$1,299,999 - 40 Chiara Rose Lane, Richmond Hill
Semi-Detached for Sale in Richmond Hill
42 days on market- MLS Number
- N13059412
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HOMELIFE FRONTIER REALTY INC.
Refined Luxury Living In Prestigious Oak Ridges. Welcome To 40 Chiara Rose Lane, An Elegant Semi-Detached Residence Showcasing Over 2500 Sq Ft Of Modern Design Excellence In One Of Richmond Hill's Most Coveted Communities. Perfectly Blending Sophisticated Style With Timeless Comfort, This Home Offers A Rare Combination Of Luxury Finishes, Smart Home Technology, And A Prime Location Surrounded By Nature, Golf Courses, And Top-Rated Schools. Step Inside To Experience Airy 10 Ft Ceilings On The Main Floor And 9 Ft Ceilings On The Ground And Upper Levels, Complemented By Wide-Plank Hardwood Flooring, 8 Ft Doors, And Custom Millwork Throughout. The Chef-Inspired Kitchen Features A Sub-Zero And Wolf Appliance Package, Waterfall Quartz Island, And Designer Gold Hardware With Under-Cabinet Lighting, The Perfect Centerpiece For Entertaining. The Primary Retreat Impresses With A Spa-Inspired 5 Pc Ensuite, A Custom Walk-In Closet, And A Private Balcony For Serene Morning Coffee Moments. Enjoy The Outdoors With A Large Terrace And Three Additional Balconies, Ideal For Relaxation And Fresh Air. Flexible Lower Level With Walk-Up Access, Great Potential For An In-Law Or Nanny Suite Or Potential Income, Adding Versatility And Value To The Home. Located Minutes To Lake Wilcox, Bond Lake, Multiple Golf Courses, Boutiques, Fine Dining, Libraries, Top Schools And Scenic Trails. With Quick Access To Transit And Major Highways Ensures Effortless Commuting And Connectivity. This Home Delivers A Lifestyle Of Comfort And Prestige...Over $150K In Upgrades. Garage Door Opener Installed. Four Outdoor Spaces Including Terrace And Three Balconies.
Estimate your monthly payments for this property
Estimated Payment
$5,750.33/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.
40 Chiara Rose Lane, 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 $520/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.
Market Position
At 42 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 4 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 $5,417 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.