$1,498,888 - 6 Penny Place, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13225862
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Imagine waking up each morning surrounded by the tranquility of nature *yet still being within easy reach of all the amenities in the city *This extraordinary property is nestled in the heart of Richmond Hill's most desirable neighborhood and backs on East Humber River *A unique charm offers the perfect blend of environmentally protected country living and urban convenience *The interior of this distinctive family residence is a haven of warmth and charm *featuring combined dining and living rooms illuminated by south-facing pictures windows and complemented by oak hardwood flooring throughout *The family-sized breakfast area provides seamless access to a full-sized deck ideal for outdoor entertaining *while the custom-built wood-burning fireplace of this home adds a cozy touch *The staircase is a showstopper highlighted by a tall picture window perfect for enjoying sunset views. *Additional highlights of this property include a raised cedar deck offering additional space for outdoor gatherings *The detached garage provides an ample space of versatile workshop area *The main bathroom features a luxurious large Jacuzzi tub complemented by a built-in vanity with a porcelain sink and elegant Hollywood-style globe lighting *With its excellent transportation options including YRT bus service and GO stations *Award-winning community centres *excellent educational facilities *Essential Amenities-Medical Centre /Grocery Stores /Cafes & Restaurants are steps away *This family-friendly community is the perfect place to call home and enjoy the best of both worlds.
Estimate your monthly payments for this property
Estimated Payment
$6,630.08/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.
6 Penny Place, 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 $999/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.
Market Position
At 16 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 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 $6,245 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.