17 Chao Crescent, Richmond Hill

Price: $1,098,000

4 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: N13455058

Experience detached-home living without the detached-home price tag! This exceptional corner link home is connected only by the garage and has no neighbour on one side, offering enhanced privacy and an open, airy feel.Boasting 1,894 sq. ft. of above-grade living space, this well-appointed home features 9-ft ceilings, hardwood flooring throughout, a modern kitchen with extended cabinetry and stainless steel appliances, and a sun-filled family room with a cozy gas fireplace. The functional layout offers two separate living areas, convenient second-floor laundry, and direct access from the home to the garage.The finished basement expands the total living space up to 2,700 sq. ft. and offers potential for a separate entrance, subject to municipal approval. Conveniently located near Oakridge Community Centre, parks, schools, and public transit, this home combines space, comfort, and convenience.Enjoy the privacy and feel of a detached home at a more affordable price. Don't miss this incredible opportunity-book your showing today!

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New Listing
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$1,098,000 - 17 Chao Crescent, Richmond Hill

Detached for Sale in Richmond Hill

New — Listed yesterday
4Beds
4Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
N13455058
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
4
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Richmond Hill
Listing Brokerage
FIRST CLASS REALTY INC.
Description

Experience detached-home living without the detached-home price tag! This exceptional corner link home is connected only by the garage and has no neighbour on one side, offering enhanced privacy and an open, airy feel.Boasting 1,894 sq. ft. of above-grade living space, this well-appointed home features 9-ft ceilings, hardwood flooring throughout, a modern kitchen with extended cabinetry and stainless steel appliances, and a sun-filled family room with a cozy gas fireplace. The functional layout offers two separate living areas, convenient second-floor laundry, and direct access from the home to the garage.The finished basement expands the total living space up to 2,700 sq. ft. and offers potential for a separate entrance, subject to municipal approval. Conveniently located near Oakridge Community Centre, parks, schools, and public transit, this home combines space, comfort, and convenience.Enjoy the privacy and feel of a detached home at a more affordable price. Don't miss this incredible opportunity-book your showing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,856.82/mo

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5-yr fixed avg.

Principal: $878,400Interest: $578,647
Mortgage Amount$878,400
Total Interest$578,647
Est. Property Tax$778/mo
Total Cost$1,457,047

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.

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Neighbourhood Guide: Richmond Hill

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

17 Chao Crescent, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$778
Insurance (est.)-$229
Net Cash Flow+$2,193

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $732/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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 $4,575 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    17 Chao Crescent, Richmond Hill | $1,098,000 | Battaglia Team