314 Tower Hill Road, Richmond Hill, ON
Jefferson, Richmond Hill · MLS® N13522286
About this home
Welcome To 314 Tower Hill Rd, A Spacious And Elegant Family Home Located In The Prestigious Jefferson Community of Richmond Hill. This Beautifully Property Offers 5 Generous Bedrooms, 4 Well-Appointed Washrooms, And A Bright, Open-Concept Layout Ideal For Modern Living. The Main Floor Features 10-Foot Ceilings, Creating An impressive Sense Of Space And Luxury, Highlighting With Excellent Finishes And Functional Design. Over-Sized Windows & Skylight Bring In Abundant Natural Light. The Expansive Gourmet Kitchen, Living, And Dining Areas Provide Perfect Setting For Family Gatherings And Entertaining. A Rare Found Five Spacious Bedrooms Offer Comfort And Privacy For Large Or Multi-Generational Families. The Primary Suite Is Combined W/ A Sitting Area, Ample Closet Space And A Luxury 5-Pc Ensuite. Stepping Out Of The Patio Door, Enjoy A Beautiful Garden With Professional Landscaping, Contemporary Glass & Stone Patio, Hot Tub & Built-In BBQ. More Luxury Features Including : Professional Finished Basement, Heated Garage, Skylit, Underground Sprinkler System, Garden Shed, BBQ Hookup & More... Located In One Of The Richmond Hill's Most Sought-After Neighborhoods, This Home Is Surrounded By Top-Ranked Schools: Such As Richmond Hill High School, St. Theresa of Lisieux CHS, And Trillium Woods PS (Verify Boundaries). Walking Distance To Parks, Trails, Plaza, Public Transit & Everything. Located In A Well-Planned Community , Family-Friendly Environment & A Safe Neighborhood. A Must See.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13522286
- Bedrooms
- 5
- Bathrooms
- 5 (2 half)
- Size
- 3000-3500
- Lot
- 44.86 × 92.62 ft
- Cross streets
- Bahtrust and Jefferson Side Road
- Parking
- 2 garage · 4 parking (built-in)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,951 / 2026
- Days on market
- 14
- Listing brokerage
- LANDSTARS 360 REALTY INC.
Rooms
bow window · pot lights · south view
natural finish · large closet · hardwood floor
coffered ceiling(s) · combined w/living · hardwood floor
b/i shelves · pot lights · laminate
modern kitchen · stainless steel appl · pass through
2 pc bath · pot lights · natural finish
eat-in kitchen · w/o to patio · ceramic floor
open concept · b/i bookcase · gas fireplace
4 pc ensuite · walk-in closet(s) · hardwood floor
4 pc ensuite · bow window · large closet
5 pc ensuite · combined w/sitting · walk-in closet(s)
casement windows · large closet · hardwood floor
Listed at $1,799,000, this home is about 3% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 14 similar homes nearby, adjusted for size, beds, and baths.Median of 14 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.77M, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.99M
- Bedrooms +$30K
- Adjusts to $2.02M
That comparable adjusts to $2.02M; the $1.86M estimate above is the median of all 14 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Richmond Hill HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.86M, median of 14 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 10% below the area average of $613/sqft.
8 days longer than the Richmond Hill average (6 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Jefferson, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
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.
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 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $1,439,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,680
- Property tax
- $663
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,343
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,455
- Estimated closing costs
- $32,455
Plus your down payment of $359,800. 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
- $460,806
- Principal paid down
- $183,282
- Interest paid
- $277,524
- Balance remaining
- $1,255,918
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
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 LANDSTARS 360 REALTY INC.. MLS®/PropTx.