16 Fairview Avenue, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13739198
About this home
In short
- True Gem In The Most Sought-After Area Of Richmond Hill.
- Luxury Finishes,Magnificently Sized Rooms,High Ceilings,Decorative Mouldings,Marble & Hardwood Flrs,And Large Windows.
- Stone & Stucco Exterior With Circular Driveway For 6+ Cars, 3 Car Garage.
True Gem In The Most Sought-After Area Of Richmond Hill. Luxury Finishes,Magnificently Sized Rooms,High Ceilings,Decorative Mouldings,Marble & Hardwood Flrs,And Large Windows. Outstanding Millwork Throughout. Chef-Inspired Gourmet Kit. W/Bfast Area & W/O To Custom Deck. Stone & Stucco Exterior With Circular Driveway For 6+ Cars, 3 Car Garage.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13739198
- Bedrooms
- 6
- Bathrooms
- 9 (1 half)
- Size
- 5,000 sq ft
- Lot
- 85 × 145.4 ft
- Cross streets
- Yonge St / Highway 7
- Parking
- 3 garage · 9 parking (attached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $20,000 / 2026
- Days on market
- 18
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
hardwood floor · walk-in closet(s) · 3 pc ensuite
hardwood floor · walk-in closet(s) · 3 pc ensuite
hardwood floor · closet · window
hardwood floor · walk-in closet(s) · 3 pc ensuite
hardwood floor · large window · pot lights
hardwood floor · w/w closet · 3 pc ensuite
hardwood floor · plaster ceiling · pot lights
hardwood floor · w/o to deck · breakfast bar
hardwood floor · w/o to balcony · 6 pc ensuite
hardwood floor · gas fireplace · open concept
marble floor · family size kitchen · pantry
hardwood floor · panelled · b/i shelves
This home is in the largest size bracket the board records (5,000 sq ft and up). Comparable-sales math compares homes by size, and too few homes this large sell nearby to compare it fairly, so no automatic estimate is shown. The largest homes in South Richvale (3,500 sq ft and up) have sold between $2.13M and $14.70M over the last two years (36 sales).
Considering this property? Request a written price readThe assigned public school is Charles Howitt PS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $3.64M, which is where my estimate comes from.
Per square foot, these ask about $1,077/sqft; this home lists at $798/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
South Richvale, Richmond Hill, ON
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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) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 9 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $3,192,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17,472
- Property tax
- $1,667
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $19,139
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $86,225
- Estimated closing costs
- $86,225
Plus your down payment of $798,000. 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
- $1,048,331
- Principal paid down
- $394,667
- Interest paid
- $653,664
- Balance remaining
- $2,797,333
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 5 whole-home leases in South Richvale signed at a median of $6,265 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,168. 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 RIGHT AT HOME REALTY. MLS®/PropTx.