87 Belvedere Crescent, Richmond Hill, ON
Crosby, Richmond Hill · MLS® N13746154
About this home
In short
- Nice detached home located in the heart of Richmond Hill.
- Well-maintained & renovated.
- Open concept living and dining area.
- Renovated bathrooms with glass-door shower.
- Finished basement with an open concept recreation area, 2 bedrooms and a kitchen corner.
Nice detached home located in the heart of Richmond Hill. Well-maintained & renovated. Functional layout with unique split double stairs. Open concept living and dining area. Kitchen with huge breakfast corner. 2nd level bright & spacious family room with fireplace. 3 bedrooms with 2 baths. Roof Skylight. Renovated bathrooms with glass-door shower. Finished basement with an open concept recreation area, 2 bedrooms and a kitchen corner. Potential rental income. Sun-filled lovely backyard. Strategically located close to shops, restaurants, public transit & most amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13746154
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 35.27 × 103.35 ft
- Cross streets
- Yonge & Major Mackenzie
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,438 / 2026
- Days on market
- 16
- Listing brokerage
- HC REALTY GROUP INC.
Rooms
stainless steel appl · eat-in kitchen · vinyl floor
combined w/dining · window · vinyl floor
Closet
open concept · vinyl floor · w/o to deck
Vinyl Floor
open concept · vinyl floor
window · vinyl floor · closet
Vinyl Floor
fireplace · hardwood floor · separate room
combined w/living · open concept · vinyl floor
3 pc ensuite · vinyl floor · closet
window · vinyl floor · closet
Listed at $1,090,000 with no offer date. Homes here have been closing close to ask, so my read is $1.08M, typically $1.02M to $1.10M. Comparable closings on their own put this home around $1.12M, which supports the ask, so this is a firm read.
Total price vs nearby homes. Likely closing about $1.08M, from 20 recent closings in this pocket.
The market behind the math:
About 1.5 months of inventory: 10 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $623/sqft against an area asking average of $702/sqft. Size and $/sqft both feed the estimate above.
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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.05M. 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. 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
Schools & getting aroundcatchment and transit
Its public catchment (Alexander Mackenzie HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 20 comparable homes that sold in Crosby over the past two years, from 94 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 $622/sqft; this home lists at $623/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Crosby, 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) →
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: 12 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
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 $872,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,773
- Property tax
- $537
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,310
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,275
- Estimated closing costs
- $18,275
Plus your down payment of $218,000. 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
- $286,386
- Principal paid down
- $107,816
- Interest paid
- $178,570
- Balance remaining
- $764,184
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 42 whole-home leases in Crosby signed at a median of $3,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,727. 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 HC REALTY GROUP INC.. MLS®/PropTx.