23 Mackay Drive, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13777410
About this home
In short
- Welcome to this exceptional custom-built detached home in the prestigious South Richvale community.
- Situated on a generously proportioned 50' x 150' lot with a south-facing exposure, this beautifully maintained residence offers 3,984 sq. ft. of above-grade living...
- Step into the impressive grand foyer, featuring soaring 17-foot ceilings and expansive windows that fill the home with abundant natural light.
- The thoughtfully designed open-concept layout offers generously sized principal rooms and a seamless flow throughout.
- The professionally finished basement significantly extends the living space, featuring a large recreation area with new vinyl flooring and a second gas fireplace.
Welcome to this exceptional custom-built detached home in the prestigious South Richvale community. Situated on a generously proportioned 50' x 150' lot with a south-facing exposure, this beautifully maintained residence offers 3,984 sq. ft. of above-grade living space, complemented by an expansive, professionally finished basement. Step into the impressive grand foyer, featuring soaring 17-foot ceilings and expansive windows that fill the home with abundant natural light. The thoughtfully designed open-concept layout offers generously sized principal rooms and a seamless flow throughout. The grand formal dining room features a large window and elegant coffered ceiling. The bright and inviting family room offers a gas fireplace , a spacious breakfast area with walk-out access to the deck. The well-appointed kitchen features custom cabinetry, granite countertops, and a center island. A private study provides a quiet and dedicated space for work or reading. The grand second-floor landing overlooks the stunning two-story foyer. The upper level offers four exceptionally spacious bedrooms, including a luxurious primary retreat, along with three full bathrooms, providing comfort and privacy for the entire family. The professionally finished basement significantly extends the living space, featuring a large recreation area with new vinyl flooring and a second gas fireplace. Convenient walk-up access leads directly to the backyard. The lower level also includes an additional bedroom with a 4-piece ensuite, as well as a versatile den with a 2-piece bathroom, offering exceptional flexibility for recreation, guests, a home office, or extended family living. The beautiful backyard provides a wonderful sense of privacy and tranquility, creating an ideal retreat in one of Richmond Hill's most sought-after neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13777410
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 6 (2 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 150 ft
- Cross streets
- Yonge / Hwy 7
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $13,659 / 2026
- Days on market
- 8
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
stone floor · centre island · stainless steel appl
stone floor · w/o to deck · open concept
broadloom · 2 pc bath
hardwood floor · coffered ceiling(s) · pot lights
hardwood floor · semi ensuite · pot lights
hardwood floor · open concept · pot lights
hardwood floor · open concept · window floor to ceiling
hardwood floor · french doors · pot lights
broadloom · 4 pc ensuite · closet
hardwood floor · 6 pc ensuite · walk-in closet(s)
vinyl floor · gas fireplace · walk-up
hardwood floor · gas fireplace · open concept
hardwood floor · 4 pc ensuite · pot lights
hardwood floor · pot lights · semi ensuite
Listed at $2,490,000 with no offer date. Homes here have been closing close to ask, so my read is $2.35M, typically $2.30M to $2.41M. Comparable closings on their own put this home around $2.44M, which supports the ask, so this is a firm read.
Total price vs nearby homes. Likely closing about $2.35M, from 8 recent closings in this pocket.
The market behind the math:
About 5.6 months of inventory: 15 detached homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $586/sqft against an area asking average of $787/sqft. Size and $/sqft both feed the estimate above.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 8 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.36M. Condition and finishes remain an in-person call.
What the listing highlights3 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
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The 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.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 8 comparable homes that sold in South Richvale over the past two years, from 91 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $570/sqft; this home lists at $586/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
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: 7 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 $1,992,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,904
- Property tax
- $1,138
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,042
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,725
- Estimated closing costs
- $48,725
Plus your down payment of $498,000. 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
- $654,222
- Principal paid down
- $246,296
- Interest paid
- $407,926
- Balance remaining
- $1,745,704
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 12 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 $6,507. 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.