Richmond Hill Real Estate | Houses For Sale in Richmond Hill

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Detached

113 Talmage Ave, Crosby, Richmond Hill, Ontario L4C3J9

ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE
3+1Bedroom(s)
2Bathroom(s)
22Picture(s)
Magnificent Detached Home Located In The Heart Of Richmond Hill! Lots Of Upgrades & Improvements. Extended Large Size Living/Dining W. Fireplace & Large Window, Family Size Eat-In Kitchen W. Granite Counter Top And Pot Lights. Large & Bright Bedrooms, Lots Of Storage Space. Finished Basement W.
C$1,399,000

Detached

67 Rockport Cres, Crosby, Richmond Hill, Ontario L4C2L7

BAY STREET GROUP INC., BROKERAGE
3+2Bedroom(s)
2Bathroom(s)
39Picture(s)
One Of The Most Highly Sought After Streets Of Richmond Hill. *Pie Shaped Lot* Aaa School Zone, Famous Bayview Secondary School District. Long & Wide Driveway. Sun Filled Bright And Functional Layout. Top To Bottom Renovation. New Interlock Front And Back, New Floor On Main, New Kitchen With Quartz Countertop. Entire House Fresh Paint, New Oak Stairs To Basement.
C$1,399,000

Detached

390 Taylor Mills Dr, Crosby, Richmond Hill, Ontario L4C2T1

HOMELIFE NEW WORLD REALTY INC., BROKERAGE
3+2Bedroom(s)
3Bathroom(s)
11Picture(s)
Great Opportunity In Crosby Location, Great For First Time Buyers,Retirees Or Even Investors! 3 Bedroom Brick Bungalow With Separate Side Entrance Extra Wide 53 Ft Frontage.
C$1,438,000

Detached

26 Douglas Rd, Oak Ridges Lake Wilcox, Richmond Hill, Ontario L4E3G9

RE/MAX ALL-STARS BENCZIK KAVANAGH TEAM, BROKERAGE
3+2Bedroom(s)
2Bathroom(s)
22Picture(s)
Beautiful Property! Over One Acre In Oak Ridges! Desirable Lake Wilcox Community & Surrounded By Custom Homes. Ideal Location, Close To Schools, Transit, Parks, Oak Ridges Library And Yonge St With Many Local Restaurants And Shopping. Walking Distance To Lake Wilcox Featuring A Waterfront Park That Includes A Playground, Youth Area, Boardwalk And The Oak Ridges Community Centre.
C$1,449,000

Detached

168 Bernard Ave, Devonsleigh, Richmond Hill, Ontario L4S1E3

CENTURY 21 LEADING EDGE REALTY INC., BROKERAGE
4+2Bedroom(s)
4Bathroom(s)
29Picture(s)
Demand Location! And...Everything You Want In A Home..Upgraded <detached..4 Bdrm,4Bath,2Kitchens> And A Home W/ Large Family Rm..Fireplace..In-Laws Quarter In Finished Bsmt W/2nd Kitchen <2-Car Garage Has In-House Access> Main Floor Laundry..All Top Quality S/S Appliances <kitchen Breakfast Centre Island & Granite Countertop> Hardwood Flr Throughout..
C$1,457,000

Detached

36 Sundew Lane, Oak Ridges Lake Wilcox, Richmond Hill, Ontario L4E1C3

FIRST CLASS REALTY INC., BROKERAGE
4+2Bedroom(s)
3Bathroom(s)
33Picture(s)
Morden Detached House By Acorn In Oak Ridges Community.
C$1,459,900

Detached

200 Humberland Dr, Oak Ridges, Richmond Hill, Ontario L4E3T3

ROYAL LEPAGE YOUR COMMUNITY REALTY, BROKERAGE
4+2Bedroom(s)
3Bathroom(s)
36Picture(s)
Pristine Bright Home Located In Demand " Humberlands' Community |original Owner | Home Boasts Neutral Paint Decor | Potlights | Oversized Porcelain Tiles | Handscraped Eng Hardwood Floors | Combined Living & Dining Rm | Updated White Gourmet Kitchen - Italian Glass Backsplash - Quartz Ctp - Plenty Of Cabinet Space - Large Breakfast Bar | S/S Appliances | 4 Bedrooms | Primary Bedrm Ensuit
C$1,469,000

