$999,000 - 368 Fesserton Road, Richmond Hill
Detached for Sale in Richmond Hill
55 days on market- MLS Number
- N13032156
- Property Type
- Detached
- Status
- active
- Days on Site
- 55
- Bedrooms
- 7
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to 368 Fesserton Road, a beautiful raised bungalow nestled in the highly desirable Crosby community of Richmond Hill. This move-in ready home offers exceptional versatility and comfort, perfect for families or investors alike. Featuring 3 spacious bedrooms on the main level, this home boasts gleaming hardwood floors, an open-concept layout, and elegant pot lights that create a warm, modern ambiance throughout. The kitchen seamlessly connects to the living and dining areas with a walk out to a sunroom, making it ideal for everyday living and entertaining. The bright, fully finished basement includes a spacious 2-bedroom in-law suite, complete with its own kitchen, generous living space, and laminate flooring. Large windows flood the lower level with natural light, making it feel anything but below grade-perfect for extended family. Situated on a premium lot with a detached garage and ample parking, this home offers both privacy and convenience. Location is truly unbeatable. Just steps to top-rated schools like Walter Scott Public School and Bayview Secondary School, as well as parks including Silver Stream Park, this home is ideal for families. Enjoy quick access to shopping at nearby plazas such as Smart Centres Richmond Hill, grocery stores, restaurants, and everyday essentials along Major Mackenzie Drive. Commuters will appreciate the easy access to public transit routes and major thoroughfares including Bayview Avenue and Highway 404, connecting you effortlessly across the GTA.A rare opportunity to own a turn-key home in a prime Richmond Hill location-this one truly has it all.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
368 Fesserton 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
Fair Market Value
At $908/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 55 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 7 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.
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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.