$1,888,888 - 75 Canoe Court, Richmond Hill
Detached for Sale in Richmond Hill
- MLS Number
- N13231274
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- INTERCITY REALTY INC.
REMARKS FOR CLIENTS (2000 characters)nearly 3,180 sq ft of beautifully finished living space this is the lifestyle opportunity you've been waiting for. Welcome to this luxurious, recently renovated home set in one of Richmond Hill's most desirable neighbourhoods. Featuring 9-ft ceilings on the main floor, this beautifully upgraded residence offers a bright open-concept layout with hardwood flooring throughout and expansive windows that drench the home in natural sunlight. The custom chef's kitchen is the heart of the home, showcasing updated quartz countertops, custom cabinetry, and an oversized island-perfect for gathering, entertaining, and everyday living-along with a walkout to the deck. Enjoy stunning west-facing sunsets from your backyard patio overlooking the beautiful protected ravine, offering unmatched privacy and a peaceful natural setting rarely found this close to the city. Upstairs, you'll find four spacious bedrooms, including a stunning primary retreat with double walk-in closets and a spa-like 5-piece ensuite. Additional bedrooms offer ample space and comfort, with well-appointed bathrooms throughout. A standout feature of this home is the recently added, city-approved walkout basement with a private entrance, offering a fully finished one-bedroom suite complete with kitchen, living area, 3-piece washroom, and its own ensuite laundry-ideal for extended family, in-law living, or excellent income potential. Additional features include a double car garage with built-in access, central vacuum, updated finishes, and a private driveway with ample parking. Located just minutes to Lake Wilcox, scenic trails, parks, shopping, top-rated schools, and major highways. A rare opportunity to own a turn-key ravine property with income potential in a quiet, family-friendly enclave-homes like this don't come up often.
Estimate your monthly payments for this property
Estimated Payment
$8,355.19/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.
75 Canoe 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
Fair Market Value
At $944/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.
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 $7,870 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.