$2,888,888 - 51 Meteorite Street, Richmond Hill
Detached for Sale in Richmond Hill
Neighbourhood: Observatory
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- N13770154
- Property Type
- Detached
- Status
- active
- Days on Site
- 27
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2025)
- $12,986
- Listing Brokerage
- CENTURY 21 LANDUNION REALTY INC.
**Luxury Rare Found Rear 70' Wide Backyard**Nestled in the prestigious and highly sought-after Observatory Hill Neighborhood, this exceptional home features over $500K in upgrades-nothing here is standard. Offering 4,386 sqft above grade, plus a HEATED basement with oversized upgraded windows, this residence is thoughtfully designed for luxury, comfort, and functionality. The exceptional open-concept layout features 10ft ceilings on the main floor and 9ft ceilings on the 2nd floor and basement, LED pot lights, and premium 7-inch hardwood flooring throughout. Automatic Toto Toilet for Powder Rm, Primary Ensuite & 2nd Ensuite. Custom aluminum blast-resistant front door and rear-yard double door with blast-resistant glass.The chef-inspired kitchen showcases a HEATED floor, custom ceiling-height cabinetry, top-of-the-line built-in appliances including a Wolf gas cooktop,42" Sub-Zero refrigerator/freezer, Wolf steamer and oven, built-in microwave, dishwasher, and beverage fridge. Elegant porcelain waterfall countertops and a matching porcelain backsplash add a sophisticated finish. A stunning double-sided fireplace wrapped in porcelain creates a seamless focal point between the kitchen and family room, offering warmth and elegance. The spacious primary bedroom features a customized walk-in closet. The luxurious primary ensuite includes a frameless glass oversized shower, and HEATED flooring. A large retreat room provides exceptional flexibility can be used as a gym, second closet, private office, or additional living space. The 2nd and 3rd bedrooms feature 10ft ceilings and floor-to-ceiling windows, providing an abundance of natural light. A spacious third-floor loft offers a luxurious bar area and walk-out access to a large private terrace-ideal for entertaining or relaxing.The 70-ft-wide oversized backyard offers tremendous potential for outdoor living, landscaping, entertaining, or future possibilities.The basement also presents the potential for a walk-up basement.
Estimate your monthly payments for this property
Estimated Payment
$12,778.52/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 Observatory
Observatory 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 Observatory
- •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
Observatory 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.
51 Meteorite Street, Richmond Hill
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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
Fair Market Value
At $825/sqft, this property is priced in line with current Richmond Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 27 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 3,500 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.
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 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.