$1,798,800 - 61 Magdalan Crescent, Richmond Hill
Detached for Sale in Richmond Hill
Neighbourhood: Jefferson
- MLS Number
- N13623708
- Property Type
- Detached
- Status
- active
- Days on Site
- 24
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- CENTURY 21 GREEN REALTY INC.
Mansion-Style Living in Prestigious Jefferson! A spacious & impeccably maintained home on a quiet family friendly street, offering approx. 5,000 sq. ft. of total finished living space. This stunning 13-year-old residence features a striking Stone façade, premium fiberglass entry doors & high ceiling, a dramatic 2-storey Foyer with a grand Circular staircase, hardwood floors throughout, pot lights & an exceptional family-friendly layout. | The Main level offers a extra spacious Living room, formal Dining room, very large Family room with gas fireplace, private Office, and a chef-inspired Kitchen with quartz countertops, overlooking the bright Breakfast area with Walkout to a beautiful 2-tier deck, perfect for entertaining. | The Upper level features 2 primary Master suites, each with a private Ensuite, plus 2 extra-large Bedrooms sharing a convenient Jack & Jill Bathroom. The main Primary retreat offers a luxurious ensuite & custom closet organizers, while the additional Bedrooms provide exceptional space and functionality for the entire family. | ** Professionally finished Self-contained garage-level Basement with 8-ft. ceilings and oversized above-grade windows, featuring 3 spacious Bedrooms, 2 full Bathrooms, an open-concept Kitchen, and a large Living area. Ideal for extended family or multigenerational living, with excellent potential for future customization or additional rental INCOME potential. | Additional features include new zebra blinds, 2 separate Laundry rooms, and numerous upgrades throughout. | Located in the prestigious Jefferson community and within the highly sought-after Richmond Hill High School. Wow! This is A Must See!
Estimate your monthly payments for this property
Estimated Payment
$7,956.70/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 Jefferson
Jefferson 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 Jefferson
- •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
Jefferson 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.
61 Magdalan 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
Competitive Pricing
At $600/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.
Market Position
At 24 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 3,000 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.
Excellent Flexibility
With 7 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 6 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.