$1,019,000 - 245 Elmwood Avenue, Richmond Hill
Detached for Sale in Richmond Hill
Popular ListingNeighbourhood: Harding
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- MLS Number
- N13824940
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 10,537 sqft
- Taxes (2026)
- $6,438
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Stop Your Search - This Could Be the One! A fantastic opportunity to get into the market with a move-in-ready 2+1 bedroom bungalow on an extra-large lot! Renovated, spacious and full of potential, this home offers the perfect combination of comfortable living today and exciting possibilities for tomorrow.The bright, updated kitchen features plenty of cabinetry, generous counter space and newer appliances. Two well-proportioned bedrooms and a stylish bathroom with a walk-in shower make the main level both practical and inviting. The open-concept living and dining area provides plenty of space for entertaining, relaxing and growing with your family. Then there's the fully finished lower level with a separate entrance - a huge bonus! Featuring above-grade windows that bring in an abundance of natural light, a spacious family room, additional bedroom and newer 4-piece bathroom, the basement offers incredible flexibility. Think in-law suite, guest accommodations, additional family space or potential rental income.The extra-large lot adds another exciting dimension. Whether you enjoy the home as-is or dream about the future, there's plenty of room to explore options such as a second-storey addition or a completely new build down the road.Location? You're going to love it. Walk to the GO Station for an easy commute downtown, stroll to the fantastic restaurants, cafés and shops along Yonge, or jump in the car for all your big-box shopping needs. Everything you need is close by.It's the best of both worlds - a neighbourhood that feels peaceful and almost country-like, while the city is right at your doorstep.Move in. Grow into it. Build on it. The possibilities are endless!
Estimate your monthly payments for this property
Estimated Payment
$4,507.38/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 Harding
Harding 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 Harding
- •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
Harding 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.
245 Elmwood 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
Premium Pricing
At $1456/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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Harding
I know Harding 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 $4,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.