$3,700/mo - 11 Penny Place, Richmond Hill
Detached for Rent in Richmond Hill
New — Listed 5 days agoNeighbourhood: Oak Ridges
- MLS Number
- N13691758
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 4
- Bathrooms
- 6
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Live in Cottage country in the city surrounded by nature from 3 sides. This is the last home on a cul de sac, with a beautiful panoramic view of the conservation area adjacent. Huge backyard to enjoy, and only one neighbour make this the ultimate private property. Renovated home with 2 large bdrms on the second floor, and 2 more in bright above ground basement. A full washroom on each level! Well laid out with comfortable living space and lots of storage. Fabulous decks both in the front and the backyard. Detached garage and garden shed for storage. Minutes from Yonge street, retail and transportation, and minutes from the highway. Excellent schools and lovely neighbourhood.
Discover Oak Ridges
Oak Ridges 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 Oak Ridges
- •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
Oak Ridges 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.
11 Penny Place, Richmond Hill
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $3,700/mo, this is priced below the typical 4-bedroom rent of ~$4,200/mo in Richmond Hill. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
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.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
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.