251 Mcconvey Drive, Richmond Hill

Price: $984,000

5 bedrooms, 3 bathrooms

700 - 1,099 sqft

Property Type: Semi-Detached

MLS#: N13129972

This beautifully maintained 3-bedroom semi-detached home offers a rare combination of modern upgrades and exceptional income potential in one of Richmond Hill's most coveted neighborhoods. The residence welcomes you with a bright, open-concept layout and a practical 2-story design that seamlessly blends generous living and dining areas, creating an inviting atmosphere for both daily family life and elegant entertaining. A standout feature is the fully finished 2-bedroom basement, complete with a private separate entrance, perfect for extended family or as a high-demand rental suite. Meticulously updated for the future, the home boasts a 2025 electrical panel upgrade that is fully prepped and ready for an EV charger installation. Ideally situated within easy walking distance to the GO Train, public transit, Walmart, and Food Basics, this home provides an effortless urban lifestyle while remaining steps away from local parks and top-tier schools. This is a truly turn-key opportunity in a prime location that perfectly balances convenience, sustainability, and value. Photos were taken prior to tenants move in.

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$984,000 - 251 Mcconvey Drive, Richmond Hill

Semi-Detached for Sale in Richmond Hill

5Beds
3Baths
700 - 1,099Sq Ft
Semi-Detached
Property Details
MLS Number
N13129972
Property Type
Semi-Detached
Status
active
Days on Site
29
Bedrooms
5
Bathrooms
3
Square Feet
700 - 1,099 sqft
Neighbourhood
Richmond Hill
Listing Brokerage
KW Living Realty
Description

This beautifully maintained 3-bedroom semi-detached home offers a rare combination of modern upgrades and exceptional income potential in one of Richmond Hill's most coveted neighborhoods. The residence welcomes you with a bright, open-concept layout and a practical 2-story design that seamlessly blends generous living and dining areas, creating an inviting atmosphere for both daily family life and elegant entertaining. A standout feature is the fully finished 2-bedroom basement, complete with a private separate entrance, perfect for extended family or as a high-demand rental suite. Meticulously updated for the future, the home boasts a 2025 electrical panel upgrade that is fully prepped and ready for an EV charger installation. Ideally situated within easy walking distance to the GO Train, public transit, Walmart, and Food Basics, this home provides an effortless urban lifestyle while remaining steps away from local parks and top-tier schools. This is a truly turn-key opportunity in a prime location that perfectly balances convenience, sustainability, and value. Photos were taken prior to tenants move in.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,048.43/mo

Includes CMHC insurance ($27,454)

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5-yr fixed avg.

Principal: $885,600Interest: $601,475
Mortgage Amount$913,054
Total Interest$601,475
Est. Property Tax$697/mo
Total Cost$1,514,529

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: Richmond Hill

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

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

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.

70
Walk Score
Varies
Price Range

251 Mcconvey Drive, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$697
Insurance (est.)-$205
Net Cash Flow+$2,698

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 $1406/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 29 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.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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 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.

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    251 Mcconvey Drive, Richmond Hi… — $984,000 | Battaglia Team