$1,699,900 - 345 Tower Hill Road, Richmond Hill
Detached for Sale in Richmond Hill
107 days on market- MLS Number
- N12841868
- Property Type
- Detached
- Status
- active
- Days on Site
- 107
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- EASY LIST REALTY LTD.
*** Visit the REALTOR website for further information about this Listing *** Discover the perfect blend of urban convenience and nature in this bright, spacious home, lovingly maintained by original owner. Situated on a premium lot beside a walkway and across from an expansive park, with unobstructed views. Prime southern exposure + extra windows means this ~3,000 sq. ft. home (over 4,000 sq. ft. incl. basement) is filled with natural light and offers unobstructed park views. Major renovations by Paul Lafrance Design (of HGTV fame). The sun-filled main floor showcases 9-ft ceilings and a spacious layout. At the heart of the home is a completely rebuilt modern chef's kitchen featuring quartz countertops, eco-friendly appliances and premium fixtures. The adjacent mudroom has been converted to a dedicated pantry with built-in cabinetry. Upstairs offers 4 spacious bedrooms and three beautifully renovated bathrooms with high-end finishes. A convenient 2nd floor laundry room with built-in cabinetry adds everyday functionality. The finished, fully permitted basement creates a cozy yet bright "quiet zone" with large south-facing windows that maximize natural light. Designed for privacy and silence, it includes soundproofing insulation, solid plywood subfloors, a kitchenette, and a full bathroom-ideal as a workspace, in-law suite, media room, or flexible living space. Located near the protected Oak Ridges Moraine and the headwaters of the Rouge, Humber, and Don rivers, the home offers easy access to the scenic Saigeon Trail with kilometres of forests, kettle lakes, and walking paths-perfect for jogging, hiking, or simply enjoying nature. Step outside to a private backyard sanctuary with mature native trees, blooming perennials, a low-maintenance composite deck for summer BBQs, and a storage shed. Smart-home features include Ethernet wiring, Nest devices, Wi-Fi lighting, motion floodlights, and subscription-free security. Conveniently located near schools, daycare, transat.
Estimate your monthly payments for this property
Estimated Payment
$7,519.23/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.
345 Tower Hill Road, 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
Competitive Pricing
At $680/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 107 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 6 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 $7,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.