$2,250,000 - 197 Garden Avenue, Richmond Hill
Detached for Sale in Richmond Hill
39 days on market- MLS Number
- N13109102
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SMART SOLD REALTY
Welcome To This Newly Custom-Built Luxury Detached Home In The Prestigious South Richvale Community Of Richmond Hill, Surrounded By Multi-Million-Dollar Residences And Located In One Of The Area's Most Desirable Neighbourhoods! Thoughtfully Designed With Modern Elegance And Quality Craftsmanship, This Home Offers A Perfect Balance Of Style, Comfort And Functionality For Everyday Living. Step inside to discover bright open-concept living spaces enhanced by engineered hardwood floors, designer lighting, and elegant architectural details. The living room features a dramatic natural stone slab fireplace wall, creating a striking focal point for sophisticated entertaining.The designer kitchen is a true showpiece, offering custom extended metallic-finish cabinetry, quartz countertops and backsplash, And Stainless Steel Appliances, While The Adjoining Breakfast Area Offers A Walk-Out To A Large Deck Overlooking Serene Greenery. A beautifully upgraded solid wood staircase with matching wood railings leads to the second floor. The upper level features four spacious bedrooms, including a primary suite with a private 4-piece ensuite. Two of the secondary bedrooms offer direct walk-out access to a shared balcony, providing a bright and relaxing outdoor space. The basement features a separate entrance and offers excellent potential for additional living space or rental income. It includes two separate rooms that can be used as bedrooms, living and dining room, a full kitchen, and a 3-piece bathroom. The laundry area is thoughtfully separated from the main living space for added convenience and privacy. Large windows bring in plenty of natural light, creating a bright and comfortable environment. This versatile lower level is ideal for extended family or for generating additional rental income. Ideally Located Just Steps To Top Schools, Parks, And The Public Library, This Exceptional Home Delivers Luxury Living In One Of Richmond Hill's Most Coveted Communities.
Estimate your monthly payments for this property
Estimated Payment
$9,952.51/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.
197 Garden Avenue, Richmond Hill
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Rental income estimator & ROI calculator
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 $900/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.
Market Position
At 39 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.
Excellent Flexibility
With 6 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.
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 $9,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.