The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Opportunity to build your dream custom home on a spectacular 100 x 532 ft estate-sized property (1.2 acres) in coveted Richmond Hill, surrounded by mature trees offering privacy & a picturesque setting for a magnificent custom estate. Extensive planning & development work has been completed, representing a substantial investment of time & capital, including architectural drawings, completion of numerous studies & plans along w/ municipal coordination. Site plan approval is in its final stages, w/ only outstanding municipal deposits remaining to be paid by the purchaser when ready to proceed. A valuable opportunity to capitalize on the significant work already completed & bring the proposed custom home development to fruition. The proposed architectural plans showcase an impressive approx 4800 sq ft above-grade custom bungaloft, thoughtfully designed for luxurious living, entertaining & multi-generational flexibility, w/ the potential to build an even larger residence if desired (a larger residence would be subject to site plan amendment & approval). The proposed home features 4 bdrms, 5 bthrms, a 3-car garage, impressive 10' ceilings on the main flr, a dramatic 12' ceiling in the family rm, & 9' ceilings throughout the 2nd flr & bsmt. The plans also include a beautifully designed backyard cabana complete w/ a wet bar, lounge area & full bathroom. Existing plans provide for well water & municipal sewer connection, w/ the option to install a septic system in lieu of municipal sewer, should the purchaser prefer. All connections & installations at the purchaser's expense & own due diligence. Ideally located minutes from Highway 404, Gormley GO Station, Lake Wilcox Park, golf courses & shopping, w/ nearby highly ranked schools including Alexander Mackenzie High Schl & Richmond Green Secondary Schl, both ranked among Ontario's top 10% of secondary schls in the Fraser Institute's 2025 rankings.*Vendor Take Back (VTB) financing available for consideration, subject to terms*
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Age Groups
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Owners vs Renters
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$5,134/mo
Mortgage (principal + interest)$4,860
Property taxFrom listing: $3,299/yr$275
Minimum $104,900 down for this price; the slider moves in whole percent, starting at 9%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$259,800
Ontario land transfer taxProvincial brackets, no first-time refund$22,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$285,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Richmond Hill has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
