$998,000 - 3 Chao Crescent, Richmond Hill
Townhouse for Sale in Richmond Hill
Neighbourhood: Oak Ridges
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- MLS Number
- N13770998
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 26
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2026)
- $4,994
- Listing Brokerage
- SMART SOLD REALTY
Welcome To This Beautifully Designed 2-Storey Freehold Townhouse That Offers The Feel And Privacy Of A Semi-Detached Home, With The Homes Connected Only At The Garage And One Side Fully Open. Offering Approximately 2,125 Sq. Ft. Of Total Living Space, This Spacious 3-Bedroom Home Features A Bright And Inviting Layout Perfect For Family Living. The Main Floor Features Soaring 9-Foot Ceilings, A Bright And Spacious Open-Concept Layout, Cozy Fireplace, And A Well-Appointed Kitchen With Granite Countertops. The Generous Primary Bedroom Offers A Large Walk-In Closet And Private Ensuite, While The Convenient Second-Floor Laundry Makes Everyday Living A Breeze. The Finished Basement Provides Valuable Additional Living Space, Complete With A Bedroom And Full Bathroom, Ideal For Guests, In-Laws, Or Extended Family, With Potential For A More Separate Living Arrangement. The Fully Fenced Yard Is Perfect For Family Enjoyment. Recently Painted Throughout, With A New Hot Water Tank Replaced Recently, This Home Is Move-In Ready And Well Maintained. Ideally Situated Near Parks, Trails, Lake Wilcox, Highly Ranked Schools, Community Centres, Golf Courses, And Public Transit, With A Very Short Drive To Both Highway 404 And Highway 400. This Home Combines An Outstanding Location With Comfort, Style, And Everyday Convenience - A Wonderful Opportunity For Families Looking For A Beautiful Home In A Desirable Community.
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
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 Oak Ridges
Oak Ridges 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 Oak Ridges
- •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
Oak Ridges 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.
3 Chao Crescent, 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 $665/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 26 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Richmond Hill have shown strong appreciation as families seek more space.
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 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 Oak Ridges
I know Oak Ridges 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.