$2,990,000 - 58 Spruce Avenue, Richmond Hill
Detached for Sale in Richmond Hill
103 days on market- MLS Number
- N12858648
- Property Type
- Detached
- Status
- active
- Days on Site
- 103
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- EXP REALTY
An exceptional custom-built luxury residence set on an expansive 45 x 240 ft premium lot in the heart of prestigious South Richvale, surrounded by distinguished multi-million-dollar estates. This bright, south-facing home presents an elegant natural stone exterior and refined architectural presence, complemented by soaring 10-foot ceilings on the main level and 9-foot ceilings above. Thoughtfully designed interiors showcase impeccable craftsmanship, featuring a bespoke gourmet kitchen with an oversized centre island, granite countertops, and integrated high-end appliances, seamlessly flowing to a walk-out breakfast area and private patio. Rich hardwood, limestone, and marble flooring anchor the home's sophisticated aesthetic, enhanced by extensive wainscoting, chair rail detailing, skylight, and three beautifully appointed fireplaces. A custom-designed office with coffered ceiling and built-in shelving offers an ideal executive workspace. The professionally finished walk-up basement is filled with natural light and includes above-grade windows, a generous L-shaped recreation area, additional bedroom, and full bathroom, perfect for extended family or entertaining. Additional highlights include a rare tandem three-car garage, interlock driveway and patio, heated floors, built-in furnishings, sprinkler and alarm systems, and abundant pot lighting throughout. Ideally positioned within walking distance to Yonge Street, top-ranked schools, public transit, and just minutes to Highway 407, this residence delivers refined luxury living in one of Richmond Hill's most coveted enclaves.
Estimate your monthly payments for this property
Estimated Payment
$13,225.78/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.
58 Spruce Avenue, Richmond Hill
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $854/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 103 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 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 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.