101 Elgin Mills Road, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Mill Pond. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $2,850,000 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.
- 5 Bedrooms and 7 Bathrooms with 2 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 55.96 x 200.19 ft lot
- Features a finished, walk-up, separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 15.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Experience the grandeur of this palatial custom built estate, an extraordinary opportunity to seamlessly combine luxury living with a distinguished professional home base in one of Richmond Hill's most coveted locations. Live in and Work from home offering over 4,600 sq. ft. above grade, this south-facing executive residence is a masterful showcase of timeless architecture, superior craftsmanship, and refined design. Situated on a 55x 200 foot lot and thoughtfully curated for today's discerning buyer, the home features expansive principal rooms, 10-foot ceilings on the main level, 9-foot ceilings on the second and lower levels, and a breathtaking family room highlighted by a dramatic 20-foot soaring ceiling that creates an unforgettable architectural statement filled with natural light. A striking floating staircase with custom wrought iron railings, a private main-floor library with its own entrance, and an oversized chef-inspired kitchen designed for both grand entertaining and everyday living further elevate this exceptional residence. The recently finished walk-up lower level, complete with a separate entrance, full kitchen, two bathrooms, exceptional street exposure, 13-car parking plus a 2-car garage, offers unparalleled flexibility as a professional office, executive headquarters, multi-generational suite, or income-generating opportunity. Beautifully landscaped grounds provide a private outdoor sanctuary, while the premier location-just moments from Yonge Street, top-ranked schools, parks, fine dining, shopping, and public transit-completes this rare offering, delivering an exceptional lifestyle defined by prestige, sophistication, and uncompromising versatility.
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Pricing & Value Insights
Data-driven valuation for 101 Elgin Mills Road W, Richmond Hill, ON L4C 4M1
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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 $2,850,000 in Richmond Hill, the legal minimum down payment is $570,000 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 $57,725 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 $57,725.
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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.