$1,159,000 - 78 Springhead Gardens, Richmond Hill
Detached for Sale in Richmond Hill
48 days on marketNeighbourhood: North Richvale
- MLS Number
- N13530048
- Property Type
- Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 4,392 sqft
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
For buyers who need more space without stretching the budget, 78 Springhead Gardens delivers. With approximately 1,700 sq. ft. above grade, four bedrooms, a finished basement, and a sought-after North Richvale location, this detached home offers exceptional value for first-time buyers ready to skip the starter home or families looking for more room.The main floor features a practical layout with generous principal rooms, an updated kitchen, separate living and dining rooms, and a welcoming family room with walkout access to the backyard. Recent updates include hardwood stairs with wrought iron pickets and a beautifully renovated family bathroom with custom finishes and added storage.The finished basement adds even more flexibility with a large recreation room, wet bar, and a fifth bedroom that also works perfectly as a home office, guest room, or space for a teenager. There's ample storage, room to add a second full bathroom, and a separate side entrance that opens up future possibilities.Outside, the fully fenced backyard is private, mature, and designed to be enjoyed. A covered pergola, hot tub, multiple seating areas, and established landscaping create an outdoor space that's just as functional as the interior.Located in one of Richmond Hill's most established neighbourhoods, you're close to highly regarded schools, parks, community centres, shopping, transit, and major commuter routes. If you're looking for a home that offers more space, thoughtful updates, and a location that continues to stand the test of time, this one deserves a closer look.
Estimate your monthly payments for this property
Estimated Payment
$5,126.65/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.
78 Springhead Gardens, 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
Competitive Pricing
At $773/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.
Negotiation Opportunity
At 48 days on site, this property has exceeded the typical selling timeline for Richmond Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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 $4,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.