$2,988,000 - 223 Lennox Avenue, Richmond Hill
Detached for Sale in Richmond Hill
55 days on market- MLS Number
- N13041876
- Property Type
- Detached
- Status
- active
- Days on Site
- 55
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SPECTRUM REALTY SERVICES INC.
This exquisite home sits on a rare 50 x 210 ft creekside lot with 9-car parking and nearly 6,000 sq. ft. of finished living space, showcasing coffered 10' ceilings on the main level and 9' ceilings on both the upper and basement floors. The elegant designer kitchen is a chef's dream, featuring granite countertops, marble backsplash, an eat-in island, hidden wine racks, and a butler's pantry. The private office is finished with floor-to-ceiling oak paneling, oak shutters, and built-in shelving. All upstairs bedrooms feature ensuites and walk-in closets. The primary suite offers heated floors with temperature control, while the upper level also includes a spacious walk-in laundry room and linen storage with a dedicated drying area. The beautifully finished walk-up basement includes a 2nd kitchen, theatre area, 5th bedroom, home gym with mirrored wall (or 6th bedroom), and rough-in for a 2nd laundry. The backyard oasis is designed for entertaining with a large PVC deck, glass railings, gazebo, built-in gas fire pit, and PVC bench seating. Professionally landscaped front and back yards are fully fenced and finished with interlocking stone. Additional highlights include over 100 pot lights, oversized windows with California shutters throughout, a built-in home audio system with ceiling speakers, multi-coloured cove lighting, 3 marble-faced gas fireplaces, and 4 skylights with remote-controlled covers. Smart home integrations with a night vision security camera system. Ideally located in a fantastic area just minutes from Richmond Hill GO Station, Alexander Mackenzie High School, Richmond Hill Public Library, Hillcrest Mall, T&T Supermarket, Mackenzie Health Hospital, parks, transit, and so much more.
Estimate your monthly payments for this property
Estimated Payment
$13,216.93/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.
223 Lennox 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
Fair Market Value
At $854/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 55 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.
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 3,500 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 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 6 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.