$1,688,888 - 72 Headwater Crescent, Richmond Hill
Detached for Sale in Richmond Hill
Popular Listing- MLS Number
- N13206496
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- SMART SOLD REALTY
Rare Premium Ravine Lot Backing Onto Forest And Creek, Offering Exceptional Privacy In The Highly Sought-After Oak Ridges Community. Approx. 2,900 Sq Ft Above Grade With Nearly 3,800 Sq Ft Of Total Living Space, This 3-Storey Home Features 6 Bedrooms And 5 Bathrooms, Ideal For Multi-Generational Living. Grand Double-Height Foyer With Open-To-Above Ceiling Creates An Impressive Entrance, Complemented By Custom Wall Moulding And A Bright Open-Concept Main Floor. Enjoy Multiple Outdoor Spaces Including Two Large Decks Overlooking The Ravine, Perfect For Relaxation And Entertaining. A Unique Ground-Level Studio Suite With Separate Entrance, Kitchen, 4-Piece Bath And Garage Access Adds Flexible Living Options. The Walk-Out Basement Features A Self-Contained One-Bedroom Apartment With Separate Entrance, Kitchen, Laundry And Above-Grade Windows, Offering Excellent Income Potential. Beautifully Landscaped Backyard With Gazebo Featuring Fireplace, Gas Line And Sink. Approximately $200K Spent On Upgrades In 2024. Conveniently Located Near Lake Wilcox, Trails, Parks, Schools And Amenities.
Estimate your monthly payments for this property
Estimated Payment
$7,470.52/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.
72 Headwater 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
Competitive Pricing
At $676/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.
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 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 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.
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 $7,037 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.