Bsmt-155 Rideau Drive, Richmond Hill, ON
Langstaff, Richmond Hill · MLS® N13579072
About this home
Two-bedroom basement apartment with a small workstation in a highly desirable Yonge & Hwy 7 location. Ideal for a small family or two adults. Features ensuite laundry and a private separate entrance from the backyard. Rent is $1,600/month plus 25% of utilities. First and last month's rent, a $500 security deposit, 14 post-dated cheques, and two pieces of photo ID from each occupant are required. One-year lease preferred.One parking space included. Tenant to pay an additional $150/month for a second parking space, if required. No pets and no smoking. Tenant must obtain tenant contents and liability insurance. Tenant is not permitted to use the backyard and is responsible for snow removal of their steps, walkway, and parking area. Fireplace is not operational and is excluded from use. Landlord's spouse is a registered real estate salesperson.
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N13579072
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700 sq ft
- Lot
- Not Applicable ac
- Cross streets
- Yonge/ Hwy 7
- Parking
- 1 parking
- Driveway
- Available
- Basement
- Apartment, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Listing brokerage
- RE/MAX ELITE REAL ESTATE
Rooms
laminate · window
Laminate
laminate · open concept · granite counters
laminate · combined w/living
laminate · window
This home is a bit unique, so there are not enough closely comparable rentals nearby for me to trust an automatic number, and I would rather give you a real one than a wrong one. Tell me you are interested and I will pull the most comparable recent leases and send you a straight answer on price, usually the same day.
Ask Moe if this price is fairThe assigned public school is Red Maple PS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Silver Linden Dr / Melville St is about a 2-minute walk away.
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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing.
- Income potential
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Langstaff, Richmond Hill, ON
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Getting around
WalkableA 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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Silver Linden Dr / Melville St, about 186 m away
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,280 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7
- Property tax
- $1
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8
- Estimated closing costs
- $8
Plus your down payment of $320. 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
- $410
- Principal paid down
- $163
- Interest paid
- $247
- Balance remaining
- $1,117
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ELITE REAL ESTATE. MLS®/PropTx.