9 Elderwood Drive, Richmond Hill, ON

Bayview Hill, Richmond Hill · MLS® N13778238

$2,960,000
For Sale
Listed 35 days agoNo offer date stated
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5+1Bedrooms
5Bathrooms
2Garage · 8 parking
3500-5000Sq ft

About this home

In short

  • Welcome to 9 Elderwood Dr, an impressive 4,500+ sq. ft. residence situated on a rare 70' x 152' lot with no sidewalk.
  • Total approx 6,300 sq ft living space.
  • Smooth Ceilings, Elegant marble and hardwood flooring enhance the principal living areas, complemented by an updated kitchen with B/I appliances and beautifully...
  • The spacious primary suite offers a luxurious 5-pc ensuite, while the remaining four bedrooms are thoughtfully arranged with two shared bathrooms - one 6-pc and one...
  • Major updates include roof & windows (2023), second-floor hardwood flooring (2023), plus furnace & A/C approx.

Welcome to 9 Elderwood Dr, an impressive 4,500+ sq. ft. residence situated on a rare 70' x 152' lot with no sidewalk. Total approx 6,300 sq ft living space. Featuring 5 spacious bedrooms, 9' ceilings on the main floor and a majestic approx. 18' grand foyer, this exceptional family home has been thoughtfully upgraded with over $250K in improvements. Smooth Ceilings, Elegant marble and hardwood flooring enhance the principal living areas, complemented by an updated kitchen with B/I appliances and beautifully renovated bathrooms. The spacious primary suite offers a luxurious 5-pc ensuite, while the remaining four bedrooms are thoughtfully arranged with two shared bathrooms - one 6-pc and one 4-pc - ideal for a large or growing family. Major updates include roof & windows (2023), second-floor hardwood flooring (2023), plus furnace & A/C approx. 10 years new. Professionally landscaped front and backyard, interlock driveway and impressive curb appeal complete this beautiful home. Within the school boundary of top-ranked Bayview Hill Elementary School (8.7/10) and Bayview Secondary School (IB Program). 6-min walk to Bayview Hill ES, 15-min walk to Bayview Hill community centre. Conveniently located near shopping plazas, parks, schools and public transit, easy access to Highways 404 & 407.

Key facts

Property type
Detached, 2-Storey
MLS®
N13778238
Bedrooms
5+1 (6 total)
Bathrooms
5 (1 half)
Size
3500-5000 sq ft
Lot
70.11 × 151.96 ft
Cross streets
Bayview/N-Of 16th Ave
Parking
2 garage · 8 parking (attached)
Driveway
Private Double
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$14,944 / 2026
Days on market
35
Listing brokerage
RE/MAX IMPERIAL REALTY INC.

Rooms

Bedroom 2Second4.14 × 3.84 m

5 pc ensuite · hardwood floor · b/i closet

Bedroom 4Second4.14 × 3.84 m

4 pc ensuite · hardwood floor · large window

KitchenGround7.29 × 6.26 m

marble floor · granite counters · modern kitchen

Dining RoomGround6.09 × 4.27 m

overlooks backyard · hardwood floor · open concept

RecreationBasement13.15 × 6.99 m

ceramic floor · pot lights · open concept

Living RoomGround6.88 × 4.27 m

combined w/dining · hardwood floor · pot lights

LibraryGround3.65 × 3.65 m

french doors · hardwood floor · pot lights

Media RoomBasement8.69 × 3.99 m

ceramic floor · pot lights · separate room

SunroomGround7.35 × 4.04 m

hardwood floor · open concept · combined w/great rm

Family RoomGround7.35 × 4.04 m

hardwood floor · gas fireplace · pot lights

Primary BedroomSecond3.15 × 12.19 m

hardwood floor · 5 pc ensuite · walk-in closet(s)

Bedroom 5Second4.14 × 3.84 m

semi ensuite · hardwood floor · large window

Bedroom 3Second4.25 × 3.84 m

semi ensuite · hardwood floor · large window

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Bayview Hill, Richmond Hill, ON

CommuteTime from this home to where you spend your day

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Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Observatory
$2.02M
Rouge Woods
$1.77M
Crosby
$2.05M
North Richvale
$1.46M
South Richvale
$4.06M

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

Affordability
$13,491/mo
$556KIncome needed
5.3×Price ÷ income
$3,113Weekly cost
$60,475Land 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.

92%mortgage
Mortgage $13,491Property tax $1,245Total carry $14,736

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$13,093per month

Mortgage amount $2,368,000 · 4.49% over 25 years

$592,000Down payment (20.0%)
$2,368,000Loan before insurance
$0CMHC premium
$14,338Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$13,093
Property tax
$1,245
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$14,338

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

One-time closing costs

Ontario land transfer tax
$60,475
Estimated closing costs
$60,475

Plus your down payment of $592,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$15,847/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

$1,559,924Total interest paid
$3,927,924Total of all payments
Principal $2,368,000 Interest $1,559,924
YearPrincipalInterestBalance
1$52,844$104,273$2,315,156
2$55,243$101,874$2,259,913
3$57,751$99,366$2,202,162
4$60,373$96,744$2,141,789
5$63,115$94,002$2,078,674
6$65,980$91,137$2,012,694
7$68,976$88,141$1,943,718
8$72,108$85,009$1,871,610
9$75,382$81,735$1,796,228
10$78,804$78,313$1,717,424
11$82,382$74,735$1,635,041
12$86,123$70,994$1,548,919
13$90,033$67,084$1,458,885
14$94,121$62,996$1,364,764
15$98,395$58,722$1,266,370
16$102,862$54,255$1,163,507
17$107,532$49,584$1,055,975
18$112,415$44,702$943,560
19$117,519$39,598$826,041
20$122,855$34,262$703,186
21$128,433$28,684$574,754
22$134,264$22,853$440,489
23$140,360$16,757$300,129
24$146,733$10,384$153,396
25$153,396$3,721$0

At the end of your 5-year term

Total paid over the term
$785,585
Principal paid down
$289,326
Interest paid
$496,259
Balance remaining
$2,078,674

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.

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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$7,350/mo
$88,200Gross annual rent
2.1%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.

3.0%
Gross yield
− Property tax $14,944− Insurance $1,400− Vacancy & upkeep $9,702Net operating income $62,154

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX IMPERIAL REALTY INC.. MLS®/PropTx.

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