125 Kersey Crescent, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13690222
About this home
In short
- Welcome to 125 Kersey Cres - A Rare Ravine Lot Gem Located in the Heart of Richmond Hill.
- Nestled in a family-friendly neighbourhood, this beautifully maintained detached 3 bedroom home sits on a deep, private ravine lot, offering peaceful views & privacy.
- Step inside to an upgraded open concept kitchen that offers plenty of storage, an island with a breakfast bar, stainless steel appliances, granite counters, & Italian...
- A very bright and functional layout featuring an open concept living and dining area with large windows & sliding door overlooking the backyard.
- Recent upgrades include; a new furnace (2024), new A/C (2024), new pot lights on the main floor (2024), & new laundry room (2025).
Welcome to 125 Kersey Cres - A Rare Ravine Lot Gem Located in the Heart of Richmond Hill! Nestled in a family-friendly neighbourhood, this beautifully maintained detached 3 bedroom home sits on a deep, private ravine lot, offering peaceful views & privacy. Step inside to an upgraded open concept kitchen that offers plenty of storage, an island with a breakfast bar, stainless steel appliances, granite counters, & Italian ceramic tiles. A very bright and functional layout featuring an open concept living and dining area with large windows & sliding door overlooking the backyard. Upstairs, you'll find three generously sized bedrooms, including a spacious primary suite with ample closet space. The finished basement provides additional living space ideal for a home office, kids play room, or gym. Recent upgrades include; a new furnace (2024), new A/C (2024), new pot lights on the main floor (2024), & new laundry room (2025). The backyard features a finished stone patio - great for outdoor dining & entertaining, & a custom built shed. Located close to great schools, parks, shopping, public transit, GO train, & all major amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13690222
- Bedrooms
- 3
- Bathrooms
- 3 (2 half)
- Size
- 1100-1500 sq ft
- Lot
- 23.95 × 175.99 ft
- Cross streets
- Yonge St. | Major Mackenzie Dr.W
- Parking
- 1 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $5,395 / 2026
- Days on market
- 61
- Listing brokerage
- REAL BROKER ONTARIO LTD.
Rooms
laminate · window · closet
hardwood floor · w/o to patio · overlooks dining
laminate · window · closet
laminate · west view · mirrored closet
stainless steel appl · granite counters · ceramic floor
broadloom · wainscoting · open concept
hardwood floor · bay window · overlooks living
Listed at $1,149,000. Going by how homes in North Richvale and the wider GTA have actually closed against their asking prices (about 97%, 16 local closings in 90 days), the likely sale price is near $1.11M, if it sells. A realistic range is $1.04M to $1.25M.
Independent value check: $988K. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $926K and $1.04M).
Why $988K. The typical detached home sold in North Richvale over the past year went for about $1.28M (60 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $5,395 a year; the typical home sold here pays about $6,400.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it slightlyIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it slightlyIts lot is 24 by 176 ft; the typical lot sold here is 40 by 120.
Longer on the market than typical. 61 days on the market against about 28 for homes like it here, and asking 16% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.11M, from 16 recent closings in this pocket.
The market behind the math:
About 1.9 months of inventory: 10 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $884/sqft against an area asking average of $795/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.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.01M. 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
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 16 comparable homes that sold in North Richvale over the past two years, from 147 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $836/sqft; this home lists at $884/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
North Richvale, 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
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 $919,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,082
- Property tax
- $450
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,532
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,455
- Estimated closing costs
- $19,455
Plus your down payment of $229,800. 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
- $304,945
- Principal paid down
- $112,309
- Interest paid
- $192,636
- Balance remaining
- $806,891
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 34 whole-home leases in North Richvale signed at a median of $2,992 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,790. 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 REAL BROKER ONTARIO LTD.. MLS®/PropTx.