$8,800,000 - 7 Maryvale Crescent, Richmond Hill
Detached for Sale in Richmond Hill
Popular Listing- MLS Number
- N13226346
- Property Type
- Detached
- Status
- active
- Days on Site
- 11
- Bedrooms
- 6
- Bathrooms
- 9
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
The Estate at South RichvaleWhere European Artistry, Timeless Luxury, and Unparalleled Living ConvergeAn extraordinary expression of timeless European elegance, The Estate at South Richvale is a palatial residence of unrivaled craftsmanship, gracefully positioned within one of the region's most prestigious enclaves.Masterfully designed and meticulously appointed, this magnificent residence showcases bespoke millwork, intricate architectural ceiling details, rich hardwood flooring, and exquisite imported marble throughout. Offering five lavish bedroom suites and nine luxurious baths, the home is anchored by a spectacular owner's retreat featuring dual couture dressing rooms and a private wellness-inspired spa sanctuary.Designed for both grand-scale entertaining and intimate family living, the estate presents an impressive formal living room and dining salon, a distinguished library of remarkable detail, a sophisticated media lounge, and a world-class gourmet kitchen crafted to host the most discerning gatherings.Beyond the residence, resort-inspired grounds unfold in spectacular fashion. Dine beneath the stars under the elegant lanai, entertain poolside in complete privacy, or stroll through the enchanting European-inspired gardens that frame the estate's breathtaking landscape. A grand circular motor court provides a fitting arrival experience worthy of this exceptional property.Ideally located moments from prestigious private schools, championship golf courses, and exclusive country clubs, The Estate at South Richvale represents a rare opportunity to own one of the area's most distinguished addresses.A world of magnificence awaits.
Estimate your monthly payments for this property
Estimated Payment
$38,925.37/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.
7 Maryvale Crescent, 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 $1760/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.
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 5,000 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 6 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 9 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 $36,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.