173 Forestwood Street, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Rouge Woods. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,625,000 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.
- 4 Bedrooms and 5 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 32.55 x 152.72 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 attached configuration
- Notable attributes: Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 173 Forestwood, ideally situated in the highly sought-after, family-friendly Rouge Woods community in Richmond Hill. This beautifully maintained home offers approximately 2,300 sq. ft. of above-grade living space, plus a spacious fully finished basement - providing ample room for growing families and entertaining. The home boasts 4 generously sized bedrooms and multiple living areas enhanced by two cozy fireplaces, creating a warm and inviting atmosphere throughout. The spacious layout is complemented by an additional wok kitchen, perfect for added convenience and culinary flexibility. Set on one of the largest lots in the area - an impressive 152 feet deep - bordered by lush forest on one side, creating a peaceful private retreat with exceptional privacy. The absence of a sidewalk provides extra parking and less maintenance. Located within the boundaries of top-ranked schools including Bayview Secondary School and Silver Stream Public School, and close to parks and amenities. This is an outstanding opportunity to own a spacious home in one of Richmond Hill's most desirable neighborhoods.
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Pricing & Value Insights
Data-driven valuation for 173 Forestwood Street, Richmond Hill, ON L4S 1Y3
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,625,000 in Richmond Hill, the legal minimum down payment is $325,000 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 $28,975 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 $28,975.
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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.