$3,488,000 - 88 Moray Avenue, Richmond Hill
Detached for Sale in Richmond Hill
39 days on market- MLS Number
- N13084346
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX EXPERTS
Discover luxury living at its finest with this custom-built residence at lucky #88 Moray Ave, a brand-new property just steps from the serene Lake Wilcox! This stunning home offers 4939 Square Feet of above grade, plus a 1775 Square Feet Fully finished walk-out basement, providing an ideal balance of spaciousness and elegance. Designed with comfort in mind, the home is equipped with dual furnaces and AC units, and features four fireplaces for added warmth and ambiance. An elevator serves all levels of the home, making it easily accessible (Handicapped accessible).The tandem garage offers parking for up to three cars + long interlocked driveway and no sidewalk for additional parking and privacy, while the main and basement levels boast 10-foot ceilings, hardwood floors, built-in speakers, and exquisite millwork throughout. The open-concept bright layout and large balcony creates a welcoming atmosphere, perfect for both family living and entertaining.The gourmet kitchen is a chef's dream, featuring a massive island, high-end Thermador appliances, a six-burner gas stove, a panelled fridge, and custom cabinetry with lots of storage, porcelain countertops and matching backsplash. A private home office with custom cabinetry provides an ideal workspace.Each of the spacious bedrooms includes an ensuite and walk-in closet, ensuring privacy and convenience for every member of the family. The luxurious primary suite is a retreat of its own, complete with heated floors in the ensuite, a cozy sitting area with a fireplace, coffered ceilings, a private balcony, and double walk-in closets.The bright, walk-out basement offers a fantastic space for entertaining, featuring a large recreation area, wet bar with bar fridge, a gas fireplace, an additional bedroom, and ample storage.With its blend of sophistication, comfort, and proximity to nature, this exceptional home offers the ultimate in luxury living near Lake Wilcox. Don't miss your opportunity to own this one-of-a-kind property!
Estimate your monthly payments for this property
Estimated Payment
$15,428.60/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.
88 Moray Avenue, Richmond Hill
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $698/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 39 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 5,000 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.
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 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.