$2,199,000 - 56 Birch Avenue, Richmond Hill
Detached for Sale in Richmond Hill
48 days on market- MLS Number
- N13071510
- Property Type
- Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RIGHT AT HOME REALTY
Rare opportunity in the prestigious South Richvale community! This mature custom-built 2-storey home sits on a premium 52 x 204 ft lot on a quiet dead-end street, offering exceptional privacy and future potential. Over 3,700 sq ft above grade space with an additional 2,000 sq ft finished basement space, 1+2 kitchens 4+2 bedrooms 3+2 bathrooms, 3 separate laundry rooms, 3 separate entrances plus garage access to home. Main floor - kitchen with walk-out to backyard, living room & dining room, family room, 3pc bathroom and laundry room. Addition on main floor - kitchen, bedroom, 4pc bathroom, plus lower level recreation room/above grade windows, with laundry room. Separate furnace in addition. Second floor - 4 bedrooms, ensuite bathroom off primary bedroom, plus 3pc bathroom. Basement - above grade windows, kitchen, large recreation room, 1 bedroom and 4pc bathroom with laundry room. Oversize cantina with shelving. Whether you're looking for a spacious multi-family home, a solid income property, or the perfect lot to build your dream custom home in the future, this property offers incredible flexibility and investment potential $$$. Located on a highly sought-after street surrounded by multi-million dollar custom homes-yours could be next. Sale of home conditional on completion of Probate.
Estimate your monthly payments for this property
Estimated Payment
$9,726.92/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.
56 Birch Avenue, 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 $628/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 48 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.
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.
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 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.