209 Hillsview Drive, Richmond Hill

Price: $2,798,000

4 bedrooms, 5 bathrooms

3,500 - 3,999 sqft

Property Type: Detached

MLS#: N13749490

Exceptional 4-Year-New Luxury Residence by Regal Crest in Prestigious Observatory Hill! This beautifully designed home offers refined craftsmanship, premium finishes, and turnkey living in one of Richmond Hill's most sought-after family communities. Featuring 10' ceilings on the main floor, hardwood flooring throughout, elegant tray ceilings with crown moulding, LED cove lighting, and extensive upgrades.The bright, open-concept layout is ideal for both everyday living and entertaining. The designer chef-inspired kitchen showcases premium WOLF & SUB-ZERO appliances, including a 6-burner gas range and ASKO dishwasher, complemented by full-height cabinetry and quartz countertops. The spacious great room features a gas fireplace and south-facing exposure, creating a warm and inviting atmosphere filled with natural light.The home offers generously sized bedrooms with upgraded closet organizers. The luxurious primary retreat features a 5-piece ensuite and dual walk-in closets, while a second bedroom includes its own ensuite-perfect for family or guests.A full unfinished basement with 9' ceilings provides excellent potential for future customization and additional living space. Additional features include a 200-amp electrical panel, central air conditioning, modern furnace, air exchange system, and a spacious 3-car garage with high ceilings and built-in storage potential.Ideally located close to parks, top-ranked schools including Bayview Secondary School, Richmond Hill Montessori School, GO Transit, major highways, shopping, dining, and everyday amenities.A rare opportunity to own a modern, move-in-ready luxury home in the prestigious Observatory Hill community.

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$2,798,000 - 209 Hillsview Drive, Richmond Hill

Detached for Sale in Richmond Hill

31 days on market

Neighbourhood: Observatory

4Beds
5Baths
3,500 - 3,999Sq Ft
Detached

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Property Details
MLS Number
N13749490
Property Type
Detached
Status
active
Days on Site
31
Bedrooms
4
Bathrooms
5
Square Feet
3,500 - 3,999 sqft
Neighbourhood
Richmond Hill
Taxes (2025)
$12,950
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Exceptional 4-Year-New Luxury Residence by Regal Crest in Prestigious Observatory Hill! This beautifully designed home offers refined craftsmanship, premium finishes, and turnkey living in one of Richmond Hill's most sought-after family communities. Featuring 10' ceilings on the main floor, hardwood flooring throughout, elegant tray ceilings with crown moulding, LED cove lighting, and extensive upgrades.The bright, open-concept layout is ideal for both everyday living and entertaining. The designer chef-inspired kitchen showcases premium WOLF & SUB-ZERO appliances, including a 6-burner gas range and ASKO dishwasher, complemented by full-height cabinetry and quartz countertops. The spacious great room features a gas fireplace and south-facing exposure, creating a warm and inviting atmosphere filled with natural light.The home offers generously sized bedrooms with upgraded closet organizers. The luxurious primary retreat features a 5-piece ensuite and dual walk-in closets, while a second bedroom includes its own ensuite-perfect for family or guests.A full unfinished basement with 9' ceilings provides excellent potential for future customization and additional living space. Additional features include a 200-amp electrical panel, central air conditioning, modern furnace, air exchange system, and a spacious 3-car garage with high ceilings and built-in storage potential.Ideally located close to parks, top-ranked schools including Bayview Secondary School, Richmond Hill Montessori School, GO Transit, major highways, shopping, dining, and everyday amenities.A rare opportunity to own a modern, move-in-ready luxury home in the prestigious Observatory Hill community.

Mortgage Calculator

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Estimated Payment

$12,376.50/mo

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5-yr fixed avg.

Principal: $2,238,400Interest: $1,474,549
Mortgage Amount$2,238,400
Total Interest$1,474,549
Est. Property Tax$1,982/mo
Total Cost$3,712,949

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.

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Neighbourhood Guide: Observatory

Discover Observatory

Observatory 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 Observatory

  • •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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Observatory 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.

70
Walk Score
Varies
Price Range

209 Hillsview Drive, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,050/mo
Range: $3,443 - $4,658
Cap Rate (ROI)
0.6%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,050
Maintenance Fees-$0
Property Tax (est.)-$1,982
Insurance (est.)-$583
Net Cash Flow+$1,485

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $799/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.

Market Position

At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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.

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 5 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.

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    209 Hillsview Drive, Richmond Hill | $2,798,000 | Battaglia Team