$1,888,000 - 27 Addison Street, Richmond Hill
Detached for Sale in Richmond Hill
Neighbourhood: North Richvale
- MLS Number
- N13241692
- Property Type
- Detached
- Status
- active
- Days on Site
- 28
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RIGHT AT HOME REALTY
ABSOLUTELY TOP SCHOOLS: St. Theresa of Lisieux Catholic High School 9.9/10 ratings!!!! and Alexander Mackenzie High School 9.3/10 rating school!! St. Anne Catholic Elementary School 8.9/10 ratings!!! Perfect for your family and kids!!! Welcome to the famous quiet Addison St, Huge Lot 50.02x120. Total living space area more than 5000 sq ft. 1st and 2nd floor total of 3242 sq ft! Also Well Maintained Stunning & Bright Spacious Rooms**Delightful, this Detached House offers 5+2 bedrooms, 5 washrooms with a finished Walk-out Basement, sauna in basement and full washroom included. There is beautiful moonlight going up to 2nd floor! Walking Distance 100 m to Yonge St. The family room and basement each have a gas fireplace. This beautiful detached house surrounded by multimillion-dollar homes in a quiet residential street. Oversized modern kitchen, with premium quartz countertops and morden stainless steel appliances. The upper floor offers total 5 bedrooms / 3 full bathrooms, Includes a spacious master suite with a renovated luxurious 5-piece ensuite bathroom, each feature hardwood floors and large windows. Professionally finished walk-out basement serves as a versatile living space complete with 2 rooms, and a full bathroom. This rarely offered residence is located on a quiet crescent in the heart of Richmond Hill. Featuring an interlocked driveway and beautifully landscaped front yard, this home offers strong curb appeal and timeless elegance. The main floor features an open-concept living and dining area with hardwood floors throughout, pot lights, detailed mouldings, wainscotting, and large windows overlooking both the front and back yards. The family room with fireplace and walk-out to the backyard connects seamlessly to an upgraded kitchen complete with custom cabinetry, granite countertops. Close to parks, shopping, transit, and Hwy 404/407.
Estimate your monthly payments for this property
Estimated Payment
$8,351.26/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.
27 Addison Street, 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 $629/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 28 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 3,000 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 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.