34 May Avenue, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13583718
About this home
In short
- Behind a stone and brick front with peaked rooflines, "34 May Avenue" is carved right into the entrance stone.
- This custom Italian-built home offers 4+1 bedrooms, 5 bathrooms, and over 6,000 sq. ft. of finished living space.
- A private elevator connects the garage, basement, main floor, and second floor.
- Upstairs, the primary bedroom stretches over 30 ft., with a grand walk-in closet and a spa-style 6-piece ensuite featuring a jacuzzi tub and glass shower.
- Outside: parking for 9 vehicles between the heated driveway and heated extended 3-car garage, a snow-melting front porch and covered back terrace, and a sprinkler system.
Behind a stone and brick front with peaked rooflines, "34 May Avenue" is carved right into the entrance stone. A small detail that hints at the care in this home. Step through the arched wood door into a foyer with marble floors and elegant wall paneling. A curved oak staircase rises under a skylight, filling the front hall and upper landing with natural light. This custom Italian-built home offers 4+1 bedrooms, 5 bathrooms, and over 6,000 sq. ft. of finished living space. A private elevator connects the garage, basement, main floor, and second floor. The main level starts with a formal living and dining room, with tray ceilings and chandeliers overhead. A butler's pantry and servery with a wine fridge and coffee station connects into the kitchen, featuring white cabinetry, a dark espresso island and hood, granite counters, and a bright breakfast area under twin chandeliers, with access to a covered backyard terrace. The family room centers on a gas fireplace framed by rich wood millwork and built-in bookshelves. Off the main hall, a wood-paneled office offers a quieter space with the same fine craftsmanship. Upstairs, the primary bedroom stretches over 30 ft., with a grand walk-in closet and a spa-style 6-piece ensuite featuring a jacuzzi tub and glass shower. A second bedroom has its own private ensuite. The third and fourth bedrooms share a Jack-and-Jill bathroom. The walk-up basement feels like a second home, with a rough-in for a second kitchen, a full living room with gas fireplace, a rec room, a large bedroom, a second laundry room, and its own curved staircase. Heated stairs lead up to the landscaped backyard, with a heated walkway to a private greenhouse. Outside: parking for 9 vehicles between the heated driveway and heated extended 3-car garage, a snow-melting front porch and covered back terrace, and a sprinkler system. All on a premium 60 x 153 ft. lot, minutes from Hillcrest Mall, top schools, and the Yonge St corridor.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13583718
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 60.07 × 153.13 ft
- Cross streets
- May Ave / Yonge St
- Parking
- 3 garage · 9 parking (built-in)
- Driveway
- Private Triple
- Basement
- Apartment, Separate Entrance, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $18,506 / 2026
- Days on market
- 91
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
hardwood floor · 3 pc ensuite · pot lights
hardwood floor · b/i bookcase · pot lights
marble floor · window · pot lights
marble floor · gas fireplace · pot lights
marble floor · granite counters · stainless steel appl
hardwood floor · moulded ceiling · pot lights
marble floor · closet · pot lights
marble floor · breakfast bar · pot lights
hardwood floor · gas fireplace · b/i shelves
hardwood floor · 6 pc ensuite · pot lights
hardwood floor · large window · pot lights
hardwood floor · moulded ceiling · pot lights
marble floor · w/o to terrace · pot lights
marble floor · access to garage · elevator
marble floor · laundry sink · quartz counter
hardwood floor · large window · pot lights
Listed at $3,750,000. 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 $3.63M, if it sells. A realistic range is $3.40M to $4.10M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Longer on the market than typical. 91 days on the market against about 28 for homes like it here, and asking 39% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $3.63M, from 16 recent closings in this pocket.
The market behind the math:
About 1.1 months of inventory: 6 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 $882/sqft against an area asking average of $668/sqft.
- 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 North Richvale: 32 of the 119 detached leases here lately were basement units, around $1,725 a month. That makes the suite real income. 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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.26M. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
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 $720/sqft; this home lists at $882/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 20, 2026); conventional rates run a little higher.
Mortgage amount $3,000,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,588
- Property tax
- $1,542
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $18,130
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $80,225
- Estimated closing costs
- $80,225
Plus your down payment of $750,000. 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
- $995,251
- Principal paid down
- $366,545
- Interest paid
- $628,706
- Balance remaining
- $2,633,455
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 North Richvale (32 of 119 recent detached leases were basement units, around $1,725 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,725 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 19 whole-home leases in North Richvale signed at a median of $3,711 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,138. 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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.