$4,280,000 - 38 Maple Grove Avenue, Richmond Hill
New Construction for Sale in Richmond Hill
- MLS Number
- N13166774
- Property Type
- New Construction
- Status
- active
- Days on Site
- 16
- Bedrooms
- 4
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- FIRST CLASS REALTY INC.
38 Maple Grove - A Signature Residence by Anix Developments A true masterpiece by Anix Developments, this award-winning custom-built luxury home showcases exceptional craftsmanship and refined interior design. Offering approximately 5,630 sq.ft. above grade and 4000+ sq.ft. of basement space, this residence defines modern luxury living. Step into a grand 23-ft foyer featuring a walk-in closet and breathtaking scale. The home boasts a fully open-concept layout seamlessly connecting the kitchen, dining, and living areas, highlighted by soaring 23-ft vaulted ceilings with exposed beams and elegant floating ceiling details. The sun-filled living space is enhanced by expansive windows and a striking 2-way fireplace, perfectly positioned to serve both the interior and outdoor entertaining areas. The chef-inspired kitchen is equipped with premium Thermador built-in appliances, custom cabinetry, and a built-in breakfast banquette. The luxurious primary suite features an impressive 18-ft ceiling, a boutique-style walk-in dressing room with custom built-ins, and a spa-inspired 6-piece ensuite. All upper-level bedrooms are designed as private suites with their own bathrooms and 10-ft ceilings, while all four bathrooms are upgraded with heated floors. A serene, spa-like wood-clad meditation room adds a unique retreat experience on the second level. The lower level offers 11-ft ceilings throughout, complete with a wine cellar, expansive recreation area, and a separate living space. living is elevated with multiple spaces, including a covered vaulted wood ceiling patio, a glass-railed terrace, and a private hot tub retreat off the primary bedroom-perfect for entertaining and relaxation. A rare blend of architectural sophistication and resort-style living in one of the area's most prestigious communities.
Estimate your monthly payments for this property
Estimated Payment
$18,931.88/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.
38 Maple Grove 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 $856/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 16 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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 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 $17,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.