$2,499,000 - 20 Dunn Drive, Richmond Hill
New Construction for Sale in Richmond Hill
109 days on market- MLS Number
- N12774182
- Property Type
- New Construction
- Status
- active
- Days on Site
- 109
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SMART SOLD REALTY
Exceptional 5-Year-New Custom-Built Luxury Residence On A Quiet, Prestigious Street In Oak Ridges, Offering Superior Italian Craftsmanship, Thoughtful Design, And Turn-Key Living. Featuring 10 Ft Ceilings On The Main Floor, 9 Ft Upper And Lower Levels, Solid 8 Ft Doors, Full Spray Foam Insulation, And Extensive High-End Finishes Throughout. The Home Offers A Bright, Functional Layout With A Designer Chef's Kitchen, Elegant Family Room, And Multiple Spacious Bedrooms Including A Luxurious Primary Retreat And A Secondary Ensuite Suite, Ideal For Family Or Multi-Generational Living. A Fully Finished Walk-Up Basement With Heated Floors Provides Exceptional Versatility For Recreation Or Extended Living. Meticulously Upgraded And Maintained With Premium Mechanical Systems, Integrated Technology, And Quality Craftsmanship. Located In One Of Richmond Hill's Most Sought-After Communities, Surrounded By Luxury Homes, Steps To Parks, Trails, And Community Centre, Minutes To Lake Wilcox, Top-Ranked Schools, Yonge Street, GO Transit, Hwy 404, Shopping, Dining, And Everyday Amenities. A Rare Opportunity To Own A Modern Luxury Home In A Prime Family-Oriented Neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$11,053.92/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.
20 Dunn Drive, 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 $833/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 109 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.
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 7 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 5 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 $10,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.