$2,265,000 - 52 May Avenue, Richmond Hill
Detached for Sale in Richmond Hill
Popular ListingNeighbourhood: North Richvale
- MLS Number
- N13478146
- Property Type
- Detached
- Status
- active
- Days on Site
- 14
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- FARIS TEAM REAL ESTATE BROKERAGE
Top 5 Reasons You Will Love This Home: 1) Enjoy this rare premium corner lot with a large frontage, beautiful mature trees and endless opportunities to build a stunning new custom home, or enjoy as is, and redesign in the future 2) Featuring 4+1 bedrooms and 2,382 square feet of finished living space, this home offers plenty of room for the entire family, while the versatile lower level is equipped with a second kitchen, adding incredible flexibility, perfect for in-laws, extended family, or an excellent investment opportunity 3) Move-in ready and brimming with potential, this home showcases the flexibility to settle in comfortably, while updating at your own pace, or re-imagine the space entirely to bring your dream vision to life 4) Situated in a prime Richmond Hill location, close to Hillcrest Mall, Richvale Community Centre, Mackenzie Health Centre, schools, and Richmond Hill Golf Club, plus convenient access to Highway 404 and Highway 407, and all the amenities, transit, and restaurants that Yonge Street offers 5) The front yard offers a peaceful space while the treed backyard is a true retreat for hosting summer barbeques, relaxing with a morning coffee, or relaxing by a future pool, creating boundless potential and possibilities. 1,617 above grade sq.ft. plus a finished basement.
Estimate your monthly payments for this property
Estimated Payment
$10,018.86/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 North Richvale
North 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 North 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
North 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.
52 May Avenue, Richmond Hill
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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
Premium Pricing
At $1510/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 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 3 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 North Richvale
I know North 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 $9,438 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.