118 May Avenue, Richmond Hill, ON
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 $1,999,900 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 5 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 50 x 125.88 ft lot
- Features a separate entrance, apartment, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Luxury 2-storey Home with beautiful Ravine views from the backyard and side yard! Located on prestigious MAY AVENUE that is considered one of the best streets to live in Richmond Hill (amongst many other high end multi-million dollar custom built homes). Finished walk-up basement with separate entrance , 2 bedrooms , kitchen & 3-piece bathroom. 9 Foot Ceilings On Main Floor. Upgraded white Kitchen With granite countertops & upgraded backsplash. Newer staircase pickets (2026). 5 washrooms in total. Newer master bedroom high end ensuite bathroom with glass shower & freestanding tub (2023). Hardwood flooring throughout main floor. Upgraded high end front door (2024). Smooth ceilings on main floor & 2nd floor. Upgraded Crown Mouldings. Upgraded Pot Lights. Large office on the main floor over looking ravine. Large deck in backyard & freshly painted in 2026. Interlock Drive Way With parking for 6 cars (8 cars in total with garage). Very Bright south facing exposure. Beautiful views on the ravine from backyard and side yard..... Excellent location in Richmond Hill near Yonge / 16th / Weldrick. Close To All Amenities such as Supermarkets, schools, parks, hospital, shops, malls, restaurants , viva transit.
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Pricing & Value Insights
Data-driven valuation for 118 May Avenue, Richmond Hill, ON L4C 3S6
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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 $1,999,900 in Richmond Hill, the legal minimum down payment is $399,980 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 $36,473 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 $36,473.
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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.