1 Elderwood Drive, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Bayview Hill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,588,800 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.
- 5 Bedrooms and 4 Bathrooms
- Generous living space spanning 3500-5000 sqft on a premium 66.56 x 148.65 ft lot
- Features a separate entrance, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 11.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This stunning five-bedroom home offers exceptional comfort and privacy in the Prestigious Bayview Hill Neighborhood! Elegant crystal chandeliers and recessed pot lights illuminate the interior, while hardwood flooring flows seamlessly throughout. With First and Second Floor having 4,041 Sqft of spacious space and an Unfinished Basement of 2032 sqft that awaits your customization! The custom-designed kitchen features premium cabinetry, granite countertops, and high-end stainless steel appliances ideal for both everyday living and entertaining. Step outside to a professionally landscaped garden, complete with a spacious deck and a beautifully crafted stone patio. Conveniently located just steps from a charming park, top-rated schools, shopping plazas, and public transit.
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Pricing & Value Insights
Data-driven valuation for 1 Elderwood Drive, Richmond Hill, ON L4B 2X3
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 $2,588,800 in Richmond Hill, the legal minimum down payment is $517,760 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 $51,195 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 $51,195.
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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.