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Welcome to this remarkable Bungalow detached located in the coveted neighborhood of South Richvale. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $18,500,000 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.
**Introducing a Landmark Custom Estate in Elite South Richvale - Exclusive Pre-Sell Opportunity**. Prepare to be captivated by a home that will redefine luxury living in Richmond Hill, an extraordinary estate that promises to deliver what this city has never witnessed before. Nestled in the prestigious South Richvale neighbourhood, this bespoke masterpiece is situated on one of the most coveted streets, embracing a magnificent 100 x 350 foot lot that seamlessly integrates with the serene beauty of a nearby ravine, ensuring an unparalleled sanctuary of privacy and tranquility.Crafted by the esteemed Mahzad Homes, this luxurious residence will span an impressive 15,000 square feet of above-grade living space, accompanied by an expansive 7,000 square foot basement. This exceptional home will feature seven spacious bedrooms, each designed as a master suite, complete with inviting fireplaces and lavish walk-in closets.Upon entering, be greeted by a grand foyer with soaring 12-foot ceilings that flow gracefully throughout the main and upper floors, creating a bright and airy ambiance. The open-to-above design enhances the sense of space and light, while oversized aluminum windows invite the captivating views of the surrounding ravine into your home.Entertainment reaches new heights in the resort-style outdoor area, highlighted by an oversized pool that serves as the focal point for memorable gatherings.This estate boasts a state-of-the-art theatre room, perfect for cinematic experiences at home, and a heated garage with an innovative door system for utmost convenience.Every detail of this home has been meticulously curated, from the sculptural staircase that acts as a breathtaking architectural centre piece to the stunning limestone exterior enveloping all four elevations.It is not merely a house; it is a lifestyle choice for those who seek sophistication and elegance.
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The current listing price for 38 Maryvale Crescent, Richmond Hill, ON in South Richvale, Richmond Hill is $18,500,000.
This property features 9 bedrooms and 13 bathrooms across approximately 5000 + sqft.
38 Maryvale Crescent, Richmond Hill, ON is a Detached (Bungalow) featuring a Other basement.
Key property features include: Public Transit, Ravine, River/Stream, School, Sloping, Wooded/Treed.
Interior highlights include: None.
Yes, this property offers parking space for 12.0 vehicles (Attached).
Heating is provided via Other and cooling via Other.
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This could be the first listing for this address.
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Data-driven valuation for 38 Maryvale Crescent, Richmond Hill, ON L4C 6P8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.
About Purchasing a Home in Richmond Hill, ON
For a property listed at $18,500,000 in Richmond Hill, the legal minimum down payment is $3,700,000 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 $448,975 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 $448,975.
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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.