Detached

5 Pavarotti Dr, Oak Ridges, Richmond Hill, Ontario L4E0R5

CENTURY 21 INNOVATIVE REALTY INC., BROKERAGE
4+2Bedroom(s)
4Bathroom(s)
38Picture(s)
Offers Anytime!Priced To Sell!No Offer Presentations!Welcome To Luxury & Class At 5 Pavarotti Dr In Beautiful Oak Ridges.Gorgeous&Immaculate Home W/ Brick/Stucco Exterior.4 Bedroom 4 Washroom Detached House With A Double Door Entrance Located In A Quiet Residential Neighborhood In Richmond Hill.
C$1,479,900

Detached

30 Muirhead Cres, Rural Richmond Hill, Richmond Hill, Ontario L4E3M7

RE/MAX REALTRON REALTY INC., BROKERAGE
3+2Bedroom(s)
1Bathroom(s)
7Picture(s)
C$1,480,000

Detached

29 Misty Moor Dr, South Richvale, Richmond Hill, Ontario L4C6P9

RE/MAX REALTRON REALTY INC., BROKERAGE
3+1Bedroom(s)
4Bathroom(s)
24Picture(s)
Your Search Ends Right Here! Stunning Updated Detached Home In Prime South Richvale Situated On A Quiet Treed Cul-De-Sac Road Backing Onto Chapman Park! Very Cozy Bright Home With A Functional Layout Boasting 3 + 1 Bedrooms And 4 Bath! Recent Updates Includes New Roof (2021) Newer Laminate Floors, New Kitchen Countertops And Backsplash, And New Master En-Suite.
C$1,488,000

Detached

6 Sundew Lane, Oak Ridges, Richmond Hill, Ontario L4E 0E4

RE/MAX KEY2 REAL ESTATE, BROKERAGE
4+1Bedroom(s)
3Bathroom(s)
39Picture(s)
Motivated Sellers! Open Concept 4 Bedroom, 3 Washroom Home - Detached Double Car Garage On Premium Corner Lot In High Demand Oak Ridges! | 9Ft Ceilings & Upgraded Hardwood Floors & Modern Blinds Throughout | Pot Lights On Main Floor & Primary Bedroom | Kitchen Features Large Breakfast Area, Stainless Steel Appliances, & Plenty Of Storage Space | Family Room With Gas Fireplace | Pri
C$1,490,000

Detached

2 Mandel Cres, Devonsleigh, Richmond Hill, Ontario L4C9Z7

EXP REALTY, BROKERAGE
4+3Bedroom(s)
6Bathroom(s)
40Picture(s)
Welcome To The Beautiful 4+3 Detached House Located In A Great Neighborhood *Pot Light Thru-Out *New Air Conditioner (21) *Upgraded Water Filter Sys (19), Gar Door (19), Roof & Insulation (17) *Sun-Filled Large Family Rm W/Custom Designed Fireplace *Granite Counter Top W/ B/I Oven, Centre Island With B/I Wine & Bar Fridge *Large Size 4 Bdrms *Finished Basement W/ 3 Bdrms & 2 Bath W/Sep
C$1,498,000
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Everything about Richmond Hill

Richmond Hill, with the motto of “a little north a little nicer” is known as one of Canada’s fastest-growing communities. It is a suburb north of Toronto, Ontario that is famous for its stable economy and landmarks, located around 20 kilometers north of the city of Toronto.

Richmond Hill has blossomed since the early 1990s, becoming one of Canada’s most prosperous cities. There are many subdivisions and condo communities that make up Richmond Hill.

There are a number of private schools in Richmond Hill, the public school system is also excellent. Students are from diverse backgrounds which leads to one of the best aspects of Richmond Hill: the combination of various cultural communities that live side-by-side.

 

Life in Richmond Hill

Considered as one of the best Canadian cities, Richmond Hill is occupied by over 200,000 residents. It is a thriving economy with high living standards and employment rate.

Since the city is small, it only occupies 100 square kilometers of land and the districts are not clearly define. It is home to over 20 neighborhoods which are all remarkable, a cultural hub for people from all walks of life, speaking more than 126 languages. Being in the heart of the GTA, it has easy access to major transportation systems. Let’s take a brief look at the most famous areas:

Yonge Street is one of the fastest growing and busiest streets in the city of Richmond Hill. It occupies a section of the old downtown area which has a combination of old and new houses and is a major transit hub thanks to the Go Train service which connects commuters to Toronto’s downtown Union Station.

Oak Ridges is also an excellent neighborhood in the city that is located on the northern end of Richmond Hill, surrounded by parks and farmlands. Despite its location, the neighborhood continues to expand in terms of infrastructure and population.

