$3,290,000 - 57 Roosevelt Drive, Richmond Hill
New Construction for Sale in Richmond Hill
98 days on market- MLS Number
- N12858966
- Property Type
- New Construction
- Status
- active
- Days on Site
- 98
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HOMELIFE GOLCONDA REALTY INC.
An exquisite custom-built estate showcasing outstanding craftsmanship and meticulous attention to detail, ideally situated in the prestigious South Richvale community. Offering over 6,000 sq. ft. of luxurious finished living space, this exceptional residence is designed with premium materials, refined architectural elements, and superior quality throughout.The striking limestone exterior and luxury windows create a grand first impression, while the thoughtfully designed interior features 11-foot ceilings on the main floor, 10-foot ceilings on the second level, and 9-foot ceilings in the professionally finished basement. Elegant marble and rich hardwood flooring extend across both levels, complemented by an impressive oversized skylight that fills the home with natural light. A private elevator provides seamless access to all floors, while numerous LED pot lights and a fully integrated sound system with built-in speakers enhance both ambiance and functionality.The gourmet chef's kitchen is beautifully appointed with luxurious stone countertops, high-end finishes, and a separate serving area-perfect for formal entertaining and family gatherings. Four fireplaces throughout the home add warmth, comfort, and architectural sophistication.The walk-up basement offers exceptional additional living space, featuring heated floors, a spacious recreation room with fireplace, a wet bar, and one bedroom with a full bathroom-ideal for extended family, guests, or entertaining. Additional features include a comprehensive security system with cameras, central vacuum, and an automatic irrigation system for effortless maintenance.A rare opportunity to own a distinguished luxury residence in one of the most sought-after neighborhoods, offering elegance, comfort, and modern convenience at every turn.
Estimate your monthly payments for this property
Estimated Payment
$14,552.78/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.
57 Roosevelt Drive, 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 $940/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.
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 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 6 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 $13,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.