415 Marybay Crescent, Richmond Hill, ON
Crosby, Richmond Hill · MLS® N13054804
About this home
In short
- Welcome to this exquisite, fully renovated bungalow with a custom addition, ideally situated in the highly desirable Crosby community.
- Step inside to a bright, modern open-concept layout featuring a designer kitchen with extended cabinetry, stainless steel appliances, and stunning quartz countertops.
- The spacious primary suite is a true retreat, complete with a spa-inspired 4-piece ensuite.
- Enjoy the rare bonus of a fully finished 1-bedroom basement apartment with a massive rec room and separate entrance - perfect for extended family or rental income...
- Located in a top-rated school district close to parks, transit, shops & all amenities.
Welcome to this exquisite, fully renovated bungalow with a custom addition, ideally situated in the highly desirable Crosby community! Beautifully finished with elegant Roman-style stucco exterior offering timeless curb appeal. Step inside to a bright, modern open-concept layout featuring a designer kitchen with extended cabinetry, stainless steel appliances, and stunning quartz countertops. The spacious primary suite is a true retreat, complete with a spa-inspired 4-piece ensuite. Enjoy the rare bonus of a fully finished 1-bedroom basement apartment with a massive rec room and separate entrance - perfect for extended family or rental income potential. Feng Shui certified by Master Ng - boasting 2 wealth centres and exceptional energy for learning, health, and relationships! Located in a top-rated school district close to parks, transit, shops & all amenities. A turn-key opportunity you won't want to miss!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13054804
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3
- Size
- 1500-2000 sq ft
- Lot
- 51 × 99.4 ft
- Cross streets
- Bayview & Elgin Mills
- Parking
- 5 parking
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,100 / 2026
- Days on market
- 145
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
ceramic floor · open concept · window
laminate · his and hers closets · 4 pc ensuite
laminate · large closet · window
ceramic floor · combined w/kitchen · fluorescent
ceramic floor · breakfast area · window
ceramic floor · stainless steel appl · pot lights
laminate · large closet · window
laminate · b/i bar · pot lights
laminate · large window · south view
ceramic floor · window · separate room
Listed at $1,199,800 with no offer date. Homes here have been closing close to ask, so my read is $1.19M, typically $1.12M to $1.22M. Comparable closings on their own put this home around $1.15M, which supports the ask, so this is a firm read.
Longer on the market than typical. 145 days on the market against about 35 for homes like it here, and asking 4% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.19M, from 20 recent closings in this pocket.
The market behind the math:
About 0.9 months of inventory: 6 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $686/sqft against an area asking average of $852/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Crosby: 78 of the 294 detached leases here lately were basement units, around $1,750 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 $1.03M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Bayview SS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 20 comparable homes that sold in Crosby over the past two years, from 94 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.15M, which is where my estimate comes from.
Per square foot, these ask about $879/sqft; this home lists at $686/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesNeighbourhood & location
Crosby, 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: 12 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
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 $959,840 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,254
- Property tax
- $508
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,762
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,471
- Estimated closing costs
- $20,471
Plus your down payment of $239,960. 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
- $315,235
- Principal paid down
- $118,677
- Interest paid
- $196,558
- Balance remaining
- $841,163
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 Crosby (78 of 294 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 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 59 whole-home leases in Crosby signed at a median of $3,027 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,559. 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 HALLMARK REALTY LTD.. MLS®/PropTx.