$1,388,000 - 272 Conestoga Avenue, Richmond Hill
Detached for Sale in Richmond Hill
140 days on market- MLS Number
- N12692826
- Property Type
- Detached
- Status
- active
- Days on Site
- 140
- Bedrooms
- 8
- Bathrooms
- 5
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- CENTURY 21 PERCY FULTON LTD.
Exceptional multi-family/mortgage covering bungalow offering rare features, 4+3 bedrooms and 5 full bathrooms, providing outstanding flexibility for investors, multi-generational living, or executive rental use. The professionally finished lower level (over $170K in upgrades) includes a private entrance, 3 bedrooms, 3 bathrooms, and in-suite laundry, generating $4,000/month in current income, and potential up to $9,000/month if the upper level is also leased-an income profile guarantees your mortgage payment. A separate backyard studio adds further flexibility for a home office, guest suite, or additional income opportunity. The property is offered fully furnished, including furniture, TVs, refrigerators, and appliances, allowing for immediate occupancy or turnkey rental operation. Ideally located in the highly sought-after Bayview Secondary School district, just minutes to GO Transit, Yonge & Bayview, top-ranked schools, parks, and transit. A true living-investment-grade bungalow combining new finishes, strong cash flow, and prime location-an opportunity that stands apart in today's market.
Estimate your monthly payments for this property
Estimated Payment
$6,139.59/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.
272 Conestoga Avenue, Richmond Hill
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Rental income estimator & ROI calculator
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 $925/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 140 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 8 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 5 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 $5,783 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.