$1,338,000 - 308 King Road, Richmond Hill
Townhouse for Sale in Richmond Hill
Neighbourhood: Oak Ridges
- MLS Number
- N13629018
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 22
- Bedrooms
- 3
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
This elegant end unit semi-detached Town built by prestige Fifth Avenue Homes located on King Road boasts luxury, quality finishes, lots of natural lighting and space. The home features 3 bedrooms, 5 bathrooms, a double garage, 4 parking spaces, 2 balconies, gas fireplace, upper level laundry for easy access, modern chef's kitchen, family room, living and dining room, office and a finished basement. With over $200,000 in upgrades, the home is a true gem; 11.3 foot ceilings; extended kitchen cabinets, gold hardware; waterfall island seating 4; Wolf gas range, Subzero fridge; wine cooler; s/s appliances; beautiful custom built unit in dining area; 8' doors, 9' ceilings upper level; upper level laundry for ease with added storage cabinets and sink; built in display shelf; decorative wall coverings; grand stately lighting; 2 electric vehicle power outlets in the garage with added unit and landing for storage; wide plank oak flooring throughout; extra closet with storage cuboards in finished basement; designer window blinds. The location offers an executive lifestyle with golf courses, shopping, parks, health care, education, restaurants, and transit nearby. This is Living at its Finest!
Estimate your monthly payments for this property
Estimated Payment
$5,918.43/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 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.
308 King Road, 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 $669/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 22 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.
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.
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.
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.