87 Avenue Road, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13605504
About this home
In short
- Welcome to this beautifully maintained, premium 4-bedroom freehold townhouse in the highly sought-after North Richvale community.
- Offering a spacious and rare 1,613 sq. ft. layout, this larger unit features a primary bedroom complete with a desirable walk-in closet, upgraded windows for...
- Commuting is a breeze with quick, easy access to both Hwy 407 and Hwy 404.
Welcome to this beautifully maintained, premium 4-bedroom freehold townhouse in the highly sought-after North Richvale community! Offering a spacious and rare 1,613 sq. ft. layout, this larger unit features a primary bedroom complete with a desirable walk-in closet, upgraded windows for excellent energy efficiency, a seamless attached garage, and stunning hardwood and Laminated flooring throughout both the ground and first floors. Enjoy a lifestyle of ultimate convenience-ideally located near Yonge & Carrville, you are just steps away from Hillcrest Mall, top-rated schools, lush parks, and the local community centre. Commuting is a breeze with quick, easy access to both Hwy 407 and Hwy 404. Bonus for EV owners: a newly installed dedicated breaker for Tesla charging. Maintenance-free living at its absolute finest!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N13605504
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 20 × 100 ft
- Cross streets
- Yonge/Carrville
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Not Applicable
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,378 / 2025
- Days on market
- 82
- Listing brokerage
- CENTURY 21 ATRIA REALTY INC.
Rooms
hardwood floor · closet
hardwood floor · closet
combined w/living · laminate
renovated · stone floor
hardwood floor · closet
4 pc ensuite · hardwood floor · walk-in closet(s)
Broadloom
combined w/dining · l-shaped room · laminate
Listed at $973,000, about 15% above our estimate of $847K (homes like it typically land between $794K and $887K).
Why $847K. The typical townhouse sold in North Richvale over the past year went for about $890K (13 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $4,378 a year; the typical home sold here pays about $4,700.
- ▲ Raises it slightlyIt is 1,500 to 2,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it slightly4 bedrooms and 3 baths, against 3 and 2 typically.
Longer on the market than typical. 82 days on the market, and asking 15% above where comparable closings put it.
Total price vs nearby homes. Fair value about $847K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $556/sqft against an area asking average of $576/sqft.
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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $892K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($556/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in North Richvale, so I widened the search to the surrounding area.
Based on 20 comparable homes that sold in North Richvale over the past two years, from 23 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $847K, which is where my estimate comes from.
Per square foot, these ask about $660/sqft; this home lists at $556/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 townhouses in Richmond Hill: $1.02M in September 2026, down 4% from a year ago, on 376 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 | $1.07M | 33 |
| November 2025 | $1.05M | 37 |
| December 2025 | $1.08M | 21 |
| January 2026 | $1.10M | 25 |
| February 2026 | $1.10M | 23 |
| March 2026 | $1.06M | 23 |
| April 2026 | $1.05M | 43 |
| May 2026 | $1.05M | 46 |
| June 2026 | $1.02M | 32 |
| July 2026 | $1.02M | 24 |
| August 2026 | $1.03M | 39 |
| September 2026 | $1.02M | 30 |
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $778,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,304
- Property tax
- $365
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,669
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,935
- Estimated closing costs
- $15,935
Plus your down payment of $194,600. 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
- $258,234
- Principal paid down
- $95,106
- Interest paid
- $163,128
- Balance remaining
- $683,294
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 17 whole-home leases in North Richvale signed at a median of $3,215 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,526. 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 CENTURY 21 ATRIA REALTY INC.. MLS®/PropTx.