79 Millman Lane, Richmond Hill, ON
Rural Richmond Hill, Richmond Hill · MLS® N13720278
About this home
In short
- One of the newest modern townhomes to have a highly sought after Richmond Hill address.
- This thoughtfully designed 3 bedroom home has features like: direct access from the single car garage with private driveway that provides convenience and comfort.
- Ideally located just minutes away from Hwy 404, Gormley Go Station, Costco, Home Depot, banks supermarkets and restaurants.
One of the newest modern townhomes to have a highly sought after Richmond Hill address! This thoughtfully designed 3 bedroom home has features like: direct access from the single car garage with private driveway that provides convenience and comfort. Ideally located just minutes away from Hwy 404, Gormley Go Station, Costco, Home Depot, banks supermarkets and restaurants. Zoned for the top-ranking Richmond Green Secondary School. Don't miss this rare opportunity for a brand new never lived in home in a prime location. Property taxes are subject for reassessment.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- N13720278
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 19.69 × 78.74 ft
- Cross streets
- Leslie St and 19th Ave
- Parking
- 1 garage · 2 parking (attached)
- Driveway
- Private
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $2,233 / 2025
- Days on market
- 53
- Listing brokerage
- RESIDENTIAL DEVELOPMENT SERVICES INC.
Rooms
Walk-Out
4 Pc Ensuite
Listed at $1,054,000. Going by how homes in Rural Richmond Hill and the wider GTA have actually closed against their asking prices (about 98%, 27 local closings in 90 days), the likely sale price is near $1.03M, if it sells. A realistic range is $966K to $1.16M.
Independent value check: $892K. Without looking at the asking price, our model values the home itself about 15% below the ask (homes like it typically land between $836K and $935K).
Why $892K. The typical townhouse sold in Rural Richmond Hill over the past year went for about $1.10M (71 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $2,233 a year; the typical home sold here pays about $5,500.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $1.03M, from 27 recent closings in this pocket.
The market behind the math:
About 1.9 months of inventory: 17 townhouse homes for sale in the area against 27 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $602/sqft against an area asking average of $542/sqft.
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 27 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $946K. Condition and finishes remain an in-person call.
Based on 27 comparable homes that sold in Rural Richmond Hill over the past two years, from 131 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 $561/sqft; this home lists at $602/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Rural Richmond Hill: $1.02M in September 2026, down 9% from a year ago, on 60 closings in 8 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 |
|---|---|---|
| November 2025 | $1.11M | 8 |
| December 2025 | $1.23M | 5 |
| January 2026 | $1.16M | 7 |
| March 2026 | $1.10M | 5 |
| April 2026 | $1.05M | 5 |
| May 2026 | $1.17M | 9 |
| August 2026 | $1.02M | 16 |
| September 2026 | $1.02M | 5 |
Neighbourhood & location
Rural Richmond Hill, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $843,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,662
- Property tax
- $186
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,848
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,555
- Estimated closing costs
- $17,555
Plus your down payment of $210,800. 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
- $279,732
- Principal paid down
- $103,023
- Interest paid
- $176,708
- Balance remaining
- $740,177
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 51 whole-home leases in Rural Richmond Hill signed at a median of $3,597 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,001. 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 RESIDENTIAL DEVELOPMENT SERVICES INC.. MLS®/PropTx.