$1,588,000 - 29 Westwood Lane, Richmond Hill
Detached for Sale in Richmond Hill
Popular ListingNeighbourhood: South Richvale
- MLS Number
- N13492094
- Property Type
- Detached
- Status
- active
- Days on Site
- 11
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HOMELIFE/BAYVIEW REALTY INC.
Exceptional opportunity in prestigious South Richvale, situated on a premium oversized corner lot surrounded by multi-million dollar homes. This beautifully renovated bungalow offers outstanding versatility for end users, investors, or future redevelopment potential (buyer to verify all aspects independently including zoning and development feasibility).The main floor features a bright open-concept layout with hardwood floors, pot lights, and a renovated kitchen with granite countertops, stainless steel appliances, and ceramic flooring. Spacious principal rooms and a functional layout provide comfortable family living, including a primary bedroom with ensuite and additional well-sized bedrooms.The fully finished lower level offers two self-contained in-law suites, each with separate kitchens, bathrooms, laundry facilities, and private living areas. One suite includes 2 bedrooms, while the second offers 1 bedroom, both with large windows and excellent income potential.Professionally landscaped grounds include an interlock stone driveway and walkways with ample parking. Additional features include a fenced private yard, wired surveillance system, and energy-efficient upgrades including foam insulation. Move-in ready condition throughout.Prime location just steps to Yonge Street, transit, parks, schools, shopping, restaurants, and major highways.
Estimate your monthly payments for this property
Estimated Payment
$7,024.26/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 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.
29 Westwood 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
Premium Pricing
At $1444/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.
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 4 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.
About South Richvale
I know South Richvale 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 $6,617 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.