158 Elmwood Avenue, Richmond Hill, ON
Harding, Richmond Hill · MLS® N13619460
About this home
In short
- A newly built custom luxury detached home in 4 levels offering nearly 6,000 sq. ft. of finished living space in a prestigious, quiet, and highly walkable Richmond...
- Spectacular Custom Masterpiece with modern Design Nestled on a Huge 55x110 ft.
- Featuring with bright open-concept residence boasts 10-ft ceilings on the main floor, 9-ft ceilings on the second level, and 9-ft ceiling in the fully finished...
- With glass-railed staircase, radiant heated proclaim floors in basement , exciting modern kitchen with oversized waterfall island, breakfast area, open to a large...
- Master Bedroom with 5 Pc ensuite w/heating floor.
A newly built custom luxury detached home in 4 levels offering nearly 6,000 sq. ft. of finished living space in a prestigious, quiet, and highly walkable Richmond Hill neighbourhood. Spectacular Custom Masterpiece with modern Design Nestled on a Huge 55x110 ft. Lot located in the heart of Richmond Hill. Featuring with bright open-concept residence boasts 10-ft ceilings on the main floor, 9-ft ceilings on the second level, and 9-ft ceiling in the fully finished basement with kitchen, creating expansive sightlines and abundant natural light. With glass-railed staircase, radiant heated proclaim floors in basement , exciting modern kitchen with oversized waterfall island, breakfast area, open to a large family room w/sliding door to a beautiful deck. All 4 bedrooms have a walk-in closet with organizer and private ensuite. Master Bedroom with 5 Pc ensuite w/heating floor. Luxurious features and spot lights throughout the whole house. A large professional home office with B/I oak book shelves and ensuite.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13619460
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 55 × 110 ft
- Cross streets
- Yonge/Major MacKenzie
- Parking
- 2 garage · 8 parking (built-in)
- Driveway
- Private Double
- Basement
- Walk-Up, Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $13,478 / 2026
- Days on market
- 82
- Listing brokerage
- BAY STREET INTEGRITY REALTY INC.
Rooms
4 pc ensuite · pot lights · walk-in closet(s)
3 pc ensuite · walk-in closet(s) · bay window
casement windows · combined w/living · hardwood floor
fireplace · pot lights · w/o to deck
w/o to yard · above grade window · heated floor
5 pc ensuite · coffered ceiling(s) · walk-in closet(s)
3 pc ensuite · overlooks living · bay window
3 pc bath · above grade window · heated floor
b/i appliances · quartz counter · centre island
fireplace · casement windows · pot lights
3 pc ensuite · walk-in closet(s) · bay window
above grade window · heated floor
Listed at $3,388,000. Going by how homes in Harding and the wider GTA have actually closed against their asking prices (about 96%, 11 local closings in 90 days), the likely sale price is near $3.26M, if it sells. A realistic range is $3.05M to $3.67M.
Independent value check: $2.77M. Without looking at the asking price, our model values the home itself about 18% below the ask (homes like it typically land between $2.60M and $2.90M).
Why $2.77M. The typical detached home sold in Harding over the past year went for about $1.11M (42 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $13,478 a year; the typical home sold here pays about $6,200.
- ▲ Raises it strongly4+2 bedrooms and 7 baths, against 3+1 and 3 typically.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Longer on the market than typical. 82 days on the market against about 35 for homes like it here, and asking 22% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $3.26M, from 11 recent closings in this pocket.
The market behind the math:
About 2.2 months of inventory: 8 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $797/sqft against an area asking average of $717/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Harding: 23 of the 119 detached leases here lately were basement units, around $1,700 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 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.54M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. 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.
There were not many closely comparable homes right in Harding, so I widened the search to the surrounding area.
Based on 11 comparable homes that sold in Harding over the past two years, from 72 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $2.77M, which is where my estimate comes from.
Per square foot, these ask about $777/sqft; this home lists at $797/sqft. Size is part of the price story, not just the sticker.
The 5 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
Harding, 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 $2,710,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,986
- Property tax
- $1,123
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $16,109
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $71,175
- Estimated closing costs
- $71,175
Plus your down payment of $677,600. 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
- $899,176
- Principal paid down
- $331,161
- Interest paid
- $568,015
- Balance remaining
- $2,379,239
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 Harding (23 of 119 recent detached leases were basement units, around $1,700 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,700 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 24 whole-home leases in Harding signed at a median of $4,258 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,947. 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 BAY STREET INTEGRITY REALTY INC.. MLS®/PropTx.