$3,199,000 - 163 Hillsview Drive, Richmond Hill
Detached for Sale in Richmond Hill
33 days on market- MLS Number
- N13110978
- Property Type
- Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 8
- Bathrooms
- 7
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- EXP REALTY
Welcome To Prestigious Observatory Hill In Richmond Hill! This Stunning Executive Residence Sits On A Premium 50 Ft Lot And Offers Over 6,000 Sq Ft Of Luxurious Living Space With Exceptional Upgrades Throughout *Featuring 6+2 Bedrooms & 7 Bathrooms, This Elegant Home Showcases Soaring 10-12 Ft Ceilings On Main, 9 Ft Ceilings On Second & Basement, Hardwood Floors, Large Sun-Filled Windows, Custom Draperies, Designer Lighting & A Spacious Open-Concept Layout Perfect For Family Living & Entertaining *Gourmet Chef's Kitchen Features High-End Appliances, Massive Centre Island & Premium Finishes. Enjoy Added Luxury With A Private Elevator, Smart Home Features, 2 Furnaces & 2 A/C Units. Professionally Finished Basement Offers Functional Living Space With Pot Lights Throughout *Located In Highly Sought-After Bayview Secondary School Zone, Steps To Observatory Park, Schools, Library, Shopping, Restaurants, YRT, Hwy 404/407 & More *A Rare Opportunity To Own A Truly Luxurious Home In One Of Richmond Hill's Finest Communities!
Estimate your monthly payments for this property
Estimated Payment
$14,150.26/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.
163 Hillsview Drive, 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 $640/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 33 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.
Larger Home Realities
At 5,000 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.
Excellent Flexibility
With 8 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 7 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.