$5,000/mo - 382 Elgin Mills Road, Richmond Hill
Detached for Rent in Richmond Hill
- MLS Number
- N13172924
- Property Type
- Detached
- Status
- active
- Days on Site
- 24
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 9,903 sqft
- Listing Brokerage
- T-ONE GROUP REALTY INC.,
Your Dream Rental Home Awaits! Luxury Living at Its FinestWelcome to this Absolutely Spectacular Executive Home in the heart of Richmond Hill! With over **5,500 sq ft of living space** (3927 Sq Ft above ground as per MPAC) and **13 Parking Spots**, this expansive property offers the perfect blend of elegance, comfort, and functionality. Whether you're looking for a family home, an income-generating property, or a space to run your home business, this home has it all. Property Features:5 Spacious Bedrooms and 5 Updated Bathrooms, designed with comfort and style in mind.2 In-Law Suites, each with Separate Entrances and Laundry Facilities, ideal for extra income or multi-generational living.3-Car Garage with a beautiful stone front, adding to the home's curb appeal.Grand Foyer leading into a Spacious Formal Dining Room, perfect for entertaining.Renovated Chef's Kitchen with granite countertops, premium appliances, and ample cabinetry.Fully Updated Bathrooms with high-end finishes.Private Fully Fenced Yard with a large deck, great for outdoor gatherings or quiet relaxation.Upgraded Finishes Throughout, from custom flooring to elegant light fixtures, every detail has been carefully considered.With its prime location in central Richmond Hill, this home offers easy access to shopping, schools, parks, and major highways. Dont miss this rare opportunity to own a truly one-of-a-kind luxury home! ***Separate Entrance to Basement!!!*** For Main/2nd floor only. Open option to entire property. Tenants pay 65% of utilities.
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.
382 Elgin Mills Road, Richmond Hill
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $5,000/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Richmond Hill. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 24 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.
Larger Home Realities
At 3,500 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.
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 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.