156 Tower Hill Road, Richmond Hill, ON
Jefferson, Richmond Hill · MLS® N13161948
About this home
In short
- Welcome to 156 Tower Hill Road - a meticulously upgraded detached home on a coveted 50 ft lot backing directly onto a protected ravine, in prestigious Jefferson.
- Approximately 3,800 sq ft of beautifully appointed space showcases extensive custom millwork - picture-frame wainscoting, layered tray ceilings, statement crystal...
- The renovated chef's kitchen is the showstopper: floor-to-ceiling custom white cabinetry with brass hardware, Calacatta-style quartz with full-height bookmatched...
- Fully self-contained 1-bedroom apartment with kitchen, living room, and its own grade-level walk-out into the ravine yard.
- Ravine-backing homes with walk-out basements are rare - pride of ownership shines throughout.
Welcome to 156 Tower Hill Road - a meticulously upgraded detached home on a coveted 50 ft lot backing directly onto a protected ravine, in prestigious Jefferson. Every rear window frames uninterrupted treetop views, and the home opens to the outdoors across two full levels of walk-out living. No rear neighbors ever. Approximately 3,800 sq ft of beautifully appointed space showcases extensive custom millwork - picture-frame wainscoting, layered tray ceilings, statement crystal chandeliers, and rich dark hardwood throughout. A dramatic two-storey foyer with arched transom windows and oak staircase sets the tone. Formal living and dining feature classical paneling, marble-surround gas fireplace, and gleaming chandeliers. The renovated chef's kitchen is the showstopper: floor-to-ceiling custom white cabinetry with brass hardware, Calacatta-style quartz with full-height bookmatched backsplash, oversized charcoal island with breakfast seating, designer gold pendants, stainless appliances. Walk out to the elevated glass-railed deck - your private treetop terrace overlooking the ravine canopy. The family room extends the nature connection with custom built-in bookshelves, cozy fireplace, and oversized ravine-facing windows. Upstairs, four generous bedrooms include a luxurious primary retreat with spa-inspired 5-piece ensuite - frameless glass shower, corner soaker tub beneath a crystal chandelier, double quartz vanity, walnut accents, marble flooring. Over $150,000 renovation. Direct access to house from garage. The walk-out lower level is a true second home. Fully self-contained 1-bedroom apartment with kitchen, living room, and its own grade-level walk-out into the ravine yard. Ideal for in-laws, nanny suite, or rental income with private access. Top-ranked Schools: St. Theresa of Lisieux CHS , Richmond Hill HS, parks, ravine trails, and Yonge Street. Ravine-backing homes with walk-out basements are rare - pride of ownership shines throughout.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13161948
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 49.21 × 80.38 ft
- Cross streets
- Yonge/Tower Hill Rd
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out, Separate Entrance, Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,520 / 2026
- Days on market
- 150
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
hardwood floor · 4 pc ensuite · large closet
hardwood floor · walk-in closet(s) · 6 pc ensuite
hardwood floor · semi ensuite · overlooks ravine
hardwood floor · semi ensuite
hardwood floor · pot lights · wainscoting
renovated · centre island · quartz counter
hardwood floor · fireplace · large window
hardwood floor · pot lights · wainscoting
Porcelain Floor
stone floor · overlooks ravine · w/o to deck
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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 $613/sqft; this home lists at $654/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
Jefferson, Richmond Hill, ON
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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) →
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,438,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,953
- Property tax
- $627
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,580
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,435
- Estimated closing costs
- $32,435
Plus your down payment of $359,600. 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
- $477,190
- Principal paid down
- $175,746
- Interest paid
- $301,444
- Balance remaining
- $1,262,654
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS®/PropTx.