$1,988,000 - 56 Cynthia Crescent, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 2 days ago- MLS Number
- N13427910
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SUPERSTARS REALTY LTD.
Welcome to 56 Cynthia Cres, Your Private Paradise in the highly sought-after Oak Ridge community. LOADED W/ HIGH-END UPGRADES! Nestled within a peaceful, child-friendly enclave, this exceptional property sits on a rare premium lot backing onto greenspace W/ Impressive 114.55 ft frontage & over 15,000 sq ft of exceptional land, offering refined living at its finest. Completely Remodelled/Redesigned Interior & Fully Redesigned & Landscaped Private Backyard Oasis.**Stunning Bright 4+1 Bdr Fam home featuring amazing view & open concept/modern interior & 2 kitchens W/ Luxurious Renovation (2023) W/ City permit.** Spent $$$ approx $750K on Upgrades & Improvements.** Approx 3,000 sq ft of luxury living space across 4 upper levels plus spacious finished bsmt. One Of A Kind/ lavishly work done/no detail overlooked.Stunning vaulted ceiling reaching 12 ft at its highest point, enhancing sense of space & architectural elegance throughout main Lvl. Open-concept layout anchored by statement kitchen W/ large centre island W/dual waterfall edges & integrated wireless phone charger, custom counters, Top-Of-The-Line Appl & modern cabinetry.Spacious Fam Rm W/ gas fireplace offers inviting setting for entertaining guests, family time, or relaxing.Upper level, spacious primary suite serves as a peaceful retreat W/ picturesque views of backyard pool, custom built-in wardrobes & spa-inspired ensuite W/ steam sauna for ultimate relaxation. Additional Bdrs are bright & generously sized W/ custom built-in closet organizers. The fully finished walk-out lower level showcases a 2nd kitchen & spacious Rec Room W/ direct access to the resort-style backyard & inground pool. Perfect for gatherings, multi-generational living, or in-law suite potential, while the finished Bsmt level offers additional space for recreation & entertaining. Backyard oasis W/ inground pool offering exceptional privacy & peaceful, tranquil setting. This residence is Truly One-Of-A-Kind in the area.A Must See Home.
Estimate your monthly payments for this property
Estimated Payment
$8,793.59/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 Cynthia 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
Competitive Pricing
At $795/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Excellent Flexibility
With 5 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 4 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 $8,283 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.