7 Fairview Avenue, Richmond Hill, ON

$8,800,000
MLS#:N9258281
9 beds
13 baths
14.0 parking
Residential Freehold
7 Fairview Avenue, Richmond Hill, ON L4C 6K9
⚠️

Property no longer active

This property was sold on December 4, 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 South Richvale. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $8,800,000 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.

  • 9 Bedrooms and 13 Bathrooms
  • Premium 85 x 255 ft lot size
  • Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 14.0 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

Discover one of the most extraordinary estates in South Richvale, offering around 8,000 SF of meticulously designed living space on a sprawling 0.5-acre lot. With around 85 feet of gated frontage, this estate is a true gem in an affluent neighborhood. The home features 8 spacious bedrooms, 9 luxurious washrooms, and soaring 18Ftceilings W/24K Gold Leaf Moldings. The primary suite offers a resort-like experience, blending relaxation and comfort seamlessly. The expansive interior is adorned with natural slab marble, 24K gold leaf moldings, and a gourmet kitchen equipped with a Subzero fridge. The parklike grounds include a large pool, jacuzzi, gazebo, and outdoor bar, making it a true entertainer's paradise. The lower level is complete with a wine tasting room, Bar, recreation room, and lounge area, embodying elegance and luxury in every detail. You shouldn't Miss your dream house. Your search will stop right here. Come and take a look today!

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Property Summary

This detached home located at 7 Fairview Avenue, Richmond Hill is currently for sale and has been available on SousaSells for 720 days. This property is listed at $8,800,000 with an estimated mortgage of $29,292* per month. It has 9 beds, 13 bathrooms, and is unknown square feet. 7 Fairview Avenue, Richmond Hill is in the South Richvale 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 9 bedrooms and 13 bathrooms, this home offers ample space and comfort for growing families in South Richvale, Richmond Hill.

Highly Recommended for Families
What We Love About This Home
  • 9 spacious bedroom layout offering versatile living space
  • 13 well-appointed bathrooms
  • Desirable Detached architecture in South Richvale, Richmond Hill
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in South Richvale, Richmond Hill.

Target Buyer Match

Key Features

Bedrooms
9
Bathrooms
13
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 4, 2024
Sold price information is available to members only
Listed Date8/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionConcrete
BasementFinished, Separate Entrance
Lot Size85 × 255 Feet
CountyYork
Annual Tax$28,005
Legal DescriptionLT 25 PL 3450 VAUGHAN ; RICHMOND HILL

Parking & Garage

Parking Total14.0
Parking Space10
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Central Vacuum

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 7 Fairview Avenue, Richmond Hill, ON

Q.What is the asking price for 7 Fairview Avenue, Richmond Hill, ON ?

The current listing price for 7 Fairview Avenue, Richmond Hill, ON in South Richvale, Richmond Hill is $8,800,000.

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

This property features 9 bedrooms and 13 bathrooms.

Q.What property type and architectural style is 7 Fairview Avenue, Richmond Hill, ON ?

7 Fairview Avenue, Richmond Hill, ON is a Detached (2-Storey) featuring a Finished, Separate Entrance basement.

Q.What interior features are included in this home?

Interior highlights include: Central Vacuum.

Q.Is parking available at this property?

Yes, this property offers parking space for 14.0 vehicles (Attached).

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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7 Fairview 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 7 Fairview Avenue, Richmond Hill, ON L4C 6K9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$2,640,000 (30.0%)
* Minimum Canadian down payment required for this price is $1,760,000.
Amortization Period30 Years
Estimated Monthly Payment$29,292Based on a loan of $6,160,000 over 30 years.
Purchase Price$8,800,000
Loan Amount$6,160,000
Provincial Land Transfer Tax:$206,475
Total Estimated Closing Taxes:$206,475

About Purchasing a Home in Richmond Hill, ON

For a property listed at $8,800,000 in Richmond Hill, the legal minimum down payment is $1,760,000 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 $206,475 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 $206,475.

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South Richvale, Richmond Hill Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for South Richvale, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$3,362,859

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 South Richvale, Richmond Hill

Elementary Schools

Charles Howitt
Public30 Pearson Avenue, Richmond Hill, Ontario, L4C 6T7
7.6
Red Maple
Public155 Red Maple Road, Richmond Hill, Ontario, L4B 4P9
6.7
St Charles Garnier
Public16 Castle Rock Drive, Richmond Hill, Ontario, L4C 5H5
9.3
Sixteenth Avenue
Public400 16th Avenue, Richmond Hill, Ontario, L4C 7A9
6.5
St Anne
Public105 Don Head Village Boulevard, Richmond Hill, Ontario, L4C 7N1
6.8

Secondary Schools

Langstaff
Public106 Garden Avenue, Richmond Hill, Ontario, L4C 6M1
5.2
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
Norval-Morrisseau
Public51 Wright Street, Richmond Hill, Ontario, L4C 4A1
8.3

South Richvale, 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.