93 Oak Avenue, Richmond Hill, ON

South Richvale, Richmond Hill · MLS® N13685678

$2,349,000
For Sale
Listed 63 days agoNo offer date statedSitting longer than typical
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4+1Bedrooms
5Bathrooms
2Garage · 8 parking
3000-3500Sq ft

About this home

In short

  • Set on a rare 244-foot deep south-facing lot, this South-Richvale home offers space, comfort, and convenience for today's family.
  • With 4 generously sized bedrooms, each with an ensuite, everyone has the room and privacy they need.
  • You'll appreciate the thoughtful main-floor layout and custom kitchen, designed to bring people together, whether its family dinners, weekend gatherings, or...
  • The finished basement with walk-up adds valuable flexibility, with space for recreation, a home office, or extended family living, and easy access to the backyard.

Set on a rare 244-foot deep south-facing lot, this South-Richvale home offers space, comfort, and convenience for today's family. With 4 generously sized bedrooms, each with an ensuite, everyone has the room and privacy they need. You'll appreciate the thoughtful main-floor layout and custom kitchen, designed to bring people together, whether its family dinners, weekend gatherings, or entertaining friends. Sunlight fills the principal rooms, creating a warm and inviting atmosphere throughout. The finished basement with walk-up adds valuable flexibility, with space for recreation, a home office, or extended family living, and easy access to the backyard. Outside, the extraordinary lot depth provides endless possibilities, from gardens to play areas to a quiet retreat surrounded by greenery. Admired for its mature trees, generous lots, and strong sense of community, South-Richvale is the ideal place to call home with excellent schools, nearby parks, and convenient access to shopping, transit, and major routes - everything a family needs within reach. A rare chance to enjoy a spacious family home on a one-of-a-kind lot in one of Richmond Hill's most desirable neighbourhoods.

Key facts

Property type
Detached, 2-Storey
MLS®
N13685678
Bedrooms
4+1 (5 total)
Bathrooms
5 (1 half)
Size
3000-3500 sq ft
Lot
45 × 244 ft
Cross streets
Yonge & Hwy 7
Parking
2 garage · 8 parking (built-in)
Driveway
Private
Basement
Finished with Walk-Out
Heating
Forced Air
A/C
Central Air
Exterior
Stucco (Plaster)
Foundation
Poured Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$13,915 / 2025
Days on market
63
Listing brokerage
RE/MAX REALTRON REALTY INC.

Rooms

Bedroom 4Second5.15 × 3.79 m

double · 4 pc ensuite

Bedroom 3Second4.55 × 3.94 m

walk-in closet(s) · semi ensuite

Primary BedroomSecond6.06 × 4.24 m

his and hers closets · 6 pc ensuite · coffered ceiling(s)

Living RoomMain5.15 × 3.94 m

hardwood floor · crown moulding · large window

Family RoomMain5.76 × 3.94 m

hardwood floor · gas fireplace · w/o to yard

Bedroom 2Second3.94 × 3.64 m

walk-in closet(s) · semi ensuite

KitchenMain3.94 × 3.64 m

tile floor · stainless steel appl · granite counters

BreakfastMain6.67 × 2.88 m

tile floor · w/o to deck · open concept

BedroomBasement3.94 × 3.18 m

closet · large window · 4 pc bath

RecreationBasement8.18 × 5.46 m

w/o to yard · large window

Dining RoomMain5.46 × 3.94 m

hardwood floor · french doors · crown moulding

Our TakeTeam Asgarian · Broker
No automatic estimate

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.

Considering this property? Request a written price read

Neighbourhood & location

South Richvale, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

North Richvale
$1.46M
Observatory
$2.02M
Mill Pond
$1.56M
Crosby
$2.05M
Bayview Hill
$2.52M

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

Affordability
$10,706/mo
$449KIncome needed
5.2×Price ÷ income
$2,471Weekly cost
$45,200Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

90%mortgage
Mortgage $10,706Property tax $1,160Total carry $11,866

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$10,390per month

Mortgage amount $1,879,200 · 4.49% over 25 years

$469,800Down payment (20.0%)
$1,879,200Loan before insurance
$0CMHC premium
$11,550Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$10,390
Property tax
$1,160
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$11,550

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$45,200
Estimated closing costs
$45,200

Plus your down payment of $469,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$12,576/monthPayment at the qualifying rate

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

$1,237,926Total interest paid
$3,117,126Total of all payments
Principal $1,879,200 Interest $1,237,926
YearPrincipalInterestBalance
1$41,936$82,749$1,837,264
2$43,840$80,845$1,793,424
3$45,830$78,855$1,747,594
4$47,911$76,774$1,699,683
5$50,087$74,598$1,649,596
6$52,361$72,324$1,597,236
7$54,738$69,947$1,542,498
8$57,223$67,462$1,485,274
9$59,822$64,863$1,425,453
10$62,538$62,147$1,362,915
11$65,377$59,308$1,297,538
12$68,346$56,340$1,229,192
13$71,449$53,236$1,157,744
14$74,693$49,992$1,083,051
15$78,084$46,601$1,004,967
16$81,629$43,056$923,338
17$85,336$39,349$838,002
18$89,210$35,475$748,791
19$93,261$31,424$655,531
20$97,495$27,190$558,035
21$101,922$22,763$456,114
22$106,550$18,135$349,564
23$111,387$13,298$238,177
24$116,445$8,240$121,732
25$121,732$2,953$0

At the end of your 5-year term

Total paid over the term
$623,425
Principal paid down
$229,604
Interest paid
$393,822
Balance remaining
$1,649,596

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.

Let's connect

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

Rental yield
Estimate$6,300/mo
$75,600Gross annual rent
2.2%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.2%
Gross yield
− Property tax $13,915− Insurance $1,400− Vacancy & upkeep $8,316Net operating income $51,969

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS®/PropTx.

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