Jefferson is a small neighborhood that has become a hotspot for the young families and couples looking to live in a modern setting. Its area is great for all kinds of households, but families are the largest group with a large percentage of young children.

Other famous neighborhoods include East Beaver Creek, Bayview Hill, Windham, Richvale, Hillsview, Mill Pond, Elgin Mills, and many others.

Richmond Hill is a city which is part of the Greater Toronto Area within the province of Ontario. This city is located around 20 kilometers north of the city of Toronto. It currently hosts a total population of roughly 185,500 and occupies 100 square kilometers of land.

This city has been widely considered to be one of the country’s fastest growing communities with respect to population growth, and its economy has also increased over the years.

This seems to fall in line with the town’s motto of “En la rose, je fleuris” (Like the rose, I flourish).

The size of Richmond hill is quite small in area and population has not stopped it from experiencing significant economic growth. With an unemployment rate that stays under 4% and an average household income of roughly $100,000, this city is beating the national and provincial averages for economic metrics by large margins.

Particularly, there has been a very sharp rise in the number of people employed in the manufacturing, business, construction, and wholesale/retail sectors. Almost half of Richmond Hill’s residents earn over $100,000, making it one of the more affluent cities in Ontario. The city’s employment rate is also quite high with almost 67% of the population gainfully employe. Richmond Hill is nestled between the communities of Newmarket, Vaughan, Markham, and Toronto in the southern section of the province. Over 195,000 people reside in the city’s more than 101 square kilometer area. There are many lakes in Richmond Hill, including the larger St. George Lake, Bond Lake, Wilcox Lake, Phillips Lake, Haynes Lake, and Swan Lake, most of which are in the northern area of the city. Several golf courses can also be found in Richmond Hill, as can walking and numerous parks and biking trails.

 

Richmond Hill Real Estate

Homes that are for sale in Richmond Hill, ON quite vary, with prices ranging from $24,900 to $11,980,000. To buy a house in Richmond Hill, the average market price is $1,354,000 and has a 25% Price difference from last year. Currently, 36 real estate listings in Richmond Hill listed the active average price as $630,276.67 and the highest price as $1,688,000.00. Presently, properties might include Attached Homes, Single Family, For Sale by Owner, Detached Homes, townhomes, Luxury homes, lake homes, bank foreclosures real estate. The highest priced Richmond Hill real estate listing is $1,688,000.00 lowest priced property is $225000 for an average price $630,276.67. Richmond Hill community property types including new listings, single family detached homes, attached, and townhomes.

Houses for sale in Richmond Hill

The asking price of homes that are for sale in Richmond Hill has increased 2.04% since May last year. The number of homes which are for sale has gone down -6.26%.

Richmond Hill has 64 homes for sale at the moment, including 348 houses, 104 townhouses, and 137 condos listed for sale. The average price to buy a house in Richmond Hill is $1.5M, which is 10% higher than May 2021.

Richmond Hill Real Estate Market

Richmond Hill is known as a wealthy city, and housing prices reflect this obviously, with averages ranging from $800,000 to $1,500,000. In the northern section of the city, you may find many high-priced, luxury homes, many of which are on sprawling lots. Office/retail space and vacant land can also be quite expensive, and there are actually few condo options in this section of the city. The central area provides condo options, and a mix of newer and older single-family homes, as well as some commercial space. Plenty of office condos and space can be found in the southern section, as well as expensive single-family homes.

Richmond Hill houses for rent

Most residents that reside in the city own their homes, while 14% live in rentals with an average lease price of $1,116. Richmond Hill’s rate for vacancy has remained almost unchanged for the past couple of years, sitting at or below 2%. Demand normally exceeds supply with such a low vacancy rate, which is indicated in the increase in rent costs over the past couple of years. Most of the newest rental units are apparently in rented condominiums rather than traditional apartment buildings, and these are normally found in the suburban areas. Smaller apartment buildings have had higher vacancy rates compared to larger buildings, and rent costs for larger buildings are often higher. The average costs for rent in Richmond Hill range from $900 for a bachelor apartment to roughly around $1,500 for an apartment with three bedrooms or more. The rent in much newer buildings is often around $200 to $300 more than rent in older buildings, and vacancy rates for older buildings are much higher than those for newer buildings. There are 120 apartments for rent in Richmond Hill, ON to choose from, with prices between $999 and $6,500 per month.

Richmond Hill Real Estate Agents

As of May 10, 2022, the average annual payment for a Real Estate Agent in Ontario is $80,445 a year. Just in case you need a simple calculator to calculate the salary, that works out to be approximately $38.68 an hour. This equals $1,547/week or $6,704/month.

