8 Hewison Avenue, Richmond Hill, ON

Rural Richmond Hill, Richmond Hill · MLS® N13739950

$1,118,000
For Sale
Listed 40 days agoOffers anytime

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4Bedrooms
3Bathrooms
1Garage · 3 parking
1500-2000Sq ft

About this home

In short

  • Beautiful freehold 4-bedroom, 3-bathroom townhome offering ~1,863 sq ft of refined living space in Richmond Hill's premier Richlands community with NO POTL or...
  • The open-concept main floor features 9' ceilings, a cozy fireplace in the great room, and seamless living/dining flow.
  • The chef's kitchen boasts upgraded cabinetry, quartz countertops, stainless steel appliances, a deep sink, and an eat-in centre island.
  • Unbeatable location: Top Rank School Catchment, walk to Richmond Green Park/Sports Centre, library, Costco, and Home Depot.
  • Minutes to Hwy 404, shopping, park and transit.

Priced to Sell! Offers Anytime! Lucky No. 8 Address! Beautiful freehold 4-bedroom, 3-bathroom townhome offering ~1,863 sq ft of refined living space in Richmond Hill's premier Richlands community with NO POTL or maintenance fees! Highlighting a premium brick & stone exterior, grand 8' double door entry, direct garage access, fully fenced backyard, and long driveway with no sidewalk. The open-concept main floor features 9' ceilings, a cozy fireplace in the great room, and seamless living/dining flow. The chef's kitchen boasts upgraded cabinetry, quartz countertops, stainless steel appliances, a deep sink, and an eat-in centre island. Upstairs, find 9' ceilings, a convenient 2nd-floor laundry room, and a primary retreat with an impressive 10' tray ceiling, His & Hers walk-in closets, and a 5-piece ensuite. Unbeatable location: Top Rank School Catchment, walk to Richmond Green Park/Sports Centre, library, Costco, and Home Depot. Minutes to Hwy 404, shopping, park and transit!

Key facts

Property type
Townhouse, 2-Storey
MLS®
N13739950
Bedrooms
4
Bathrooms
3 (1 half)
Size
1500-2000 sq ft
Lot
20.01 × 86.12 ft
Cross streets
Leslie/Elgin Mills
Parking
1 garage · 3 parking (built-in)
Basement
Full
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,859 / 2025
Days on market
40
Listing brokerage
RE/MAX REALTRON REALTY INC.

Rooms

Bedroom 4Second2.59 × 3.15 m

closet · large window · hardwood floor

Bedroom 2Second2.90 × 3.35 m

double closet · large window · hardwood floor

KitchenGround2.74 × 2.97 m

stainless steel appl · quartz counter

Primary BedroomSecond3.05 × 5.49 m

5 pc ensuite · walk-in closet(s) · his and hers closets

Bedroom 3Second2.74 × 2.74 m

closet · large window · hardwood floor

LaundrySecond0.00 × 0.00 m
BreakfastGround3.10 × 2.59 m

Open Concept

Living RoomGround5.84 × 3.35 m

combined w/dining · electric fireplace · w/o to yard

Dining RoomGround5.84 × 3.35 m

combined w/living · large window

Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Rural Richmond Hill, Richmond Hill, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$5,095/mo
$213KIncome needed
5.2×Price ÷ income
$1,176Weekly cost
$18,835Land 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.

91%mortgage
Mortgage $5,095Property tax $488Total carry $5,584

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%
$
%
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)
$4,945per month

Mortgage amount $894,400 · 4.49% over 25 years

$223,600Down payment (20.0%)
$894,400Loan before insurance
$0CMHC premium
$5,434Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,945
Property tax
$488
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,434

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

One-time closing costs

Ontario land transfer tax
$18,835
Estimated closing costs
$18,835

Plus your down payment of $223,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,985/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

$589,187Total interest paid
$1,483,587Total of all payments
Principal $894,400 Interest $589,187
YearPrincipalInterestBalance
1$19,959$39,384$874,441
2$20,865$38,478$853,575
3$21,813$37,531$831,763
4$22,803$36,540$808,959
5$23,839$35,505$785,121
6$24,921$34,423$760,200
7$26,052$33,291$734,147
8$27,235$32,108$706,912
9$28,472$30,872$678,440
10$29,765$29,579$648,676
11$31,116$28,227$617,560
12$32,529$26,815$585,031
13$34,006$25,338$551,025
14$35,550$23,794$515,475
15$37,164$22,180$478,311
16$38,851$20,492$439,460
17$40,615$18,728$398,845
18$42,459$16,884$356,385
19$44,387$14,956$311,998
20$46,403$12,941$265,595
21$48,509$10,834$217,086
22$50,712$8,632$166,374
23$53,014$6,329$113,359
24$55,422$3,922$57,938
25$57,938$1,406$0

At the end of your 5-year term

Total paid over the term
$296,717
Principal paid down
$109,279
Interest paid
$187,438
Balance remaining
$785,121

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$3,150/mo
$37,800Gross annual rent
2.4%Cap rate after taxes and upkeep

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.

3.4%
Gross yield
− Property tax $5,859− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $26,383

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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