$1,488,000 - 61 Lawnwood Court, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 5 days ago- MLS Number
- N13418086
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- KAMALI GROUP REALTY
Rare-Find!! Pie-Shaped Lot Located On Low-Traffic Cul-De-Sac!! ~95ft Wide At Rear!! 6,382Sqft Lot!! Walkout Basement Apartment!! Top Rated Schools!! 2,369Sqft Living Space (1,332Sqft+1,037Sqft)! 3+2 Bedrooms & 3 Bathrooms, Open Concept Kitchen With Centre Island, Walkout To Elevated Backyard Deck From Dining Room Addition, Primary Bedroom With 4pc Ensuite, Finished Walkout Basement Apartment, 2 Separate Washers & Dryers, Widened Driveway + Garage, No Sidewalk, Low-Traffic Court, Mins To Top Rated Schools-Lauremont School(Formerly TMS), 10 Mins To Holy Trinity Private School, Beverley Acres & Michaelle Jean French Emersion, St Marguerite D'Youville, St. Charles Garnier, St. Theresa Of Lisieux, Alexander Mackenzie High School IB, Steps To St Mary Immaculate, Minutes To Mackenzie Health Hospital, Richmond Hill GO-Station, Steps From Yonge St
Estimate your monthly payments for this property
Estimated Payment
$6,581.93/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.
61 Lawnwood Court, 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
Premium Pricing
At $1353/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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 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 $6,200 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.