75 Spruce Avenue, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of South Richvale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,648,000 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.
- 4 Bedrooms and 3 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 45.02 x 241.94 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
EXCEPTIONAL VALUE, in one of Richmond Hill's most desirable and highly sought-after neighborhoods, SOUTH RICHVALE. Situated on a premium 10,882 sq. ft. (1/4 acre) south-facing lot, this property offers exceptional potential for investors, builders, and end-users alike. The existing home requires some TLC, but presents a solid opportunity to rent out and generate income in the short term while planning for future redevelopment. Whether you're looking to hold for 1-2 years as the market evolves or secure a prime piece of land in a prestigious area, this property checks all the boxes. Surrounded by luxury homes and ongoing redevelopment, this is a rare chance to buy at today's pricing and position yourself ahead of the next market upswing. The lot size, locating, and orientation provide an ideal canvas for a custom build when the timing is right. Motivated seller-bring your vision and take advantage of this strategic investment opportunity.
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Property Summary
This detached home located at 75 Spruce Avenue, Richmond Hill is currently for sale and has been available on SousaSells for 2 days. This property is listed at $1,648,000 with an estimated mortgage of $5,486* per month. It has 4 beds, 3 bathrooms, and is 2000-2500 square feet. 75 Spruce Avenue, Richmond Hill is in the South Richvale neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in South Richvale, Richmond Hill.
- •4 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in South Richvale, Richmond Hill.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Greenbelt/Conservation
Interior Features
- In-Law Capability
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 75 Spruce Avenue, Richmond Hill, ON
Q.What is the asking price for 75 Spruce Avenue, Richmond Hill, ON ?
The current listing price for 75 Spruce Avenue, Richmond Hill, ON in South Richvale, Richmond Hill is $1,648,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 3 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 75 Spruce Avenue, Richmond Hill, ON ?
75 Spruce Avenue, Richmond Hill, ON is a Detached (2-Storey) featuring a Partially Finished basement.
Q.What key property features does 75 Spruce Avenue, Richmond Hill, ON offer?
Key property features include: Greenbelt/Conservation.
Q.What interior features are included in this home?
Interior highlights include: In-Law Capability.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 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 75 Spruce Avenue, Richmond Hill, ON L4C 6V9
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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 $1,648,000 in Richmond Hill, the legal minimum down payment is $329,600 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 $29,435 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 $29,435.
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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.