296 Lennox Avenue, Richmond Hill

Price: $2,288,888

5 bedrooms, 6 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: N13097102

Set at the end of a quiet Harding cul-de-sac on a 10,080 sq ft lot, this 4,831 sq ft residence is a rare find in the neighbourhood. Fully renovated and thoughtfully composed, it offers the kind of scale that rarely comes with this level of finish or this quality of lot.The main floor opens into a bright, generous layout that moves naturally from room to room. A formal sitting room flows into a chef's kitchen anchored by two islands, which connects to a living room centred on a fireplace. Skylights and large windows distribute natural light through the core of the home, while a sunroom extends the living area and steps directly out to the backyard. Four spacious bedrooms occupy this level, led by a primary suite and a junior primary, each with its own ensuite. A secondary bedroom doubles cleanly as a home office or library, depending on how the household uses it.The lower level is where the home's versatility becomes a genuine asset. Two distinct sections, each with a private entrance, lend themselves to a range of configurations: in-law accommodation, multigenerational living, or two fully independent income units running simultaneously. The basement includes a 370 sq ft suite with its own ensuite, a full second kitchen, and separate laundry. Beyond that, a spacious rec room and a dedicated living and dining area round out the space, all set against large windows that bring in genuine daylight. Two well-sized storage rooms add practical depth without borrowing from the living areas. Outside, a large driveway and attached garage handle parking without compromise. A few steps from a ravine walking path and park. The backyard offers a sense of privacy and openness that most lots in the area simply cannot match. VIVA and the GO Train are minutes away, making the location as practical as it is quiet. A raised bungalow of this scale, on a lot this strong, fully renovated to this standard; it does not come up often. A home that has to be walked through to be understood.

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$2,288,888 - 296 Lennox Avenue, Richmond Hill

Detached for Sale in Richmond Hill

42 days on market
5Beds
6Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
N13097102
Property Type
Detached
Status
active
Days on Site
42
Bedrooms
5
Bathrooms
6
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Richmond Hill
Lot Size
10,080 sqft
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Description

Set at the end of a quiet Harding cul-de-sac on a 10,080 sq ft lot, this 4,831 sq ft residence is a rare find in the neighbourhood. Fully renovated and thoughtfully composed, it offers the kind of scale that rarely comes with this level of finish or this quality of lot.The main floor opens into a bright, generous layout that moves naturally from room to room. A formal sitting room flows into a chef's kitchen anchored by two islands, which connects to a living room centred on a fireplace. Skylights and large windows distribute natural light through the core of the home, while a sunroom extends the living area and steps directly out to the backyard. Four spacious bedrooms occupy this level, led by a primary suite and a junior primary, each with its own ensuite. A secondary bedroom doubles cleanly as a home office or library, depending on how the household uses it.The lower level is where the home's versatility becomes a genuine asset. Two distinct sections, each with a private entrance, lend themselves to a range of configurations: in-law accommodation, multigenerational living, or two fully independent income units running simultaneously. The basement includes a 370 sq ft suite with its own ensuite, a full second kitchen, and separate laundry. Beyond that, a spacious rec room and a dedicated living and dining area round out the space, all set against large windows that bring in genuine daylight. Two well-sized storage rooms add practical depth without borrowing from the living areas. Outside, a large driveway and attached garage handle parking without compromise. A few steps from a ravine walking path and park. The backyard offers a sense of privacy and openness that most lots in the area simply cannot match. VIVA and the GO Train are minutes away, making the location as practical as it is quiet. A raised bungalow of this scale, on a lot this strong, fully renovated to this standard; it does not come up often. A home that has to be walked through to be understood.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$10,124.52/mo

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5-yr fixed avg.

Principal: $1,831,110Interest: $1,206,246
Mortgage Amount$1,831,110
Total Interest$1,206,246
Est. Property Tax$1,621/mo
Total Cost$3,037,356

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

296 Lennox Avenue, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,950/mo
Range: $3,358 - $4,543
Cap Rate (ROI)
1.0%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$1,621
Insurance (est.)-$477
Net Cash Flow+$1,852

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

Fair Market Value

At $916/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.

Market Position

At 42 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 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 6 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 $9,537 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    296 Lennox Avenue, Richmond Hill | $2,288,888 | Battaglia Team