$2,249,900 - 42 Limerick Street, Richmond Hill
New Construction for Sale in Richmond Hill
52 days on market- MLS Number
- N13031358
- Property Type
- New Construction
- Status
- active
- Days on Site
- 52
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- Signature Elite Realty Ltd.
Welcome to an unrivalled vantage point on the Oak Ridges Moraine. Positioned at the very tip of a quiet cul-de-sac in the prestigious Limerick Point enclave of Oak Ridges Lake Wilcox, this exceptional custom Acorn-built home offers something truly rare: over 4,500 sq ft of luxury living with sweeping, unobstructed views across the ravine and rolling Oak Ridges Moraine. With no through traffic and no neighbours to one side, this is simply the finest lot in the enclave - a setting that cannot be replicated. The Moraine views are a daily presence throughout the home. Soaring ceilings and expansive windows frame the landscape at every turn. The chef's kitchen features a large island, granite countertops, and a breakfast area walkout to a glass-panelled deck overlooking the ravine canopy - with a gas rough-in for effortless entertaining. A gas fireplace anchors the family room, while hardwood flooring and custom built-in shelving elevate every living space. The finished walkout basement opens onto an interlocking stone patio nestled among mature trees, with rough-in for a future wet bar and excellent potential for multigenerational living. A double-car garage includes an EV charger rough-in. Minutes to Lake Wilcox Park, Moraine trails, top-rated schools, Hwy 404, and GO Transit. A home of this size, finish, and position - perched at the end of a cul-de-sac with ravine frontage and Moraine views - is a once-in-a-market opportunity.
Estimate your monthly payments for this property
Estimated Payment
$9,952.07/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.
42 Limerick Street, 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 $643/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.
Negotiation Opportunity
At 52 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.
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.
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 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.
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 $9,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.