525 Elgin Mills Road, Richmond Hill, ON
Mill Pond, Richmond Hill · MLS® N13621712
About this home
In short
- Rarely Offered Luxurious Home in the heart of Richmond Hill.
- Stunning 4 Bedroom, Approx.
- The basement can be renovated into a separate unit with an entrance in the mudroom.
- Wide entrance hallway as you walk in, Cathedral ceiling in the Den/Office, walk-in Pantry with coffee corner.
- Hardwood floor throughout.
Rarely Offered Luxurious Home in the heart of Richmond Hill! Stunning 4 Bedroom, Approx. 4000sq ft of Luxury comfort. The basement can be renovated into a separate unit with an entrance in the mudroom. Wide entrance hallway as you walk in, Cathedral ceiling in the Den/Office, walk-in Pantry with coffee corner. 6-burner Kitchenaid stove range. Quartz countertop. 10ft Ceiling on main, 9ft on second, and 9ft basement (rare). An ensuite bedroom as well as a Jack-and-Jill bath for the other bedrooms. Master bath equipped with a freestanding tub, massive shower, and enclosed toilet. Master Bedroom features tray ceiling. Hardwood floor throughout. Driveway accommodates 6 vehicles. Minutes away from trails leading to Mill Pond Park, top tier schools, Many restaurants and supermarkets just minutes away. Bus stop 10 seconds away.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13621712
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 51.44 × 119.03 ft
- Cross streets
- Elgin Mills and Yonge St
- Parking
- 2 garage · 8 parking (built-in)
- Driveway
- Private Double
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,320 / 2025
- Days on market
- 82
- Listing brokerage
- HOMELIFE BROADWAY REALTY INC.
Rooms
hardwood floor · large window
hardwood floor · combined w/dining · open concept
hardwood floor · cathedral ceiling(s) · large window
hardwood floor · semi ensuite · walk-in closet(s)
hardwood floor · semi ensuite
hardwood floor · 3 pc ensuite · walk-in closet(s)
hardwood floor · combined w/family · open concept
hardwood floor · walk-in closet(s)
ceramic floor · quartz counter · pantry
ceramic floor · large window · open concept
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readNeighbourhood & location
Mill Pond, Richmond Hill, ON
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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 $1,836,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,152
- Property tax
- $943
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,095
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,850
- Estimated closing costs
- $43,850
Plus your down payment of $459,000. 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
- $609,094
- Principal paid down
- $224,325
- Interest paid
- $384,768
- Balance remaining
- $1,611,675
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 HOMELIFE BROADWAY REALTY INC.. MLS®/PropTx.