$1,170,000 - 98 Lowther Avenue, Richmond Hill
Townhouse for Sale in Richmond Hill
127 days on market- MLS Number
- N12781262
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 127
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HOMELIFE EAGLE REALTY INC.
The Perfect 4+1 End Unit Freehold Townhouse * Extended Driveway * Finished Separate Basement With Amazing Rental Potential * Bright And Spacious Layout Featuring Distinct Living, Dining & Kitchen Areas * Sun-Filled Layout * Chef's Kitchen With Modern Cabinetry * Quartz Counters With Matching Backsplash And High-End Stainless Steel Appliances & Modern Faucet * Expansive Centre Island With Seating Area * Large Breakfast Area With Walk-Out To Private Backyard * Family Room Featuring A Stunning Floor-To-Ceiling Stacked Stone Gas Fireplace * Primary Bedroom With Walk-In Closet And Elegant Spa-Inspired Ensuite Featuring Corner Soaker Tub, Floating Vanity With Vessel Sink & Glass Shower * Full Laundry Room With Side-By-Side Front Loading Washer & Dryer + Sink On 2nd Floor * Spacious Multi-Entertainment Den On Second Floor * Spacious Bedrooms * Separate Basement Unit With Full Kitchen, Living & Dining Room With 3PC Bathroom And Separate Laundry * Perfect For In-Laws Or Rental Income * Fenced & Private Backyard * No Sidewalk Through Driveway * Located In The Highly Sought-After Oak Ridges Community, * Just Steps To Parks, Trails & Top-Rated Schools, the Easy Access To Transit, Major Highways And Scenic Outdoor Recreation At Lake Wilcox Park And Meander Park, Making It Ideal For Families Or Active Lifestyles.
Estimate your monthly payments for this property
Estimated Payment
$5,175.30/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.
98 Lowther 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 $585/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.
Negotiation Opportunity
At 127 days on site, this property has exceeded the typical selling timeline for Richmond Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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 4 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 $4,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.