$1,288,000 - 19 Mermot Lane, Richmond Hill
Townhouse for Sale in Richmond Hill
101 days on market- MLS Number
- N12864560
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 101
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REALTY ASSOCIATES INC.
Brand new luxury townhome by Treasure Hill in a prime location, offering approximately 1,990 sq. ft. of living space (excluding basement) with 4bedrooms, 4 bathrooms, and a double car garage. This bright and spacious home features a modern open-concept layout with a stylish kitchen complete with quartz countertops, a center island with breakfast bar, and stainless steel appliances, flowing seamlessly into sun-filled living and dining areas perfect for family living and entertaining. Conveniently located just minutes from Hwy 404, Hwy 407, Hwy 7, GO Transit, and public transit, and close to shopping centres, grocery stores, restaurants, parks, major malls, and top-rated schools, this home offers the perfect blend of style, comfort, and everyday convenience for modern family living. // BRAND NEW As Is: Stainless Steel Stove, Stainless Steel Fridge, Stainless Steel Dishwasher, Range Hood, Washer/Dryer Combo. Electric Light Fixtures, Zebra window coverings // BRAND NEW As Is: Stainless Steel Stove, Stainless Steel Fridge, Stainless Steel Dishwasher, Range Hood, Washer/Dryer Combo. Electric Light Fixtures, Zebra window coverings. ____________ LEGAL DESCRIPTION: PART BLOCK 4, PLAN 65M4807; PART(S) 188 & 276, PLAN 65R41483 TOGETHER WITH AN UNDIVIDED COMMON INTEREST INYORK REGION COMMON ELEMENTS CONDOMINIUM CORPORATION NO. 1602 SUBJECT TO AN EASEMENT FOR ENTRY AS INYR3780536 SUBJECT TO AN EASEMENT IN GROSS AS IN YR3794973 SUBJECT TO AN EASEMENT IN GROSS AS IN YR3841035SUBJECT TO AN EASEMENT AS IN YR3843266 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR3848972 SUBJECT TO AN EASEMENTOVER PART 276, PLAN 65R41483 IN FAVOUR OF PART 189, PLAN 65R41483 AS IN YR3848972 TOGETHER WITH AN EASEMENTOVER PART 189, PLAN 65R41483 AS IN YR3848972 SUBJECT TO AN EASEMENT IN FAVOUR OF PARTS 185, 186 AND 187, PLAN65R41483 AS IN YR3848972 SUBJECT TO AN EASEMENT IN FAVOUR OF YRCP1602 AS IN YR3873800 CITY OF RICHMOND HILL
Estimate your monthly payments for this property
Estimated Payment
$5,697.26/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.
19 Mermot 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
Fair Market Value
At $859/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 101 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 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 $5,367 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.