
16 Tay Lane, 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 $592/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 115 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.
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 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 $3,700 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.