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.
Welcome to 42 Oak Ave, ideally situated in the prestigious South Richvale community of Richmond Hill. This beautiful bungalow, built in 1999, sits on an impressive 45 241.5 ft lot, offering exceptional depth, privacy and endless possibilities. The home features skylights and a functional, spacious layout with excellent potential for those looking to renovate, modernize and create a truly customized residence in one of Richmond Hill's most sought-after neighbourhoods. Whether you envision a sophisticated contemporary update or a complete transformation, this property provides a fantastic foundation to bring your vision to life. The clean, unfinished basement offers a blank canvas ready to be completed to suit your needs-perfect for additional living space, a recreation room, home gym, office, theatre or guest accommodations. Additional highlights include an attractive interlock driveway, a new fence installed in August 2026, and a lift providing access from the garage into the home. A rare opportunity to own a bungalow on an exceptionally deep lot in prestigious South Richvale. Enjoy the existing home as-is, renovate to your taste, or explore the future potential this property and location have to offer. Close to excellent schools, 407 ETR, parks, shopping, restaurants, transit and major highways.
Property Details
Listing
MLS® number
N13687174
Status
For Sale
Listed
Aug 17, 2026
Last updated
Oct 28, 2026
Possession
Immediate
Building
Type
Detached
Style
Bungalow
Approx. age
Not provided by brokerage
Approx. size
2,000–2,500 ft²
Basement
Unfinished
Lot
Frontage
45.00 ft
Depth
241.50 ft
Lot area
≈ 10,868 ft² (calculated)
View
North
Community
South Richvale
Parking & utilities
Garage
Attached, Garage, 2 spaces
Driveway
Private Double, 4 spaces
Heating
Forced Air
Cooling
Central Air
Water / sewer
Not provided by brokerage
Taxes
Property tax
$10,915 / 2025
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
INTERCITY REALTY INC.
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 3
Kitchens: 1 above grade
Basement: Unfinished
Heating: Forced Air
Cooling: Central Air
Fireplace: Yes
Fireplaces: 1
Central vacuum: Yes
Exterior
Pool features: None
Property features: Hospital, Public Transit, Rec./Commun.Centre
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
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$8,799/mo
Mortgage (principal + interest)$7,890
Property taxFrom listing: $10,915/yr$910
Minimum 20% ($421,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$421,800
Ontario land transfer taxProvincial brackets, no first-time refund$39,200
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$463,800
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.
