61 Somerset Crescent, Richmond Hill, ON
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 $1,568,000 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 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 50.23 x 149.93 ft lot
- Features a apartment, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Bright, Sun Filled Home In The Prestigious Observatory Community. Surrounded By Multi Million Dollar Residences In The Heart Of Richmond Hill, This Exceptional Property Sits On A Premium 50 X 150 Ft Lot And Offers Over 3,700 Sq. Ft. Of Total Living Space With A Fully Finished Basement. This Home Boasts A Spacious And Functional Layout Perfect For Modern Family Living. Located Within The Bayview Secondary School Zone, Steps To Public Transit And Observatory Park, And Just Minutes To Hwy 404, Hwy 407, And Major Shopping Centres. Updated In 2026 With New Broadloom On Both Staircases, Throughout The Second Floor, And In The Basement, Fresh Paint Throughout, All New Light Fixtures, All New Electrical Outlets And Switches, New Eavestroughs, New Countertops, Faucets, And Sinks In The Bathrooms And Kitchen, Two New Sliding Doors At The Back Of The House, All New Second Floor Windows, A New Kitchen Stovetop, And New Flooring In The Ensuite Bathroom And Basement Kitchen. The Fireplace Chimney Was Also Cleaned And Inspected In 2026 With A WETT Inspection.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
None
Security Features
Community Features
Location
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 61 Somerset Crescent, Richmond Hill, ON L4C 8N8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.
Configure Loan Settings
About Purchasing a Home in Richmond Hill, ON
For a property listed at $1,568,000 in Richmond Hill, the legal minimum down payment is $313,600 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 $27,835 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 $27,835.
Nearby Listings
No current listings found in Richmond Hill.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Observatory, Richmond Hill.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.