$1,399,900 - 231 Centre Street, Richmond Hill
Detached for Sale in Richmond Hill
Neighbourhood: Mill Pond
- MLS Number
- N13463812
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Welcome to luxury living in the heart of Richmond Hill's most sought-after historic neighborhood-Mill Pond. This spectacular, fully renovated residence blends sophisticated modern design with premium craftsmanship, offering an unparalleled turnkey opportunity for discerning buyers.Step inside the main level to find an airy, expansive layout illuminated by sleek LED pot lights and framed by elegant crown molding. The living areas feature gorgeous premium hardwood flooring that flows seamlessly throughout. The heart of the home is the modern kitchen, fully equipped with striking quartz countertops, a matching slab backsplash, and top-of-the-line stainless steel appliances. Every bathroom in the home has been completely reimagined with high-end modern fixtures and custom tile work.The fully finished basement features a separate entrance, offering incredible versatility as a premium in-law suite or multi-generational living space. The lower level mirrors the quality of the main floor, showcasing its own renovated kitchen, stunning hardwood flooring, and bright, inviting living space.Maximizing convenience and privacy, the home is uniquely equipped with separate laundry facilities for both the main floor and the basement.With major capital updates already complete-including newer roof shingles and mostly replaced windows-this home offers ultimate peace of mind. Located just steps from the serene trails of Mill Pond Park, top-tier medical facilities, vibrant local shopping, dining, and some of Richmond Hill's top-ranked schools, this property perfectly captures the essence of upscale suburban living.
Estimate your monthly payments for this property
Estimated Payment
$6,192.23/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.
231 Centre Street, Richmond Hill
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Rental income estimator & ROI calculator
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
Premium Pricing
At $1273/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 15 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.
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.
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.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.