46 Heath Street, Richmond Hill

Price: $2,000,000

8 bedrooms, 5 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: N13163762

A Beautiful Family Home in Prestigious Doncrest, Richmond Hill. This warm and inviting detached 5 bedroom home, ideally situated on a quiet, tree-lined street in the highly sought-after Doncrest community. Perfect for single families, multi-generational living, or professionals alike, this residence offers exceptional convenience with access to top-rated schools, including Doncrest Public School and Bayview Secondary School, nearby parks, shops, restaurants, and everyday amenities. Commuting is effortless with quick access to Highways 7, 404, 407, and public transit.Freshly painted and featuring maple hardwood flooring throughout the main level, this classic two-storey home offers a thoughtful and functional layout with 5 spacious bedrooms and generous principal rooms, providing comfortable family living and excellent space for entertaining.The timeless brick exterior, prominent garage, and private driveway contribute to the home's outstanding curb appeal and blend beautifully with the character of this well-established neighbourhood. Inside, the practical floor plan creates a bright and welcoming atmosphere while offering the opportunity to personalize the space and make it truly your own. Doncrest remains one of Richmond Hill's most desirable communities, offering the perfect balance of peaceful suburban living and convenient urban accessibility.

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$2,000,000 - 46 Heath Street, Richmond Hill

Detached for Sale in Richmond Hill

8Beds
5Baths
3,000 - 3,499Sq Ft
Detached
Property Details
MLS Number
N13163762
Property Type
Detached
Status
active
Days on Site
16
Bedrooms
8
Bathrooms
5
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Richmond Hill
Listing Brokerage
INTERNATIONAL REALTY FIRM, INC.
Description

A Beautiful Family Home in Prestigious Doncrest, Richmond Hill. This warm and inviting detached 5 bedroom home, ideally situated on a quiet, tree-lined street in the highly sought-after Doncrest community. Perfect for single families, multi-generational living, or professionals alike, this residence offers exceptional convenience with access to top-rated schools, including Doncrest Public School and Bayview Secondary School, nearby parks, shops, restaurants, and everyday amenities. Commuting is effortless with quick access to Highways 7, 404, 407, and public transit.Freshly painted and featuring maple hardwood flooring throughout the main level, this classic two-storey home offers a thoughtful and functional layout with 5 spacious bedrooms and generous principal rooms, providing comfortable family living and excellent space for entertaining.The timeless brick exterior, prominent garage, and private driveway contribute to the home's outstanding curb appeal and blend beautifully with the character of this well-established neighbourhood. Inside, the practical floor plan creates a bright and welcoming atmosphere while offering the opportunity to personalize the space and make it truly your own. Doncrest remains one of Richmond Hill's most desirable communities, offering the perfect balance of peaceful suburban living and convenient urban accessibility.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,846.67/mo

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5-yr fixed avg.

Principal: $1,600,000Interest: $1,054,002
Mortgage Amount$1,600,000
Total Interest$1,054,002
Est. Property Tax$1,417/mo
Total Cost$2,654,002

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.

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Neighbourhood Guide: Richmond Hill

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

46 Heath Street, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$5,400/mo
Range: $4,590 - $6,210
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$5,400
Maintenance Fees-$0
Property Tax (est.)-$1,417
Insurance (est.)-$417
Net Cash Flow+$3,566

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $667/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 16 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 3,000 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 8 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.

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    46 Heath Street, Richmond Hill — $2,000,000 | Battaglia Team