$2,998,000 - 176 Old Surrey Lane, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed todayNeighbourhood: South Richvale
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- MLS Number
- N13871112
- Property Type
- Detached
- Status
- active
- Days on Site
- 0
- Bedrooms
- 6
- Bathrooms
- 8
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2025)
- $16,126
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to 176 Old Surrey Lane, a rare custom home situated on a stunning 72' x 166' lot in Richmond Hill's most prestigious enclave, South Richvale. Offering a sprawling approx 5,000 sq ft above grade, this solid residence provides grand architectural scale and a perfect canvas to be reimagined into your absolute dream estate. Enjoy a dedicated main floor office and the rare convenience of a main floor nanny/in-law suite featuring an ensuite bath and private separate entrance. A majestic circular drive and 3-car garage lead to a breathtaking 18ft foyer with granite floors. The heart of the home is a massive kitchen & breakfast area anchored by a centre island beneath large double skylights with a spectacular built-in 70/24 custom aquarium.The finished basement features a separate entrance, full kitchen, 2 beds, 2+1 baths, and asauna'!An investor & end-user's dream!
Estimate your monthly payments for this property
Estimated Payment
$13,261.17/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 South Richvale
South 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 South 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
South 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.
176 Old Surrey Lane, 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 $857/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.
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 3,500 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 6 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 8 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.