365 Fern Avenue, Richmond Hill, ON

$2,450,000
MLS#:N9387185
5 beds
5 baths
3000-3500 sqft
5.0 parking
Residential Freehold
365 Fern Avenue, Richmond Hill, ON L4C 8P6
⚠️

Property no longer active

This property was sold on December 12, 2024. 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 $2,450,000 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 5 Bathrooms
  • Generous living space spanning 3000-3500 sqft on a premium 38 x 113.85 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Carpet Free, Central Vacuum, Storage
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this Stunning 5 Bed, 5 Bath Detached Home, Located in the Prestigious Observatory Neighborhood. This Premium Corner Lot Boasts a Rare 52.82-foot Rear and Spans Approximately 3,200 Sq. ft. of Luxurious Living Space, with a Finished Basement. You'll Be Greeted by a Solid Double-Door Entry Leading to a Grand 25-foot foyer. Unilock Interlocking at Front Entrance Complements the Full Driveway & Carriage-Style Garage Doors, Offering Exceptional Curb Appeal. The Backyard Features a Beautiful 2-Tier Deck, Perfect for Outdoor Entertaining. Inside, is Adorned by Solid Oak Staircases, 9-foot Ceilings On the Main Floor, & Two Skylights Allowing Natural Light to Fill the Space. Crown Molding & Hardwood Floors are Featured Throughout the Main and 2nd Floor. The Custom Kitchen is a Chefs Dream, Complete with Quartz Countertops, Undermount Lighting, a Large Center Island with a Breakfast Bar, & a Striking Glass & Stone Backsplash. LED Pot Lights, a Walk-in Pantry, & Top-of-the-line Kitchen Aid Appliances. The Cozy Family Room & Library Share a Double-sided Gas Fireplace, While the Family room also Offers Custom Built-in Wall-to-wall Cabinets. The Library is Enhanced with Custom Bookshelves. The Master Suite is a True Retreat, Featuring an Upgraded Ensuite Bathroom with Custom Glass Shower, Heated Floors, Quartz Countertops, Double Sinks, a Freestanding soaker tub, & Dual Rain Shower Heads. The additional bedrooms are spacious & well-appointed. The Finished Basement Adds Even More Functionality, Offering a Guest Bedroom, Exercise/Laundry Room, Recreation Room, Cold Storage, & 3-piece Bathroom. The Recreation Room is a Perfect Gathering Space with a Wet Bar, Complete with a Beverage Fridge, Quartz Counters, & Built In Wiring for Surround Sound for Ultimate Entertainment. This Home is the Epitome of Luxury & Comfort, Offering Upgraded Features & Finishes Throughout in a Sought-after Location. Don't Miss the Chance to Own this Exquisite Property!

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Property Summary

This detached home located at 365 Fern Avenue, Richmond Hill is currently for sale and has been available on SousaSells for 667 days. This property is listed at $2,450,000 with an estimated mortgage of $8,155* per month. It has 5 beds, 5 bathrooms, and is 3000-3500 square feet. 365 Fern Avenue, 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 5 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
  • 5 well-appointed bathrooms
  • 3000-3500 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
5
Kitchens
1
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 12, 2024
Sold price information is available to members only
Listed Date10/8/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size38 × 113.85 Feet
CountyYork
Annual Tax$9,720.09
Legal DescriptionPCL 15-1 SEC 65M2880; LT 15 PL 65M2880 ; S/T LT821000 RICHMOND HILL

Parking & Garage

Parking Total5.0
Parking Space3
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Electric Car Charger
  • Fenced Yard
  • Park
  • Place Of Worship
  • Public Transit
  • School

Interior Features

  • Carpet Free
  • Central Vacuum
  • Storage

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 365 Fern Avenue, Richmond Hill, ON

Q.What is the asking price for 365 Fern Avenue, Richmond Hill, ON ?

The current listing price for 365 Fern Avenue, Richmond Hill, ON in Observatory, Richmond Hill is $2,450,000.

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

This property features 5 bedrooms and 5 bathrooms across approximately 3000-3500 sqft.

Q.What property type and architectural style is 365 Fern Avenue, Richmond Hill, ON ?

365 Fern Avenue, Richmond Hill, ON is a Detached (2-Storey) featuring a Finished basement.

Q.What key property features does 365 Fern Avenue, Richmond Hill, ON offer?

Key property features include: Electric Car Charger, Fenced Yard, Park, Place Of Worship, Public Transit, School.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free, Central Vacuum, Storage.

Q.Is parking available at this property?

Yes, this property offers parking space for 5.0 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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365 Fern Avenue, 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 365 Fern Avenue, Richmond Hill, ON L4C 8P6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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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$735,000 (30.0%)
* Minimum Canadian down payment required for this price is $490,000.
Amortization Period30 Years
Estimated Monthly Payment$8,155Based on a loan of $1,715,000 over 30 years.
Purchase Price$2,450,000
Loan Amount$1,715,000
Provincial Land Transfer Tax:$47,725
Total Estimated Closing Taxes:$47,725

About Purchasing a Home in Richmond Hill, ON

For a property listed at $2,450,000 in Richmond Hill, the legal minimum down payment is $490,000 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 $47,725 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 $47,725.

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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.