$998,000 - 58 Rideau Drive, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13128346
- Property Type
- Detached
- Status
- active
- Days on Site
- 30
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- NU STREAM REALTY (TORONTO) INC.
Rarely offered premium lot for a link home! Linked only by the garage on an exceptional 39-ft wide frontage lot which offers privacy and curb appeal of a detached home with abundant natural light throughout the day. Proudly owned and meticulously maintained by the original owner since new in 2002 and never sublet. This solid beautifully renovated home features an elegant entrance foyer, functional layout, direct garage access, and an additional garage door leading to the backyard for added convenience. Over $50,000 of recently invested quality upgrades, including a newly renovated kitchen with premium white quartz countertops; stylish backsplash; 5 brand new Samsung stainless steel appliances. Matching quartz bathroom vanity tops with new sinks, and 3 new Kohler toilets. Newly completed renovations also include a redesigned main floor ceiling with 15 LED pot lights, and fresh paint throughout. The fully finished basement features a 220 sq.ft. acoustically treated entertainment/home theatre room with large built-in bookshelves. Laundry room is reconfigured with new vinyl flooring installed. Move-in ready! Minimal landscaping provides a blank canvas to create your own outdoor vision with endless possibilities. Ideally located in a highly sought-after Richmond Hill Langstaff Community... close to top-rated schools, parks, shopping, restaurant, transit, Go station, Highway 407 & 400, Hillcrest Mall, Vaughan Mill Mall, Wonderland & Medical facilities etc., ***roof has been replaced few years ago**
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
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.
58 Rideau Drive, 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 $665/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 30 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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 $4,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.