$1,049,000 - 438 Marybay Crescent, Richmond Hill
Detached for Sale in Richmond Hill
98 days on market- MLS Number
- N12878978
- Property Type
- Detached
- Status
- active
- Days on Site
- 98
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SMART SOLD REALTY
Premium Huge Pie-Shaped Lot Located In The Prestigious Crosby Community, Zoned For Top-Ranking Bayview Secondary School.This Rarely Offered 3+2 Bedroom Bungalow Features A Separate Entrance And A Fully Finished Basement Currently Generating $1,650/Month Rental Income, Offering Excellent Cash Flow. The Home Features A Functional And Welcoming Layout, With A Cozy Family Room As You Enter. The Dining Area Connects Seamlessly To The Upgraded Kitchen, Featuring Modern Countertops, Stylish Backsplash, Stainless Steel Appliances, And Ample Storage, All Well Maintained By The Current Owner.The Main Level Offers 3 Bright Bedrooms, Including A Third Bedroom With Its Own Separate Entrance And Direct Access To The Garage, Providing Flexible Living Options. Enjoy A Stylish And Spacious Interlocked Backyard, Perfect For Outdoor Gatherings And Relaxation.The Finished Basement Includes 2 Bedrooms, A Full Kitchen, Living Room, Dedicated Parking Spot, And A Separate Entrance, Offering Privacy And Ideal Setup For Rental Or Extended Family Living. Additional Features Include Pot Lights Throughout, Separate Laundry Facilities, And Excellent Maintenance Throughout The Home.Surrounded By Luxury Custom-Built Homes, This Property Also Presents A Prime Opportunity For Future Rebuild Or Investment. Conveniently Located Close To GO Transit Stations, Parks, Community & Cultural Centres, Shopping, Costco, And Major Highways Including Highway 404.
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/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.
438 Marybay Crescent, 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 $954/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.
Negotiation Opportunity
At 98 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.
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.
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.
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 $4,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.