55 Gerden Drive, Richmond Hill, ON
Rural Richmond Hill, Richmond Hill · MLS® N13431858
About this home
In short
- Situated in the highly sought after Richlands community, this exceptional residence represents a rare offering on the market combining luxury, scale, and functional...
- Offering over 4,600 sq. ft. of above grade living space plus a walkout basement, this double car garage home showcases refined craftsmanship with hardwood flooring...
- The thoughtfully designed lower level features 9' ceilings, a spacious recreation room, a private guest suite with ensuite, and direct garage access, providing both...
- The main floor impresses with soaring 10' ceilings and an expansive open-concept layout, highlighted by a contemporary chef-inspired kitchen with a large central...
- The upgraded walk-out basement includes 9' ceilings, a separate entrance, and direct access to a private fenced backyard overlooking the pond, filled with natural...
Situated in the highly sought after Richlands community, this exceptional residence represents a rare offering on the market combining luxury, scale, and functional design in one of the area's most desirable enclaves.Offering over 4,600 sq. ft. of above grade living space plus a walkout basement, this double car garage home showcases refined craftsmanship with hardwood flooring throughout and an outstanding layout rarely found in today's market.The thoughtfully designed lower level features 9' ceilings, a spacious recreation room, a private guest suite with ensuite, and direct garage access, providing both convenience and versatility.The main floor impresses with soaring 10' ceilings and an expansive open-concept layout, highlighted by a contemporary chef-inspired kitchen with a large central island and dedicated prep area. The elegant family room features a double-sided fireplace, seamlessly connected to a refined library/office space.The upper level offers four generously sized bedrooms, each with 9' ceilings and its own private ensuite, complemented by a well-appointed upper-level laundry room for everyday convenience.The upgraded walk-out basement includes 9' ceilings, a separate entrance, and direct access to a private fenced backyard overlooking the pond, filled with natural light and offering an exceptional indoor-outdoor lifestyle.Ideally located within close proximity to Richmond Green Secondary School, scenic parks, and premier amenities including Costco, Home Depot, supermarkets, and major shopping destinations, this residence delivers unmatched convenience in a prestigious setting-truly a rare opportunity not to be missed.
Key facts
- Property type
- Detached, 3-Storey
- MLS®
- N13431858
- Bedrooms
- 5
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 41.08 × 120.27 ft
- Cross streets
- Leslie St & Elgin Mills Rd
- Parking
- 2 garage · 4 parking (built-in)
- Basement
- Walk-Out, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,895 / 2025
- Days on market
- 130
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
hardwood floor · ensuite bath · walk-in closet(s)
hardwood floor · double doors · window
hardwood floor · open concept · window
hardwood floor · west view · window
hardwood floor · open concept · w/o to balcony
hardwood floor · 4 pc ensuite · south view
hardwood floor · ensuite bath · walk-in closet(s)
hardwood floor · open concept · window
hardwood floor · fireplace · south view
granite counters · centre island · juliette balcony
ceramic floor · open concept · window
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · ensuite bath · walk-in closet(s)
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $627/sqft; this home lists at $624/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
Rural Richmond Hill, 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 $2,120,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,722
- Property tax
- $991
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,713
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $52,725
- Estimated closing costs
- $52,725
Plus your down payment of $530,000. 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
- $703,311
- Principal paid down
- $259,025
- Interest paid
- $444,286
- Balance remaining
- $1,860,975
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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.