$899,000 - 337 Palmer Avenue, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 4 days ago- MLS Number
- N13242134
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HOMELIFE GOLD PACIFIC REALTY INC.
Welcome to this custom designed luxurious, sun-filled, south-facing bungalow situated in one of the most desired neighborhoods in Richmond Hill. Recently totally renovated with over $280K upgrades (see complete list in attached feature sheet). As you first step onto the property, you are greeted by a beautifully landscaped front yard and an elegant glass enclosure entrance. Upon entering the house, a large skylight and two oversized south-facing picture bay windows illuminate the entire open-concept living area. The custom designed kitchen comes with an island and features quartz countertops, large ceramic tiles and to filler over the stove. The main floor features engineering hardwood floor throughout. The custom designed master bedroom features a spacious open-concept en-suite, converted from a bedroom, which includes a modern glass shower, a standalone tub, as well as a spacious wall to wall custom wardrobe. Both bedrooms have large sliding doors that walk out to the large deck for maximum lighting and convenience. The separate entrance basement has 2 bedroom, a kitchen, a laundry room with washer/dryer and a newly renovated 3-piece washroom. The basement kitchen comes with an induction stove-top and S/S appliances. The entire basement is finished with ceramic tiles and vinyl flooring. The custom designed backyard features a private mini-golf putting green, a gazebo, a shed and meticulous landscaping, overlooked by a synthetic wood deck that spans the entire width of the house. Excellent for personal enjoyment and entertaining. Situated on a quiet street in the desirable Harding community, the neighborhood offers the perfect blend of family-friendly convenience, being steps away from top-ranked Bayview Secondary School, and close to Mill Pond and Hillcrest Mall. This is truly a one-of-a-kind, luxurious property that can be fully appreciated when viewed in person.
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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.
337 Palmer 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
Fair Market Value
At $817/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 $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.