$1,578,000 - 73 Riding Mountain Drive, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed yesterday- MLS Number
- N13455570
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- EXP REALTY
Welcome to this beautifully maintained family home in the highly sought-after Jefferson Forest community of Richmond Hill. Featuring 2436 sq. ft. of thoughtfully designed living space, this home offers a bright and functional layout with 9-ft ceilings, hardwood flooring throughout the main and second levels, and pot lights throughout the principal rooms. A rare family-friendly floor plan featuring 4 spacious bedrooms, 2 ensuites, and a semi-ensuite bath on the second level.The updated kitchen showcases quartz countertops, a stylish backsplash, stainless steel appliances, and a spacious breakfast area with a walkout to the backyard. The family room features a cozy fireplace, while the combined living and dining rooms provide the perfect setting for entertaining family and friends. Convenient direct access to the garage completes the main level.Upstairs, the spacious primary retreat offers a walk-in closet and renovated 4-piece ensuite. A second bedroom enjoys its own private ensuite, while the third and fourth bedrooms share a semi-ensuite bath. Convenient second-floor laundry adds to the home's practical and family-friendly layout.The professionally finished basement provides valuable additional living space with a large recreation room, pot lights, durable vinyl flooring, and a separate office or potential fifth bedroom, ideal for working from home, guests, a home gym, or growing families.Enjoy a private backyard perfect for relaxing, entertaining, and family gatherings. The recently sealed driveway enhances the home's curb appeal and pride of ownership.Located in one of Richmond Hill's most desirable neighbourhoods, surrounded by parks, trails, and green space. Close to shopping, restaurants, banks, public transit, and all amenities along Yonge Street. Zoned for top-ranking schoolsMove in and enjoy the perfect combination of space, functionality, and location in one of Richmond Hill's premier family neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$6,980.03/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.
73 Riding Mountain Drive, 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 $789/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.
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 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 $6,575 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.