$1,695,000 - 24 Timber Valley Avenue, Richmond Hill
Detached for Sale in Richmond Hill
78 days on market- MLS Number
- N12946764
- Property Type
- Detached
- Status
- active
- Days on Site
- 78
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- ENGEL & VOLKERS TORONTO CITY
Discover timeless elegance and exceptional value in this beautifully maintained 4 bedroom, 4 bathroom home, ideally situated in the highly sought-after Oak Ridges community. With 2,629 sqft above grade and an additional 1,519 sq ft of finished living space in the basement with an additional bedroom and 3 piece bathroom, this impressive residence offers over 4,100 square feet of total comfort and functionality. Set on a 50 ft x 120 ft lot, the home boasts tremendous curb appeal, a 2-car garage with parking for 6, and a backyard retreat and spacious deck ready for entertaining. Bright, open-concept interior with large windows and generous natural light, gourmet white kitchen featuring stainless steel appliance, two natural gas fireplaces, 5 security cameras, central vacuum system with kitchen kick plate, garage with over head storage for smart organization. From its bright rooms to its functional layout and thoughtfully updated systems, this home delivers comfort and value in every detail. Set in a family-friendly neighborhood known for its nature trails, top-rated schools, and upscale surroundings, 24 Timber Valley is ready to welcome its next chapter.
Estimate your monthly payments for this property
Estimated Payment
$7,497.56/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.
24 Timber Valley 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 $678/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.
Negotiation Opportunity
At 78 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.
Excellent Flexibility
With 5 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 $7,063 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.