$1,499,900 - 118 May Avenue, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 7 days agoNeighbourhood: North Richvale
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- MLS Number
- N14082096
- Property Type
- Detached
- Status
- active
- Days on Site
- 7
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2025)
- $9,780
- Listing Brokerage
- HOMELIFE EAGLE REALTY INC.
The Perfect 4+3 Bedroom and 6 Bathroom Detached In Richmond Hill's North Richvale Community* Backing & Siding Onto Ravine* Family Friendly Neighbourhood* Close To Shops On Yonge, HWY's, Entertainment, The GO, Schools & Parks* Premium 50 ft x 125 fT Lot* Oversized Driveway W/ 8 Car Total Parking* Beautiful Curb Appeal W/ All Brick Exterior* Enjoy 3273 Sq Ft Above Grade* Timeless Architecture Includes Smooth 9 FT Ceilings* Property Situated On Premium Elevation* Chef's Kitchen W/ Granite Countertops* All Stainless Steel Appliances* Gas Cooktop* Under Cabinet Lighting* Breakfast Area Opens To Wide Sliding Doors W/O To Sundeck* Natural Gas For BBQ* Family Room W/ Custom Floating Gas Fireplace* Custom Entertainment Wall W/ Bookmatched Tiled Wall* Spacious Main Floor Office Facing Ravine Ultimate Privacy Staircase W/ Iron Pickets* Spacious Primary Bedroom W/ Ravine Views* Oversized Walk in Closet W/ Oraganizers* Spa-Like 6PC Ensuite W Standing Shower* Rain Shower Head* Linear Drain* Glass Enclosure & Custom Tiles From Floor To Ceiling* Dual Vanity & Free Standing Tub* W/ Second Fireplace* All Spacious Bedrooms W/ 3 Full Bathrooms On Second Floor* Roof Reshingled 2026* All New Windows 2015* New AC 2024* New Fireplace 2024* 200 AMP Electrical Panel* EV Charging In Garage* Finished 2 Bedroom Walk Up Basement Apartment W/ Separate Entrance* Separate 1 Bedroom 1 Bath Portion For Home Owner To Enjoy* Perfect Backyard Space* Must See! Don't Miss!
Estimate your monthly payments for this property
Estimated Payment
$6,634.56/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 North Richvale
North Richvale 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 North Richvale
- •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
North Richvale 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.
118 May 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 $500/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.
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.
Larger Home Realities
At 3,000 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 7 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.