$2,850,000 - 101 Elgin Mills Road, Richmond Hill
Detached for Sale in Richmond Hill
Popular ListingNeighbourhood: Mill Pond
- MLS Number
- N13491796
- Property Type
- Detached
- Status
- active
- Days on Site
- 10
- Bedrooms
- 5
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- CENTURY 21 PARKLAND LTD.
Experience the grandeur of this palatial custom built estate, an extraordinary opportunity to seamlessly combine luxury living with a distinguished professional home base in one of Richmond Hill's most coveted locations. Live in and Work from home offering over 4,600 sq. ft. above grade, this south-facing executive residence is a masterful showcase of timeless architecture, superior craftsmanship, and refined design. Situated on a 55x 200 foot lot and thoughtfully curated for today's discerning buyer, the home features expansive principal rooms, 10-foot ceilings on the main level, 9-foot ceilings on the second and lower levels, and a breathtaking family room highlighted by a dramatic 20-foot soaring ceiling that creates an unforgettable architectural statement filled with natural light. A striking floating staircase with custom wrought iron railings, a private main-floor library with its own entrance, and an oversized chef-inspired kitchen designed for both grand entertaining and everyday living further elevate this exceptional residence. The recently finished walk-up lower level, complete with a separate entrance, full kitchen, two bathrooms, exceptional street exposure, 13-car parking plus a 2-car garage, offers unparalleled flexibility as a professional office, executive headquarters, multi-generational suite, or income-generating opportunity. Beautifully landscaped grounds provide a private outdoor sanctuary, while the premier location-just moments from Yonge Street, top-ranked schools, parks, fine dining, shopping, and public transit-completes this rare offering, delivering an exceptional lifestyle defined by prestige, sophistication, and uncompromising versatility.
Estimate your monthly payments for this property
Estimated Payment
$12,606.51/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 Mill Pond
Mill Pond 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 Mill Pond
- •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
Mill Pond 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.
101 Elgin Mills Road, 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
Fair Market Value
At $814/sqft, this property is priced in line with current Richmond Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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 3,500 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 7 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.
About Mill Pond
I know Mill Pond well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.