$889,900 - 56 Penwick Crescent, Richmond Hill
Townhouse for Sale in Richmond Hill
43 days on marketNeighbourhood: North Richvale
- MLS Number
- N13553734
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 43
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RIGHT AT HOME REALTY
Located on one of the most desirable streets in Richmond Hill, this warm and inviting home is just a short stroll to Yonge Street, offering convenient access to shopping, public transit, Hillcrest Mall, public and Catholic elementary schools, a community centre with a swimming pool, beautiful parks, scenic walking trails along the stream, and a popular dog park.Lovingly maintained and extensively renovated, the home underwent a major transformation approximately 10 years ago. Nearly every aspect of the interior and exterior was updated, including a spacious kitchen, quality flooring, smooth ceilings, interior doors, trim, finishes, and much more.This home offers three full bathrooms, providing exceptional convenience for families and guests alike.Major mechanical updates have been completed within the last three years, including the furnace, central air conditioner, and a fully owned hot water tank. The roof shingles were replaced approximately five years ago, offering added peace of mind for years to come.The bright, west-facing layout fills the home with natural afternoon and evening sunlight. From the main living area, enjoy views of the beautifully landscaped backyard featuring extensive interlocking stonework, a natural gas BBQ line, and a private patio-perfect for outdoor entertaining.The finished basement apartment with a separate entrance offers excellent potential as an in-law suite, nanny suite, or additional living space.The driveway comfortably accommodates up to five vehicles, making this home as practical as it is beautiful.This is a home that truly needs to be seen to be appreciated.
Estimate your monthly payments for this property
Estimated Payment
$4,565.65/mo
Includes CMHC insurance ($24,828)
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.
56 Penwick 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
Fair Market Value
At $809/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 43 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 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.