501 Palmer Avenue, Richmond Hill, ON
Property no longer active
This property was sold on December 5, 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 Bayview Hill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,699,000 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 3500-5000 sqft on a premium 60 x 155 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Impeccably renovated luxury home in prestigious Bayview Hill! Features elegant stone exterior, interlock driveway W/ 3 Car garage. A grand foyer with skylight, wood staircase with iron pickets, and refined millwork set an impressive tone. Living & dining rooms showcase timeless detailing; main floor office overlooks the backyard; open-concept family room with fireplace connects to a bright sunroom and private landscaped yard. Windows and Roof replaced in 2017. 5 spacious bedrooms and 3 Bathrooms W/Fully Upgraded, Pro finished basement with bar & Home theatre, Steps to top schools, parks, plaza & easy access to Hwy 404/407. Move-in ready gem with timeless style and comfort!
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Property Summary
This detached home located at 501 Palmer Avenue, Richmond Hill is currently for sale and has been available on SousaSells for 288 days. This property is listed at $2,699,000 with an estimated mortgage of $8,984* per month. It has 5 beds, 5 bathrooms, and is 3500-5000 square feet. 501 Palmer Avenue, Richmond Hill is in the Bayview Hill neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Bayview Hill, Richmond Hill.
- •5 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Bayview Hill, Richmond Hill.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 501 Palmer Avenue, Richmond Hill, ON
Q.What is the asking price for 501 Palmer Avenue, Richmond Hill, ON ?
The current listing price for 501 Palmer Avenue, Richmond Hill, ON in Bayview Hill, Richmond Hill is $2,699,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 5 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 501 Palmer Avenue, Richmond Hill, ON ?
501 Palmer Avenue, Richmond Hill, ON is a Detached (2-Storey) featuring a Full basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 9.0 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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Pricing & Value Insights
Data-driven valuation for 501 Palmer Avenue, Richmond Hill, ON L4B 3B9
Based on 0 recent similar sales in the pocket.
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 $2,699,000 in Richmond Hill, the legal minimum down payment is $539,800 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 $53,950 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 $53,950.
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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.