19 Petrolia Court, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N12901628
About this home
In short
- Client RemarksWelcome to 19 Petrolia Court, an exquisite residence that combines modern luxury with timeless elegance.
- This fully renovated home features seven spacious bedrooms and seven bathrooms, with intercom, surround sound sound, and high end custom security features, offering a...
- Upon entering, you are greeted by an inviting foyer that leads to a formal home office; an open concept living and dining room featuring a grand piano; a gourmet...
- The walk out deck from the breakfast area overlooks a pie-shaped lot that provides great privacy and is ideal for both relaxation and entertainment, complete with a...
- The walk-out basement is an entertainers dream, featuring a fully equipped gym, a wine cellar, a dry sauna, and two additional bedrooms and bathrooms.
Client RemarksWelcome to 19 Petrolia Court, an exquisite residence that combines modern luxury with timeless elegance. This fully renovated home features seven spacious bedrooms and seven bathrooms, with intercom, surround sound sound, and high end custom security features, offering a lifestyle of unparalleled comfort and sophistication. Upon entering, you are greeted by an inviting foyer that leads to a formal home office; an open concept living and dining room featuring a grand piano; a gourmet kitchen, adorned with onyx countertops, heated floors, surround sound and top of the line built in appliance. With a walk-out balcony perfect for alfresco dining; and a family room with floor to ceiling windows. The walk out deck from the breakfast area overlooks a pie-shaped lot that provides great privacy and is ideal for both relaxation and entertainment, complete with a basketball court and a cozy fire pit. The primary bedroom suite is a haven of tranquility, boasting a large change room style closet and a luxurious ensuite bathroom. Each secondary bedroom is equally impressive, featuring its own walk-in closet and private ensuite, ensuring comfort and privacy for all family members. Designed to cater to all your needs, this home includes two dedicated office spaces for remote work or study. The walk-out basement is an entertainers dream, featuring a fully equipped gym, a wine cellar, a dry sauna, and two additional bedrooms and bathrooms. Additional highlights of this property include security cameras and shutters for ultimate protection, a 3-car garage, and a heated driveway that accommodates up to 5 vehicles. The attention to detail is evident in every corner of this home, from the high-end finishes to the thoughtfully designed spaces.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N12901628
- Bedrooms
- 5+2 (7 total)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 44.6 × 174.64 ft
- Cross streets
- Carrville Rd/ Avenue Rd
- Parking
- 3 garage · 8 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Apartment
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $16,154 / 2025
- Days on market
- 185
- Listing brokerage
- RE/MAX PREMIER INC.
Rooms
walk-in closet(s) · 4 pc ensuite
bay window · w/o to deck · combined w/kitchen
walk-in closet(s) · 2 pc bath
walk-in closet(s) · hardwood floor · 5 pc ensuite
walk-in closet(s) · 3 pc ensuite
window floor to ceiling · electric fireplace · coffered ceiling(s)
open concept · hardwood floor · combined w/living
b/i appliances · centre island · breakfast area
large window · hardwood floor · coffered ceiling(s)
w/o to yard · sauna
open concept · hardwood floor · combined w/dining
Listed at $4,299,888. Recent sales of homes like it put this home around $2.77M, so the ask is about 55% above them. A gap this wide is more often a limit of an automated comparison than a fact about the home, so treat the figure as a starting point, not a verdict.
Longer on the market than typical. 185 days on the market against about 43 for homes like it here, and asking 55% above where comparable closings put it.
Total price vs nearby homes. Fair value about $2.77M, learned from recent GTA sales.
The market behind the math:
About 3.8 months of inventory: 10 detached homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,012/sqft against an area asking average of $967/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. Basements do rent in South Richvale: 18 of the 72 detached leases here lately were basement units, around $2,050 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.78M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Charles Howitt PS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($1,012/sqft) is in line with the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 20 comparable homes that sold in South Richvale over the past two years, from 91 closings there.
For sale
For sale
For sale
For sale
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For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $890/sqft; this home lists at $1,012/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
South Richvale, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Richmond Hill.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 11 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $3,439,910 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $18,829
- Property tax
- $1,346
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20,175
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $93,972
- Estimated closing costs
- $93,972
Plus your down payment of $859,978. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $1,129,751
- Principal paid down
- $425,319
- Interest paid
- $704,431
- Balance remaining
- $3,014,591
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in South Richvale (18 of 72 recent detached leases were basement units, around $2,050 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,050 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in South Richvale signed at a median of $7,356 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,254. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PREMIER INC.. MLS®/PropTx.