$1,179,900 - 261 Richmond Street, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 3 days ago- MLS Number
- N13289078
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HOMELIFE EAGLE REALTY INC.
Perfectly Situated 3+1 Bedroom Detached Home In Prestigious Mill Pond * Rare Premium 62 x 147 Ft Lot With South Exposure * Sun-Filled Family Room W/ Wide Plank Espresso Hardwood Floors, Custom Built-Ins & Modern Marble-Style Fireplace Multi-Use Main Floor Room W/ Custom Murphy Bed and Large Dual Windows - Ideal For In-Law Suite or Home Office * Open Concept Dining Area W/ Pot Lights & Large Sliding Door Walk-Out To Extended Deck * Modern Custom Kitchen W/ Full-Height Cabinetry, Built-In S/S Appliances, Corian Quartz Countertops & Pantry Storage * Modern Glass Panel Staircase W/ Stainless Steel Railings * Primary Bedroom W/ Walk-In Closet * Spa-Inspired Ensuite Featuring Frameless Glass Shower, Double Vanity, Designer Tile & Large Window * Second Bedroom W/ Semi-Ensuite & Backyard Views * Custom Sliding Barn Door To Ample Storage * Separate Finished Basement W/ Full Kitchen, Spacious Rec Area, Bedroom & 4-PC Bath - Ideal For Extended Family Or Income Potential * Private Backyard Oasis W/ Expansive Raised Deck, Permanent Wood Gazebo & Mature Trees * Grid-Connected Roof Solar Panels Helping Reduce Monthly Utility Cost * Exceptional Location In The Heart Of Mill Pond - Walking Distance To Mill Pond Park, Scenic Trails, Top-Rated Schools, Mackenzie Health Hospital & Vibrant Yonge Street Amenities
Estimate your monthly payments for this property
Estimated Payment
$5,219.10/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.
261 Richmond Street, 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 $1073/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
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.
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 $4,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.