48 May Avenue, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13584390
About this home
In short
- Discover unparalleled elegance and craftsmanship in this bespoke boutique residence, set on a rare 80 x 152 ft lot offering over 4,500 sq ft of beautifully appointed...
- Designer light fixtures, skylights, and soaring cathedral ceilings fill the space with natural light, creating a warm and Inviting ambiance.
- Meticulously crafted throughout, this custom home showcases exceptional attention to detail from custom-sized doors and crown mouldings to rich hardwood floors and...
- The gourmet chef's kitchen Is both functional and striking, featuring top-tier Integrated appliances, a grand custom island, bespoke cabinetry, skylights, and an...
- A Juliette balcony invites natural sunlight, while the luxurious 6-piece, spa-inspired ensuite offers ultimate comfort and tranquility, The expansive lower level is...
Discover unparalleled elegance and craftsmanship in this bespoke boutique residence, set on a rare 80 x 152 ft lot offering over 4,500 sq ft of beautifully appointed living space In coveted North Richvale. Step through a grand custom wood door into a breath taking entryway with elevated ceilings and exquisite wood paneling, set the tone for the home's timeless sophistication. Designer light fixtures, skylights, and soaring cathedral ceilings fill the space with natural light, creating a warm and Inviting ambiance. Meticulously crafted throughout, this custom home showcases exceptional attention to detail from custom-sized doors and crown mouldings to rich hardwood floors and smart lighting controls. A stunning double-sided fire place adds a touch of refined luxury, seamlessly enhancing multiple living spaces. The gourmet chef's kitchen Is both functional and striking, featuring top-tier Integrated appliances, a grand custom island, bespoke cabinetry, skylights, and an elegant designer chandelier Overlooking the award-winning landscaped backyard, it flows effortlessly into a spacious breakfast area, formal dining room, and a bright family room with large windows and charming cushioned window seats, The primary suite is a private sanctuary, highlighted by soaring cathedral ceilings, rich wood paneling, and a designer light fixture. A Juliette balcony invites natural sunlight, while the luxurious 6-piece, spa-inspired ensuite offers ultimate comfort and tranquility, The expansive lower level is designed for both relaxation and entertainment, featuring a large recreation area with high lookout windows and a projector screen-perfect for movie nights and gatherings out doors, enjoy your own private retreat complete with a custom cabana, sparkling pool, hot tub with automated cover, motorized patio awning, basketball hoop, and multiple zones for dining, lounging, and entertaining-an exceptional setting for both everyday living and hosting.
Key facts
- Property type
- Detached, Sidesplit 4
- MLS®
- N13584390
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (2 half)
- Size
- 3000-3500 sq ft
- Lot
- 80.25 × 152 ft
- Cross streets
- Yonge St/Weldrick Rd W
- Parking
- 2 garage · 12 parking (detached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $12,507 / 2025
- Days on market
- 91
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
closet organizers · pot lights · hardwood floor
pantry · pot lights · combined w/kitchen
fireplace · pot lights · 2 pc bath
large window · separate room
large window · california shutters · wainscoting
closet · california shutters
hardwood floor · bow window · hardwood floor
fireplace · california shutters
walk-in closet(s) · 3 pc ensuite · california shutters
stainless steel appl · overlooks pool · cathedral ceiling(s)
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $706/sqft; this home lists at $800/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
North Richvale, Richmond Hill, ON
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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 $2,079,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,496
- Property tax
- $1,042
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,539
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $51,450
- Estimated closing costs
- $51,450
Plus your down payment of $519,800. 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
- $689,775
- Principal paid down
- $254,040
- Interest paid
- $435,735
- Balance remaining
- $1,825,160
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 REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.