42 Blackforest Drive, Richmond Hill, ON
Oak Ridges, Richmond Hill · MLS® N13657490
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About this home
In short
- Luxury Location Meets Endless Potential.
- Situated in the prestigious Oak Ridges community and surrounded by elegant multi-million-dollar estates, this meticulously maintained 4-bedroom family home offers...
- A rare opportunity with plans for a 15,000+ sq. ft. custom luxury residence currently under City review, with approximately $55,000 already invested in the permit...
- The main level showcases hardwood flooring, a bright and functional layout, and two walk-outs leading to a peaceful backyard retreat featuring mature landscaping...
- The finished basement offers 2 bedrooms, a full kitchen, full bathroom, and a dedicated office, making it ideal for extended family or in-law living.
Luxury Location Meets Endless Potential! Situated in the prestigious Oak Ridges community and surrounded by elegant multi-million-dollar estates, this meticulously maintained 4-bedroom family home offers approximately 2,500 sq. ft. of finished living space on an exceptional 91' x 172' premium lot. A rare opportunity with plans for a 15,000+ sq. ft. custom luxury residence currently under City review, with approximately $55,000 already invested in the permit process. The main level showcases hardwood flooring, a bright and functional layout, and two walk-outs leading to a peaceful backyard retreat featuring mature landscaping, irrigation system, and two storage sheds. The finished basement offers 2 bedrooms, a full kitchen, full bathroom, and a dedicated office, making it ideal for extended family or in-law living. Ideally located just minutes from schools, parks, shopping, transit, and everyday amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13657490
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 91.63 × 172.72 ft
- Cross streets
- Yonge & Blackforest
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,451 / 2025
- Days on market
- 54
- Listing brokerage
- RE/MAX EXCEL REALTY LTD.
Rooms
window · closet
5 pc ensuite · walk-in closet(s) · hardwood floor
combined w/dining · large window · pot lights
window · hardwood floor · closet
combined w/kitchen · w/o to yard · hardwood floor
hardwood floor · combined w/living · open concept
laminate · window · pot lights
laminate · pot lights · window
fireplace · hardwood floor · w/o to yard
combined w/dining · pot lights · window
pot lights · quartz counter · laminate
window · hardwood floor · closet
stainless steel appl · eat-in kitchen · pot lights
window · closet · pot lights
laminate · pot lights
Listed at $1,599,999. Going by how homes in Oak Ridges and the wider GTA have actually closed against their asking prices (about 97%, 34 local closings in 90 days), the likely sale price is near $1.55M, if it sells. A realistic range is $1.45M to $1.75M.
Independent value check: $1.48M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.39M and $1.55M).
Why $1.48M. The typical detached home sold in Oak Ridges over the past year went for about $1.41M (117 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,451 a year; the typical home sold here pays about $6,700.
- ▼ Lowers itIt is 2,000 to 2,500 sq ft; the typical home sold here is 2,500 to 3,000.
- ▲ Raises it slightlyIts lot is 92 by 173 ft; the typical lot sold here is 41 by 110.
Longer on the market than typical. 54 days on the market against about 34 for homes like it here, and asking 8% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.55M, from 34 recent closings in this pocket.
The market behind the math:
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 34 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.41M. Condition and finishes remain an in-person call.
What the listing highlights3 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
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 34 comparable homes that sold in Oak Ridges over the past two years, from 211 closings there.
Sold price trend
Median sold price for detached homes in Oak Ridges: $1.36M in September 2026, down 5% from a year ago, on 105 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.44M | 9 |
| December 2025 | $1.49M | 8 |
| February 2026 | $1.47M | 8 |
| March 2026 | $1.60M | 9 |
| April 2026 | $1.50M | 6 |
| May 2026 | $1.34M | 14 |
| June 2026 | $1.42M | 15 |
| July 2026 | $1.52M | 14 |
| August 2026 | $1.36M | 12 |
| September 2026 | $1.36M | 10 |
Neighbourhood & location
Oak Ridges, 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 $1,279,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,077
- Property tax
- $621
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,698
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,475
- Estimated closing costs
- $28,475
Plus your down payment of $320,000. 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
- $424,640
- Principal paid down
- $156,392
- Interest paid
- $268,248
- Balance remaining
- $1,123,607
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 71 whole-home leases in Oak Ridges signed at a median of $5,459 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,183. 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 EXCEL REALTY LTD.. MLS®/PropTx.