While salaries are seen as high as $150,000 and as low as $12,500, the majority of Real Estate Agent salaries presently range between $52,000 (25th percentile) to $100,000 (75th percentile) with great earners (90th percentile) gaining $109,000 annually in Ontario.

The average salary of a Real Estate Agent varies greatly (as much as $48,000), which suggests there might be a lot of opportunities for advancement and increased pay based on skill level, years of experience and location.

Any Realtor that you decide to use should have knowledge of the area in which you’re buying and/or selling. This isn’t only about market stats, as these can be found from almost any location. Neighborhood trends, zoning by-laws, future development, family services, local activities, personal interests, etc. are much more difficult to determine from afar, whereas local Realtors will likely be geared with this information or know where to access it easily.

Entertainment

Lots of annual festivals, concerts and parades are available for the entertainment and leisure in the community. Add to this the community spots, recreational centers, and heritage centers, as well as golf clubs, all of which are accessible to the public.

The Town of Richmond Hill has 6 public swimming pools which includes an indoor wave pool. A concert series called “Concerts in the Park” with specific themes takes place every summer. These concerts are mainly held at Mill Pond Park, and some at Richmond Green Park. A museum showcasing the town’s history is open to the public at The Richmond Hill Heritage Centre.

Richmond Hill was awarded the National Communities in Bloom award in 2003. Richmond Hill Centre for the Performing Arts was opened in 2009.

Buying Property in Richmond Hill

Richmond Hill is a valuable investment market, expected to rise by 14.4% each year. Right now the property demand is on the rise due to the population growth and expanding job market.

From row houses to apartments and luxurious homes, the value of properties continues to increase with median prices ranging from $5,805 to $8,515/sqm. Apartments mostly rent for $1,240 to $2,070/month, and in the outskirts, prices range from $1,100 to $1,670/month, so investors can expect lifetime earnings.

Apartment Price

Price per Square Meter to Buy Apartment in City Centre
$11,840.30
Price per Square Meter to Buy Apartment Outside of Centre $8,072.93 CAD

Residents in Richmond Hill pay property taxes on all homes types. When purchasing a home, you get informed about the costs. There is no municipal land transfer tax in effect in Richmond Hill, but the provincial land transfer tax applies to all purchases.

Ontario Land Transfer Tax Rates

Purchase Price Rate
$0 – $55,000 0.5%
$55,000.01 – $250,000 1.0%
$250,000.01 – $400,000 1.5%
$400,000.01 – $2,000,000 2.0%
$2,000,000+ 2.5%

Demographics

As mentioned above, the city has a population of over 200,000 people. Chinese families are the top minority group, forming 30% of the total population, followed by Iranian families -11%- and Italians -10%.

Public Transportation: Roads and Transit

Richmond Hill has easy access to Ontario’s road network. Highway 404 is the major highway which leads directly into the core of Toronto. Highway 404 intersects with Highway 401 which is the principal east-west route in the Greater Toronto Area.

The transportation within Richmond Hill is provided by York Region Transit (YRT) and GO Transit. The commuter train service is also provided by GO Transit on the Richmond Hill line with two stations in the city. Residents can easily travel to Toronto by taking YRT bus.

Retail

Lots of shopping centers are available throughout Richmond Hill. The largest and most popular mall within the city is the Hillcrest Shopping Centre, providing a huge range of products. Smaller shopping options in Richmond Hill include Times Square Richmond Hill, Richmond Heights, and Richlane Mall.

Healthcare

Richmond Hill is home to a variety of health companies that are using cutting-edge technologies to bring better healthcare to Canadians. Mackenzie Hospital is the main center where residents get healthcare services from. Examples of health companies in Richmond Hill are Amico, Apotex, Olympus Canada, and Pro-Lab Diagnostics. In addition, lots of family physicians and Specialists perform their practice in the city of Richmond Hill, making it convenient for residence to ensure their health and safety at all times.

Parks

Richmond Hill has over 200 parks operated by its Parks, Recreation, and Culture department. Free live music and amazing carnivals are often taking place during the year, especially in summer.

One nice thing about life in Richmond Hill is the abundance of green spaces. These green spaces are available in almost every neighbourhood where you can enjoy hiking, outdoor sports, cycling or picnics. Some of these parks include Briar Nine Park and Reserve, French Royalist Park, Hunter’s Point Wildlife Park, Mill Pond Park, Richmond Green and many more.