$3,688,000 - 160 Lawrence Avenue, Richmond Hill
Detached for Sale in Richmond Hill
140 days on market- MLS Number
- N12480696
- Property Type
- Detached
- Status
- active
- Days on Site
- 140
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX ELITE REAL ESTATE
Welcome to this brand new luxury residence built by a renowned Italian builder, offering approx 4,470 sf. of refined living space on the main & 2nd floors, set on a premium 60 x 135 ft lot in one of Richmond Hill's most prestigious neighborhoods. This home blends timeless elegance w/ modern functionality, designed for families, entertainers, & those who value exceptional craftsmanship.Step inside to soaring 10-ft ceilings on the main floor, primary Bdrm, & 2nd-floor hallway, complemented by 9-ft ceilings on the remaining 2nd-floor Bdrms & the unfinished bsmt. Elegant wall panel detailing & ceiling design in the family rm add architectural character & visual depth to the bright, open layout.The chef-inspired gourmet kitchen fts custom full-height cabinetry extending to the ceiling, high-end integrated appliances - part of over $180,000 worth of custom cabinetry throghout.Upstairs, the primary suite offers a luxurious retreat w/ a coffee station, heated ensuite floors, freestanding soaker tub, frameless glass shower, & quartz finishes, creating a spa-like experience. Every Bdrm includes built-in closet organizers, while the powder rm also enjoys heated flooring for added comfort.Throughout the home, you'll find smooth ceilings, 7" Eng. H/W flooring, & a solid red oak staircase w/ iron spindles leading to four spacious bdrms, each w/ its own ensuite.The exterior showcases a refined combination of cement brick, manufactured stone, & premium cladding, complemented by a stone interlocking driveway, insulated garage drs, and fully sodded front & rear yards.Built w/ superior quality & efficiency - featuring R-60 attic insulation, full-height bsmt insulation, spray foam in garage ceilings, & a high-efficiency furnace w/ HRV system. Smart home rough-ins include Cat6e wiring, security, EV charger. w/ 130 LED pot lights & Tarion warranty coverage, every detail has been thoughtfully designed for modern luxury living.
Estimate your monthly payments for this property
Estimated Payment
$16,313.27/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.
160 Lawrence Avenue, 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
Fair Market Value
At $1054/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 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 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.