50 Addison Street, Richmond Hill, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of North Richvale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,750,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Premium 50 x 121 ft lot size
- Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to convenient living at its finest in the heart of Richmond Hill! This remarkable home, boasting nearly $200K in renovations, such as the open concept layout, perfect for entertaining, an eat-in kitchen with a central island, built-in appliances, and a wine fridge. Additional features include smooth ceilings, recessed lighting, and many more luxuries awaiting your discovery. promises an unparalleled blend of comfort and sophistication. Step into the meticulously designed backyard oasis, featuring interlocking stones and a serene hot tub, ideal for unwinding after a busy day Enjoy the ease of access to public transit, top-rated schools, bustling shopping malls, and nearby grocery stores, streamlining your daily routine. The fully finished basement offers the potential for lucrative side income, currently generating around $2500. Don't miss your chance to experience the epitome of luxury and convenience in this extraordinary home!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 50 Addison Street, Richmond Hill, ON L4C 7L8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,750,000 in Richmond Hill, the legal minimum down payment is $350,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $31,475 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $31,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
