$1,079,900 - 86 Riley Reed Lane, Richmond Hill
Townhouse for Sale in Richmond Hill
Popular ListingNeighbourhood: Rural Richmond Hill
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- MLS Number
- N13833572
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 9
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2026)
- $5,807
- Listing Brokerage
- ARMANI REALTY
Welcome to 86 Riley Reed Lane! Upgraded Premium Corner-unit townhome in Richmond Hill's highly sought-after Jubilee Towns community, masterfully crafted by award-winning Arista Homes! Ideally situated in the desirable Richlands neighborhood. 1,925 sqft, 3+1 beds, 3 baths with extra windows on both exposures flooding every level with natural light. 9-ft ceilings on main & upper floors! Upgraded hardwood floors throughout. Open-concept main level flows effortlessly to a spacious covered balcony off the breakfast area - ideal for firing up the BBQ or unwinding no matter the season. Chef-inspired kitchen with quartz counters & ample cabinetry. Primary bed w/ 4pc ensuite w/ double sinks & glass shower. Bedroom 3 provides an additional 2nd private balcony adding an outdoor living space to the upper level. Rare main floor bedroom/den ideal for potential home office/business. Unfinished basement offers valuable storage space, keeping your main living areas clean and clutter-free. 2 parking spots (driveway & spacious garage). Minutes to Hwy 404, walking distance to Richmond Green Secondary School, Costco, Home Depot, neighborhood plazas & close to Richmond Green Sports Centre & Park for year-round recreation - this is Richlands living at its finest!
Estimate your monthly payments for this property
Estimated Payment
$4,776.76/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 Rural Richmond Hill
Rural Richmond Hill 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 Rural Richmond Hill
- •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
Rural Richmond Hill 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.
86 Riley Reed Lane, 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 $720/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.
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 Rural Richmond Hill
I know Rural Richmond Hill 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 $4,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.