16 Meteorite Street, Richmond Hill, ON

$3,488,888
MLS#:N12111968
5 beds
6 baths
3500-5000 sqft
6.0 parking
Residential Freehold
16 Meteorite Street, Richmond Hill, ON L4C 4V7
⚠️

Property no longer active

This property was sold on May 30, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $3,488,888 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 6 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 45 x 98.43 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Central Vacuum, Carpet Free, Built-In Oven
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Absolutely stunning smart home with nearly 6,000 sq ft of luxurious living space, nestled in the prestigious Observatory community! No sidewalk, on a quiet, child-friendly street! Featuring 10-ft ceilings on the main floor, imported Italian porcelain throughout, and modern luxury finishes.The open-concept chef's kitchen features a Sub-Zero built-in fridge, Wolf gas cooktop, Wolf built-in steam oven, Wolf built-in microwave, Asko dishwasher, Sirius professional hood insert, wine fridge, porcelain counters, walk-in pantry, custom cabinetry, and KEF ceiling speakers.Walk out to a fully enclosed electric Pergola sunroom (12.8 x 12.8) with integrated LED lighting, perfect for seamless indoor-outdoor entertaining. The family room impresses with a custom home theatre and double-sided vertical fireplace wrapped in Italian porcelain, creating a stunning feature wall. A designer powder room and all bathrooms feature backlit mirrors.The second floor offers four spacious bedrooms, all with heated bathroom floors. The luxurious Primary suite boasts a spa-inspired 5-pc ensuite with a curbless walk-in shower, ceiling-mounted rain heads, TOTO smart toilet, and a custom walk-in closet with LED lighting. The third-floor LOFT features a wet bar, 4-pc bath, and a private terrace.The finished basement includes a bedroom, full bath, two storage rooms, and heated floors throughout.The second-floor laundry includes an LG washer, dryer, and LG SideKick pedestal washer.Smart home upgrades include electric blinds, EV charger, ultra-secure smart front door, full security camera system, and integrated speakers. Dual furnaces and dual A/C units provide zoned climate control. Located minutes from Hwy 407/404, public transit, shopping, and top-ranked Bayview Secondary School. A true move-in-ready, one-of-a-kind luxury home blending elegance, technology, and comfort!

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Property Summary

This detached home located at 16 Meteorite Street, Richmond Hill is currently for sale and has been available on SousaSells for 463 days. This property is listed at $3,488,888 with an estimated mortgage of $11,613* per month. It has 5 beds, 6 bathrooms, and is 3500-5000 square feet. 16 Meteorite Street, Richmond Hill is in the Observatory neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 5 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Observatory, Richmond Hill.

Highly Recommended for Families
What We Love About This Home
  • 5 spacious bedroom layout offering versatile living space
  • 6 well-appointed bathrooms
  • 3500-5000 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Observatory, Richmond Hill.

Target Buyer Match

Key Features

Bedrooms
5
Bathrooms
6
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 30, 2025
Sold price information is available to members only
Listed Date4/30/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size45 × 98.43 Feet
CountyYork
Annual Tax$12,273.48
Legal DescriptionLOT 330, PLAN 65M4547 SUBJECT TO AN EASEMENT FOR ENTRY AS IN YR3527987

Parking & Garage

Parking Total6.0
Parking Space4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Golf
  • Greenbelt/Conservation
  • Park
  • Rec./Commun.Centre
  • School
  • Electric Car Charger

Interior Features

  • Central Vacuum
  • Carpet Free
  • Built-In Oven

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 16 Meteorite Street, Richmond Hill, ON

Q.What is the asking price for 16 Meteorite Street, Richmond Hill, ON ?

The current listing price for 16 Meteorite Street, Richmond Hill, ON in Observatory, Richmond Hill is $3,488,888.

Q.How many bedrooms and bathrooms does this property have?

This property features 5 bedrooms and 6 bathrooms across approximately 3500-5000 sqft.

Q.What property type and architectural style is 16 Meteorite Street, Richmond Hill, ON ?

16 Meteorite Street, Richmond Hill, ON is a Detached (2-Storey) featuring a Finished basement.

Q.What key property features does 16 Meteorite Street, Richmond Hill, ON offer?

Key property features include: Golf, Greenbelt/Conservation, Park, Rec./Commun.Centre, School, Electric Car Charger.

Q.What interior features are included in this home?

Interior highlights include: Central Vacuum, Carpet Free, Built-In Oven.

Q.Is parking available at this property?

Yes, this property offers parking space for 6.0 vehicles (Built-In).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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16 Meteorite Street, Richmond Hill, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 16 Meteorite Street, Richmond Hill, ON L4C 4V7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.

Configure Loan Settings

Interest Rate4.00%
Down Payment$1,046,666 (30.0%)
* Minimum Canadian down payment required for this price is $697,778.
Amortization Period30 Years
Estimated Monthly Payment$11,613Based on a loan of $2,442,222 over 30 years.
Purchase Price$3,488,888
Loan Amount$2,442,222
Provincial Land Transfer Tax:$73,697
Total Estimated Closing Taxes:$73,697

About Purchasing a Home in Richmond Hill, ON

For a property listed at $3,488,888 in Richmond Hill, the legal minimum down payment is $697,778 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 $73,697 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 $73,697.

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Observatory, Richmond Hill Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Observatory, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,212,783

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
50%
Couples without children
27%
Other households
5%

Top Ethnic Origins

Chinese30%
Iranian11%
Canadian8%
Italian7%

Best Schools in Observatory, Richmond Hill

Elementary Schools

Sixteenth Avenue
Public400 16th Avenue, Richmond Hill, Ontario, L4C 7A9
6.5
St Joseph
Public301 Roney Avenue, Richmond Hill, Ontario, L4C 2H4
7.0
Walter Scott
Public500 Major MacKenzie Drive East, Richmond Hill, Ontario, L4C 1J2
3.9
Bayview Hill
Public81 Strathearn Avenue, Richmond Hill, Ontario, L4B 2J5
8.0
Red Maple
Public155 Red Maple Road, Richmond Hill, Ontario, L4B 4P9
6.7

Secondary Schools

Richmond Hill
Public189 Weldrick Road East, Richmond Hill, Ontario, L4C 0A6
8.3
Alexander MacKenzie
Public300 Major MacKenzie Drive West, Richmond Hill, Ontario, L4C 3S3
8.5
Bayview
Public10077 Bayview Avenue, Richmond Hill, Ontario, L4C 2L4
9.2
Norval-Morrisseau
Public51 Wright Street, Richmond Hill, Ontario, L4C 4A1
8.3

Observatory, Richmond Hill Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.