$8,498,000 - 40 Maryvale Crescent, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13175044
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 6
- Bathrooms
- 9
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 1 sqft
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
The Reserve at Maryvale. A commanding expression of refined estate living in the prestigious enclave of South Richvale, this extraordinary custom residence is a showcase of timeless architecture, grand scale, and resort-inspired luxury. Set gracefully on an exceptional ravine setting, 40 Maryvale Crescent offers approximately 8,500 square feet of meticulously curated living space designed for both elegant entertaining and elevated everyday living. A stately circular drive and impressive stone façade introduce interiors defined by soaring ceilings, exquisite millwork, marble finishes, and richly appointed details throughout. The grand foyer unfolds into a collection of sophisticated principal rooms, blending classic elegance with modern comfort. The designer kitchen is crafted for culinary excellence, complete with premium appliances, custom cabinetry, an oversized centre island, and seamless connection to the family and breakfast spaces overlooking the lush private grounds. Designed for luxurious family living, the residence offers 5+1 bedrooms and 9 baths, including a lavish primary retreat featuring a spa-inspired ensuite, boutique-style dressing room, and serene views of the surrounding greenery. The lower level presents a complete lifestyle experience with a recreation lounge, wet bar, fitness area, sauna, guest accommodations, and walk-out access to the spectacular outdoor setting. Beyond the interiors, the estate transforms into a private resort. Surrounded by mature trees and manicured landscaping, the grounds feature a resort-style pool, waterfall, gazebo, multiple entertaining terraces, and complete privacy rarely found within the city. Located moments from prestigious schools, golf clubs, fine dining, and major commuter routes, this distinguished South Richvale estate represents a rare opportunity to acquire a residence of presence, privacy, and enduring luxury in one of the GTA's most coveted communities.
Estimate your monthly payments for this property
Estimated Payment
$37,589.52/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 Maryvale Crescent, 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
Premium Pricing
At $1700/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 18 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 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.
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 9 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.