238 Mill Street, Richmond Hill

Price: $2,298,000

6 bedrooms, 3 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: N13094300

A rare opportunity in the highly sought-after Mill Pond community. This exquisite, fully renovated mid-century modern bungalow is situated on one of the largest lots in the area, just steps from the prestigious Mill Pond. The style of this unique home is mid-century meets Japanese with its peaceful, zen-like energy. The expansive south-facing backyard is surrounded by mature trees, creating a private oasis with a Muskoka-like setting in the city. An impressive double lot (90 ft x 185 ft). Lots with 90 ft frontage and above have been favourably considered for severance by the City of Richmond Hill; however, buyers are to conduct their own due diligence. One of the few homes in the neighbourhood featuring a circular driveway, this charming and unique property offers both character and convenience. The home has been completely renovated with quality craftsmanship and meticulous attention to detail. Mature trees at the front provide additional privacy and enhance the exceptional curb appeal. The outdoor space is thoughtfully designed with two stone patios, and a fully screened sunroom creating an inviting outdoor space. The property also has two custom-built sheds on concrete pads (front and back). Located within the boundaries of top-rated schools, including Alexander Mackenzie Secondary School (renowned for its IB and Arts programs) and St. Therese of Lisieux Catholic High School, ranked #1 in the province based on the 2025 Fraser Institute ranking. Walking distance to Richmond Hill Centre for the Performing Arts, Mackenzie Health Hospital, and Richmond Hill Central Library. Convenient access to Highways 400, 404, 407 and Highway 7, as well as public transit via YRT and GO Train service at Richmond Hill and Maple stations. **Please see attachments for a full, comprehensive list of features. **Open house Sat, May 9th, 2pm-4Pm.

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$2,298,000 - 238 Mill Street, Richmond Hill

Detached for Sale in Richmond Hill

43 days on market

Neighbourhood: Mill Pond

6Beds
3Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
N13094300
Property Type
Detached
Status
active
Days on Site
43
Bedrooms
6
Bathrooms
3
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Richmond Hill
Listing Brokerage
SUTTON GROUP-ADMIRAL REALTY INC.
Description

A rare opportunity in the highly sought-after Mill Pond community. This exquisite, fully renovated mid-century modern bungalow is situated on one of the largest lots in the area, just steps from the prestigious Mill Pond. The style of this unique home is mid-century meets Japanese with its peaceful, zen-like energy. The expansive south-facing backyard is surrounded by mature trees, creating a private oasis with a Muskoka-like setting in the city. An impressive double lot (90 ft x 185 ft). Lots with 90 ft frontage and above have been favourably considered for severance by the City of Richmond Hill; however, buyers are to conduct their own due diligence. One of the few homes in the neighbourhood featuring a circular driveway, this charming and unique property offers both character and convenience. The home has been completely renovated with quality craftsmanship and meticulous attention to detail. Mature trees at the front provide additional privacy and enhance the exceptional curb appeal. The outdoor space is thoughtfully designed with two stone patios, and a fully screened sunroom creating an inviting outdoor space. The property also has two custom-built sheds on concrete pads (front and back). Located within the boundaries of top-rated schools, including Alexander Mackenzie Secondary School (renowned for its IB and Arts programs) and St. Therese of Lisieux Catholic High School, ranked #1 in the province based on the 2025 Fraser Institute ranking. Walking distance to Richmond Hill Centre for the Performing Arts, Mackenzie Health Hospital, and Richmond Hill Central Library. Convenient access to Highways 400, 404, 407 and Highway 7, as well as public transit via YRT and GO Train service at Richmond Hill and Maple stations. **Please see attachments for a full, comprehensive list of features. **Open house Sat, May 9th, 2pm-4Pm.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$10,164.83/mo

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5-yr fixed avg.

Principal: $1,838,400Interest: $1,211,049
Mortgage Amount$1,838,400
Total Interest$1,211,049
Est. Property Tax$1,628/mo
Total Cost$3,049,449

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.

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Neighbourhood Guide: Mill Pond

Discover Mill Pond

Mill Pond 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 Mill Pond

  • 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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Mill Pond 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.

70
Walk Score
Varies
Price Range

238 Mill Street, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,000/mo
Range: $3,400 - $4,600
Cap Rate (ROI)
1.0%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,000
Maintenance Fees-$0
Property Tax (est.)-$1,628
Insurance (est.)-$479
Net Cash Flow+$1,893

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $2089/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 43 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 3 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.

About Mill Pond

I know Mill Pond well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    MLS# N13094300 — 238 Mill Street | Battaglia Team