37 Arnold Crescent, Richmond Hill, ON
Mill Pond, Richmond Hill · MLS® N13780968
About this home
In short
- A rare opportunity on a 51.25 130 ft lot in the heart of Richmond Hill, just steps from Yonge Street and the Mill Pond community.
- Inside, the centre-hall layout features hardwood flooring and wide-plank floors in select rooms, with a bright living room and separate formal dining room.
- The renovated kitchen includes granite countertops and stainless steel appliances, complemented by two updated bathrooms.
- A flexible main-floor laundry and exercise room offers heated flooring, built-in cabinetry and a walkout to the large backyard, with plenty of room to relax, garden...
- Walk to transit, shops, restaurants, parks and Richmond Hill's historic village core.
A rare opportunity on a 51.25 130 ft lot in the heart of Richmond Hill, just steps from Yonge Street and the Mill Pond community. This 4-bedroom detached home combines a highly desirable location, substantial lot and Mixed Use designation offering potential for professional or business use. Inside, the centre-hall layout features hardwood flooring and wide-plank floors in select rooms, with a bright living room and separate formal dining room. The renovated kitchen includes granite countertops and stainless steel appliances, complemented by two updated bathrooms. The spacious principal bedroom features a walk-in closet with custom organizers. A flexible main-floor laundry and exercise room offers heated flooring, built-in cabinetry and a walkout to the large backyard, with plenty of room to relax, garden or entertain. The property also includes a patio, storage shed and parking for two vehicles. Walk to transit, shops, restaurants, parks and Richmond Hill's historic village core. A designated heritage property offering character, comfortable living space and exceptional flexibility in a central Richmond Hill location.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13780968
- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 51.25 × 130.5 ft
- Cross streets
- Yonge & Arnold
- Parking
- 2 parking
- Driveway
- Private
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Wood
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,012 / 2025
- Days on market
- 35
- Listing brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Rooms
Hardwood Floor
walk-in closet(s) · hardwood floor · closet organizers
Hardwood Floor
hardwood floor · picture window
hardwood floor · formal rm
closet · closet · hardwood floor
heated floor · laundry sink
Listed at $919,900. Going by how homes in Mill Pond and the wider GTA have actually closed against their asking prices (about 98%, 20 local closings in 90 days), the likely sale price is near $904K, if it sells. A realistic range is $847K to $1.02M.
Independent value check: $968K. Without looking at the asking price, our model values the home itself about 5% above the ask (homes like it typically land between $907K and $1.01M).
Why $968K. The typical detached home sold in Mill Pond over the past year went for about $1.53M (73 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $5,012 a year; the typical home sold here pays about $7,900.
- ▼ Lowers it stronglyIt is 1,500 to 2,000 sq ft; the typical home sold here is 2,500 to 3,000.
- ▼ Lowers it4 bedrooms and 2 baths, against 4+1 and 4 typically.
Total price vs nearby homes. Likely closing about $904K, from 20 recent closings in this pocket.
The market behind the math:
About 4.2 months of inventory: 28 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 $526/sqft against an area asking average of $665/sqft.
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 $1.03M. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Mill Pond, so I widened the search to the surrounding area.
Based on 20 comparable homes that sold in Mill Pond over the past two years, from 156 closings there.
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 $968K, which is where my estimate comes from.
Per square foot, these ask about $847/sqft; this home lists at $526/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Richmond Hill: $1.44M in September 2026, down 4% from a year ago, on 948 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Richmond Hill as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 86 |
| November 2025 | $1.47M | 77 |
| December 2025 | $1.68M | 48 |
| January 2026 | $1.48M | 52 |
| February 2026 | $1.52M | 57 |
| March 2026 | $1.49M | 70 |
| April 2026 | $1.50M | 73 |
| May 2026 | $1.46M | 114 |
| June 2026 | $1.50M | 119 |
| July 2026 | $1.50M | 92 |
| August 2026 | $1.48M | 80 |
| September 2026 | $1.44M | 80 |
Neighbourhood & location
Mill Pond, 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) →
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $735,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,069
- Property tax
- $418
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,487
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,873
- Estimated closing costs
- $14,873
Plus your down payment of $183,980. 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
- $244,142
- Principal paid down
- $89,916
- Interest paid
- $154,226
- Balance remaining
- $646,004
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 18 whole-home leases in Mill Pond signed at a median of $4,485 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,510. 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 RE/MAX HALLMARK YORK GROUP REALTY LTD.. MLS®/PropTx.