$1,025,000 - 84 Riley Reed Lane, Richmond Hill
Townhouse for Sale in Richmond Hill
31 days on market- MLS Number
- N13141012
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 31
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- KELLER WILLIAMS EMPOWERED REALTY
Benefit from an exceptional location near TOP-RANKED schools, including Richmond Green Secondary and Thornlea Secondary. Welcome to this exquisite three-storey townhome in the highly sought-after Richlands community, masterfully crafted by award-winning Arista Homes. Daily essentials are within easy reach, minutes to Costco, Walmart, and Sobeys. Commuting is effortless with quick access to Highway 404, 7 minutes to Gormley, and close to Richmond Hill GO Stations and major transit routes. This residence showcases refined family living, blending modern architectural excellence with the warmth of a vibrant Rural Richmond Hill neighborhood. The interior is defined by soaring 9-foot ceilings on both the main and upper levels, creating a bright and airy atmosphere throughout. The chef-inspired kitchen offers a quartz countertop and island, stylish backsplash, upgraded cabinetry, Italian tile flooring, and upgraded appliances, including fridge, stove, hood fan, dishwasher, washer, and dryer. Upgraded faucets and mixers add a refined touch. The open-concept layout flows to a large private balcony, perfect for relaxing or entertaining. The second level features three spacious bedrooms and two full bathrooms with double showers, plus an upgraded powder room sink and economy flush tanks. Nearby, Richmond Green Sports Centre and Park offers year-round recreation with sports fields, trails, and community facilities, while the future North Leslie Community Park East will further enrich the area with expanded green space and outdoor amenities. A rare opportunity to enjoy elevated living in one of Richmond Hill's most desirable communities. This is one you won't want to miss!
Estimate your monthly payments for this property
Estimated Payment
$4,533.92/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.
84 Riley Reed Lane, 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 $683/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.
Market Position
At 31 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.
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 $4,271 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.