$1,775,000 - 195 Rumble Avenue, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13161620
- Property Type
- Detached
- Status
- active
- Days on Site
- 22
- Bedrooms
- 8
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
A Once-in-a-Generation Opportunity to Build a Landmark Home in Prestigious Mill Pond. A rare chance to secure one of the most coveted settings in the area, set on an exceptional 66 x 328 ft lot backing onto a serene green field. Move in, rent out, or build your dream - the choice is entirely yours.The property includes rare, COA approval to construct an approx. 6,000 SF architectural statement home, with a record-high main building height approved at 29.65 FT, allowing for 11 ft ceilings on the main level and over 10 ft ceiling heights on all other levels. Reduced side yard setbacks of 1.20 metres (east) and 1.65 metres (west) allow for a wider facade, enhanced layout, and an oversized garage.The vision extends outdoors to a resort-style backyard, featuring an approved in-ground pool and a fully legal guest house/cabana featuring 3pc bathroom, summer kitchen, outdoor seating area and an approved record height of 10.5 FT. The approval decision is final and binding, offering extraordinary certainty and the ability to move forward without delay - an approval package of this scale is almost never granted in this location.This is not a concept or a wish list - it is a fully vetted, city-approved blueprint for a one-of-a-kind custom residence that would redefine the streetscape. For builders, end-users, or visionaries looking to fast-track a truly exceptional project, the heavy lifting has already been done! Until you're ready to build, the existing home is in great condition, offering immediate comfort with over 4,300 SF of living space, 5+1 bedrooms, indoor swimming pool, sauna and jacuzzi (sold as is), office ,gourmet kitchen with granite counters, walkout to oversized backyard featuring mature trees and backing onto serene green field.
Estimate your monthly payments for this property
Estimated Payment
$7,851.42/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.
195 Rumble 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
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.
Market Position
At 22 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 3,000 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 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.