$1,499,000 - 36 Hall Street, Richmond Hill
Detached for Sale in Richmond Hill
Popular ListingNeighbourhood: Mill Pond
- MLS Number
- N13564100
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX EXCEL REALTY LTD.
Excellent Investment Opportunity in Richmond Hill's Prestigious Mill Pond Community! This exceptional unique legal Duplex with an additional third In-Law Suite. A rare find property with two separate front doors side by side to main and 2nd floor' units with a walk-up separate Basement Unit on the side. Upper and Lower Units currently being rented to marvelous tenants for more than 4 and 14 years. One could generate possibly and easily a market rental value of $6,000 per month with all 3 units making it ideal for investors or homeowners. Lots of natural light throughout main and second floor. Two bright spacious 2-bedroom units on the main and second floor. 1 bedroom with Den Basement unit has above grade windows. furnace (2023) and roof (2022). Set on a 62.5" x 90" lot, the property offers plenty of space, with garden shed, each unit is organized with its own garbage cabinet unit. A standout feature to green space and community amenities. Enjoy the convenience of being within walking distance to Mill Pond, scenic trails, and beautiful parks. Right behind Performance Art Centre on Yonge St and its Transits. Just Minutes to Mackenzie Health Hospital, Richmond Hill Library, top-rated Alexander Mackenzie High School, French Emerson school one block away, shopping, restaurants, and more! Don't miss this rare opportunity to own a versatile, income-generating property in one of Richmond Hills most sought-after neighborhoods!
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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 Mill Pond
Mill Pond 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 Mill Pond
- •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
Mill Pond 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.
36 Hall 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 $750/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.
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 5 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 Mill Pond
I know Mill Pond 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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.