165 Stephenson Crescent, Richmond Hill, ON
Crosby, Richmond Hill · MLS® N13432264
About this home
In short
- Spend so much money in extensively renovations with quality upgrades throughout, including new hardwood flooring, a modern kitchen, updated bathrooms, and brand-new...
- 3 Bedroom opened and added up to 2nd bedroom in order to make large bedroom, easily can be converted back to original 3rd bedroom.
- The basement is currently tenanted, with the tenant willing to stay or vacate.
Spend so much money in extensively renovations with quality upgrades throughout, including new hardwood flooring, a modern kitchen, updated bathrooms, and brand-new windows. 3 Bedroom opened and added up to 2nd bedroom in order to make large bedroom, easily can be converted back to original 3rd bedroom. Conveniently located close to all amenities, including shopping centers, public transit, GO Train station, churches, schools, and more. The basement is currently tenanted, with the tenant willing to stay or vacate. Enjoy a fully fenced backyard in a quiet, family-friendly Neighbourhood. A lot more to discover.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13432264
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 34.45 × 118.27 ft
- Cross streets
- Yonge St./Crosby Ave.
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $5,000 / 2025
- Days on market
- 101
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
combined w/living · hardwood floor · fireplace
combined w/dining · hardwood floor
closet · hardwood floor · 3 pc ensuite
closet · hardwood floor
walk-in closet(s) · hardwood floor · 3 pc ensuite
3 pc bath · combined w/laundry
combined w/kitchen · hardwood floor · w/o to yard
breakfast area · hardwood floor · open concept
Listed at $1,188,000. Recent sales of homes like it put this one around $1.03M, so the ask is about 15% above what similar homes have sold for.
If it sells at this ask, expect about $1.18M, typically $1.11M to $1.20M: that is where homes here have closed against their asks in the last 90 days (20 closings).
Longer on the market than typical. 101 days on the market against about 35 for homes like it here, and asking 15% above where comparable closings put it.
Total price vs nearby homes. Fair value about $1.03M, learned from recent GTA sales.
The market behind the math:
About 1.2 months of inventory: 8 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 $914/sqft against an area asking average of $675/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. 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 60 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $906K. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Alexander Mackenzie HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 60 comparable homes that sold in Crosby over the past two years, from 94 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $764/sqft; this home lists at $914/sqft. Size is part of the price story, not just the sticker.
The 3 closest 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 $950,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,202
- Property tax
- $417
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,619
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,235
- Estimated closing costs
- $20,235
Plus your down payment of $237,600. 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
- $312,135
- Principal paid down
- $117,510
- Interest paid
- $194,625
- Balance remaining
- $832,890
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 83 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 $3,336. 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 CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.