$2,999,000 - 76 Elm Grove Avenue, Richmond Hill
Detached for Sale in Richmond Hill
35 days on market- MLS Number
- N13127560
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 4
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to the prestigious community of Oak Ridges in Richmond Hill, where luxury meets timeless design at 76 Elm Grove Ave. This custom-built masterpiece offers over 6,500 sq ft of refined living space, crafted with exceptional attention to detail, quality, and finish throughout. Situated on a rare 75 x 203 ft lot, this stunning home features 4 spacious bedrooms and 6 luxurious bathrooms, with grand principal rooms designed for both elegant entertaining and comfortable family living. Soaring ceilings, pot lighting throughout, rich hardwood flooring, and three fireplaces create a warm yet sophisticated atmosphere. The heart of the home is a designer custom kitchen, complemented by a butler's servery and a spacious walk-in pantry, perfect for hosting and everyday functionality. Additional highlights include walk-in closets, 2nd floor laundry, and seamless flow throughout the home. Step outside to your private backyard oasis, complete with a stone patio, saltwater pool with waterfall, and a large cabana with wet bar-an ideal setting for summer entertaining. Surrounded by lush landscaping and mature greenery, this property offers unmatched privacy and tranquility. The home's exterior showcases custom natural stone, Venetian stucco, and elegant mouldings, delivering exceptional curb appeal. A three-car garage, irrigation system, and premium craftsmanship further elevate this remarkable residence. Located just minutes to top-rated schools, community centres, libraries, nature trails, shopping, GO Transit, and major highways, this home offers both luxury and convenience in one of Richmond Hill's most sought-after neighbourhoods. A rare opportunity to own a truly exceptional home.
Estimate your monthly payments for this property
Estimated Payment
$13,265.59/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.
76 Elm Grove Avenue, 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 $857/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 35 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.
Larger Home Realities
At 3,500 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
Bathroom Count Matters
With 6 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.