$1,998,000 - 76 Spruce Avenue, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 2 days ago- MLS Number
- N13435044
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- INTERCITY REALTY INC.
57.92 X 241.64, APPROX. 14,000 SQ.FT RARE PREMIUM LOT IN SOUTH RICHVALE. RENOVATOR DREAM/BUILDER DREAM. Set on a generous lot with endless potential, this custom-built in 1980 home offers a solid foundation for your dream renovation. The expansive backyard is ready for your vision, whether that's a lush garden oasis, a dream pool, or both. An enclosed garden patio with a covered porch welcomes you home. Inside, the main entrance features elegant limestone flooring that flows toward a striking oak staircase spanning from basement to second floor. The main floor laundry room is thoughtfully appointed with upper cabinetry, a lower vanity with quartz countertop with an undermount sink. A conveniently located 3-piece washroom off the laundry room offers added privacy with direct access to the side yard. Walk-outs from both the kitchen and family room lead to a concrete covered porch overlooking the backyard. The basement impresses with its own separate entrance from the garage, a dramatic floor-to-ceiling wood-burning fireplace with stone hearth, open-concept layout, three large cantinas, ample storage, and a generous common area at the staircase landing. Upstairs, four bedrooms are complemented by a spacious open hallway with a gracious open-to-below feature. Sliding doors lead from the upper hall to a flat rooftop above the garage, a possible standout bonus space unique to this property. This home offers you a perfect lot to build your future custom built home or renovate with your own designer finishings. Surrounded by many newly custom built luxury homes, top-rated schools, parks, shopping, transit and walking distance to Hillcrest Mall and much more!
Estimate your monthly payments for this property
Estimated Payment
$8,837.83/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 Spruce 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
Competitive Pricing
At $799/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.
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 3 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 $8,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.