$1,069,900 - 8 Townwood Drive Unit 86, Richmond Hill
Townhouse for Sale in Richmond Hill
New — Listed 3 days ago- MLS Number
- N13445850
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Rarely does a townhome offer this much land, light & lifestyle in one of Richmond Hill's most sought-after communities. Situated on premium 50' x 104' corner lot, this beautifully renovated end-unit is among the largest in the complex, offering over 2,000 sf of thoughtfully designed space. Located in prestigious Jefferson Forest, within the highly regarded Richmond Hill High & St. Theresa school districts, this exceptional residence is just minutes to Yonge St & is surrounded by parks, trails & every urban convenience imaginable. Extensively updated with timeless finishes & modern comforts including new 4-1/4" stained oak hardwood flrs, smooth ceilings on main, 38 LED pot lights, fresh paint & stylish new lighting. The oversized eat-in kitchen showcases modern white cabinetry, stone counters, bay-window eat-in area & brand-new Frigidaire Gallery S/S appliance package including counter-depth fridge, d/w, range hood & 6.2 Cu. Ft. 5-burner slide-in range w/air-fryer function. Expansive open concept living & dining areas flow seamlessly to large private deck w/rust-free aluminum pickets, creating the perfect entertaining space. Versatile upper-level fam rm with gas f/pl & oversized window offers flexibility as media room, home office or potential 4th bdrm. The primary retreat features his & hers W/I closets & 4pc ensuite w/cultured stone counters, premium VOGT rain shower fixtures & backlit de-fog mirror. Two additional bdrms offer large windows & ample closet space. The renovated 4pc hall bath features stone counters, upgraded vanity & stylish 12" x 24" slip-resistant ceramic tile flooring. Additional highlights include no-sidewalk driveway allowing for extra parking, convenient rear garage access to backyard & oversized lot providing privacy, curb appeal & outdoor space seldom found in townhome living. Combining luxury upgrades, a highly functional layout, exceptional land value, and an unbeatable location, this is a rare offering that stands apart from the ordinary.
Estimate your monthly payments for this property
Estimated Payment
$4,732.53/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.
8 Townwood Drive Unit 86, 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 $535/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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Richmond Hill have shown strong appreciation as families seek more space.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.