48 Weldrick Road, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13557434
About this home
In short
- Located In The Heart Of Richmond Hill, This Large Detached Home Sits On A Rare, Flat Lot Just Under One Acre Offering Space, Privacy, And A Unique Opportunity For...
- Great Opportunity for Builders and Investors looking to capitalize on future development potential.
- The Home Features 5 Bedrooms, Including A Convenient Main Floor Bedroom Suitable For Guests, Extended Family, Or A Home Office.
- The Fully Finished Basement Includes A Full Kitchen, Ample Living Space, And Significant Storage, Providing Flexibility For Multi-Generational Living Or Additional...
- Conveniently Located Close To Schools, Parks, Shopping, And Major Routes, This Property Combines A Quiet Setting With Access To Everyday Amenities.
Located In The Heart Of Richmond Hill, This Large Detached Home Sits On A Rare, Flat Lot Just Under One Acre Offering Space, Privacy, And A Unique Opportunity For Buyers Looking To Personalize A Property To Their Own Taste. Great Opportunity for Builders and Investors looking to capitalize on future development potential! The Home Features 5 Bedrooms, Including A Convenient Main Floor Bedroom Suitable For Guests, Extended Family, Or A Home Office. The Home Welcomes You With A Spacious Foyer Featuring Original Wood Staircase Details. Generous Living And Family Rooms Provide Ample Space For Gatherings, Everyday Living, And Creating Lasting Family Memories. The Layout Is Functional And Spacious, With Generous Principal Rooms And Plenty Of Natural Light Throughout. The Fully Finished Basement Includes A Full Kitchen, Ample Living Space, And Significant Storage, Providing Flexibility For Multi-Generational Living Or Additional Useable Space.The Interior Reflects Its Original 1980s Design And Has Been Well Maintained Over The Years, Showing Clear Pride Of Ownership. There Is No Carpet Throughout The Home, Offering A clean and practical foundation for future updates.The Property Itself Is A Standout Feature-Flat, Expansive, And Just Under An Acre-Providing Plenty Of Outdoor Space For Recreation, Gardening, Or Future Plans.Conveniently Located Close To Schools, Parks, Shopping, And Major Routes, This Property Combines A Quiet Setting With Access To Everyday Amenities. A Solid Home With Strong Potential In A Well-Established Richmond Hill Neighbourhood.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13557434
- Bedrooms
- 5
- Bathrooms
- 4
- Size
- 3000-3500 sq ft
- Lot
- 50 × 415 ft
- Cross streets
- Carrville Road and Yonge Street
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Walk-Up, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,335 / 2025
- Days on market
- 98
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
hardwood floor · walk-in closet(s) · window
4 pc bath · tile floor
4 pc ensuite · bidet · window
double sink · 6 pc bath · bidet
open concept · wood stove · tile floor
walk-in closet(s) · window · parquet
hardwood floor · window · walk-in closet(s)
hardwood floor · combined w/dining · wood trim
hardwood floor · combined w/living · wood trim
fireplace · parquet
hardwood floor · walk-in closet(s) · window
eat-in kitchen · tile floor · b/i desk
w/o to yard · tile floor
Listed at $1,999,000. Going by how homes in North Richvale and the wider GTA have actually closed against their asking prices (about 97%, 16 local closings in 90 days), the likely sale price is near $1.94M, if it sells. A realistic range is $1.81M to $2.18M.
Independent value check: $2.02M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $1.89M and $2.12M).
Why $2.02M. The typical detached home sold in North Richvale over the past year went for about $1.28M (60 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $11,335 a year; the typical home sold here pays about $6,400.
- ▲ Raises itIts lot is 50 by 415 ft; the typical lot sold here is 40 by 120.
- ▲ Raises itIt is 3,000 to 3,500 sq ft; the typical home sold here is 1,500 to 2,000.
Total price vs nearby homes. Likely closing about $1.94M, from 16 recent closings in this pocket.
The market behind the math:
About 0.9 months of inventory: 5 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $615/sqft against an area asking average of $694/sqft.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.69M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Based on 16 comparable homes that sold in North Richvale over the past two years, from 147 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 $659/sqft; this home lists at $615/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Richmond Hill: $1.44M in September 2026, down 4% from a year ago, on 948 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Richmond Hill as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 86 |
| November 2025 | $1.47M | 77 |
| December 2025 | $1.68M | 48 |
| January 2026 | $1.48M | 52 |
| February 2026 | $1.52M | 57 |
| March 2026 | $1.49M | 70 |
| April 2026 | $1.50M | 73 |
| May 2026 | $1.46M | 114 |
| June 2026 | $1.50M | 119 |
| July 2026 | $1.50M | 92 |
| August 2026 | $1.48M | 80 |
| September 2026 | $1.44M | 80 |
Neighbourhood & location
North Richvale, 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) →
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 19, 2026); conventional rates run a little higher.
Mortgage amount $1,599,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,842
- Property tax
- $945
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,787
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Estimated closing costs
- $36,455
Plus your down payment of $399,800. 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
- $530,535
- Principal paid down
- $195,393
- Interest paid
- $335,142
- Balance remaining
- $1,403,807
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 numbersThe last 6 whole-home leases in North Richvale signed at a median of $3,789 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,373. 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 SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.