16 Gracedale Drive, Richmond Hill, ON
Westbrook, Richmond Hill · MLS® N13689838
About this home
In short
- Nestled On A Rare Premium Ravine Lot With Peaceful Stunning Pond Views In The Prestigious Westbrook Community Of Richmond Hill / York Region, This Exceptional Home...
- Finished Walk-Out Basement.
- Freshly Painted Throughout, The Home Features 10-Ft Ceilings On The Main Floor And 9-Ft Ceilings On The Second Floor And Basement, Creating A Bright, Open, And...
- The Finished Walk-Out Basement Extends Seamlessly To A Beautiful Backyard Retreat, Ideal For Entertaining Or Relaxing Surrounded By Nature.
- Loaded With Premium Upgrades Including Hardwood Flooring Throughout, Smooth Ceilings, An Upgraded Eat-In Kitchen With Centre Island, Granite Countertops In The...
Nestled On A Rare Premium Ravine Lot With Peaceful Stunning Pond Views In The Prestigious Westbrook Community Of Richmond Hill / York Region, This Exceptional Home Offers Approximately 4,800 Sq. Ft. Of Luxurious Living Space, Including A 1,300 Sq. Ft. Finished Walk-Out Basement. Freshly Painted Throughout, The Home Features 10-Ft Ceilings On The Main Floor And 9-Ft Ceilings On The Second Floor And Basement, Creating A Bright, Open, And Spacious Atmosphere. Boasting 5 Generously Sized Bedrooms Upstairs, This Home Is Perfect For Growing Families. The Finished Walk-Out Basement Extends Seamlessly To A Beautiful Backyard Retreat, Ideal For Entertaining Or Relaxing Surrounded By Nature. Loaded With Premium Upgrades Including Hardwood Flooring Throughout, Smooth Ceilings, An Upgraded Eat-In Kitchen With Centre Island, Granite Countertops In The Kitchen And Washrooms, Elegant Upgraded Staircase And Railings, And The Added Benefit Of No Sidewalk, Allowing Parking For 4 Cars On The Driveway. Unbeatable Location. Steps To Yonge St., Transit, Parks, Shops, Restaurants. Located Within York Region's Highly Desirable Family Community And Private School Corridor, With Convenient Access To Top Private School Options In Richmond Hill, Including Holy Trinity School(HTS), Montessori, and Aurora's Well-Known Boys' School, St. Andrew's College(SAC).
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13689838
- Bedrooms
- 5
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 42.07 × 129.67 ft
- Cross streets
- Yonge St /Elgin Mills Rd
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $10,185 / 2025
- Days on market
- 62
- Listing brokerage
- RE/MAX ABOUTOWNE REALTY CORP.
Rooms
centre island · eat-in kitchen · updated
4 pc bath · laminate
hardwood floor · ensuite bath
Hardwood Floor
hardwood floor · 7 pc bath · his and hers closets
access to garage · window
hardwood floor · semi ensuite · walk-in closet(s)
hardwood floor · circular oak stairs · open concept
hardwood floor · coffered ceiling(s) · open concept
hardwood floor · semi ensuite
hardwood floor · fireplace · bay window
Listed at $2,299,000. Going by how homes in Westbrook and the wider GTA have actually closed against their asking prices (about 97%, 15 local closings in 90 days), the likely sale price is near $2.23M, if it sells. A realistic range is $2.09M to $2.51M.
Independent value check: $1.94M. Without looking at the asking price, our model values the home itself about 16% below the ask (homes like it typically land between $1.82M and $2.03M).
Why $1.94M. The typical detached home sold in Westbrook over the past year went for about $1.50M (68 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $10,185 a year; the typical home sold here pays about $7,500.
- ▲ Raises it slightlyIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,500 to 3,000.
- ▲ Raises it slightlyIts lot is 42 by 130 ft; the typical lot sold here is 39 by 115.
Longer on the market than typical. 62 days on the market against about 29 for homes like it here, and asking 19% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.23M, from 15 recent closings in this pocket.
The market behind the math:
About 3.4 months of inventory: 17 detached homes for sale in the area against 15 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $707/sqft against an area asking average of $543/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.85M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 15 comparable homes that sold in Westbrook over the past two years, from 140 closings there.
For sale
For sale
For sale
For sale
For sale
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For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $607/sqft; this home lists at $707/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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
Westbrook, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $1,839,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,169
- Property tax
- $849
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,018
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,950
- Estimated closing costs
- $43,950
Plus your down payment of $459,800. 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
- $610,155
- Principal paid down
- $224,716
- Interest paid
- $385,439
- Balance remaining
- $1,614,484
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 Westbrook (21 of 145 recent detached leases were basement units, around $1,850 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,850 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 67 whole-home leases in Westbrook signed at a median of $4,737 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,464. 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 ABOUTOWNE REALTY CORP.. MLS®/PropTx.