$3,988,888 - 56A Roosevelt Drive, Richmond Hill
Detached for Sale in Richmond Hill
Neighbourhood: South Richvale
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- MLS Number
- N13784158
- Property Type
- Detached
- Status
- active
- Days on Site
- 22
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2026)
- $14,632
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
This Custom-designed Residence Home Sits on a 50 x 229 Complete Landscaped Lot with Inground Pool Oasis. Offering Exceptional Space. The Home Features 4 Bedrooms & 5 Bathrooms, Approximately 6309 of Living Space which includes the basement walkout area. This exception home was built with premium materials and workman ship. This home features some many unique offerings, custom kitchen with island , built in cupboards, massive skylight on 2nd floor which ills the home with natural sunlight. Elegant staircase to upper and lower levels. Main floor office area. Large Bonus Sunroom off the kitchen which offers more complete year round living. Step outside from the Sunroom to a large upper outdoor deck which looks over the massive inground pool area. There is outdoor 2nd sauna and patio bar area with built entertainment area to watch your favorite movie or sports game. Basement is finished off with large games area, bar area, office space, work at home space, hot tub and sauna. The rear yard is a beautiful area for family gatherings. This truly is one of kind custom homes in a prestigious neighborhoods.
Estimate your monthly payments for this property
Estimated Payment
$17,644.19/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 South Richvale
South 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 South 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
South 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.
56A Roosevelt Drive, 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 $1140/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 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.
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.