56A Roosevelt Drive, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13784158
About this home
In short
- This Custom-designed Residence Home Sits on a 50 x 229 Complete Landscaped Lot with Inground Pool Oasis.
- The Home Features 4 Bedrooms & 5 Bathrooms, Approximately 6309 of Living Space which includes the basement walkout area.
- This home features some many unique offerings, custom kitchen with island , built in cupboards, massive skylight on 2nd floor which ills the home with natural sunlight.
- Step outside from the Sunroom to a large upper outdoor deck which looks over the massive inground pool area.
- There is outdoor 2nd sauna and patio bar area with built entertainment area to watch your favorite movie or sports game.
This Custom-designed Residence Home Sits on a 50 x 229 Complete Landscaped Lot with Inground Pool Oasis. Offering Exceptional Space. The Home Features 4 Bedrooms & 5 Bathrooms, Approximately 6309 of Living Space which includes the basement walkout area. This exception home was built with premium materials and workman ship. This home features some many unique offerings, custom kitchen with island , built in cupboards, massive skylight on 2nd floor which ills the home with natural sunlight. Elegant staircase to upper and lower levels. Main floor office area. Large Bonus Sunroom off the kitchen which offers more complete year round living. Step outside from the Sunroom to a large upper outdoor deck which looks over the massive inground pool area. There is outdoor 2nd sauna and patio bar area with built entertainment area to watch your favorite movie or sports game. Basement is finished off with large games area, bar area, office space, work at home space, hot tub and sauna. The rear yard is a beautiful area for family gatherings. This truly is one of kind custom homes in a prestigious neighborhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13784158
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 229 ft
- Cross streets
- YONGE & HIGHWAY 7
- Parking
- 2 garage · 6 parking (attached)
- Basement
- Finished with Walk-Out, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground, Outdoor
- Property tax
- $14,632 / 2026
- Days on market
- 5
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
w/o to pool · finished · combined w/game
hardwood floor · gas fireplace · w/o to sundeck
custom counter · b/i bar · sauna
combined w/rec · finished · hot tub
6 pc bath · hardwood floor · pot lights
4 pc bath · hardwood floor · juliette balcony
breakfast area · centre island · custom counter
hardwood floor · pot lights · window
double closet · hardwood floor · window
french doors · overlooks backyard · w/o to sundeck
hardwood floor · crown moulding · pot lights
hardwood floor · double closet · window
french doors · hardwood floor · overlooks living
Listed at $3,988,888. Recent sales of homes like it put this home around $2.50M, so the ask is about 59% above them. A gap this wide is more often a limit of an automated comparison than a fact about the home, so treat the figure as a starting point, not a verdict.
Total price vs nearby homes. Fair value about $2.50M, learned from recent GTA sales.
The market behind the math:
About 3.8 months of inventory: 10 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 $939/sqft against an area asking average of $723/sqft. Size and $/sqft both feed the estimate above.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
- Walk-out 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 19 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.35M. 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 19 comparable homes that sold in South Richvale over the past two years, from 91 closings there.
Nothing 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 $2.50M, which is where my estimate comes from.
Per square foot, these ask about $560/sqft; this home lists at $939/sqft. Size is part of the price story, not just the sticker.
The 3 closest 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: 8 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 $3,191,110 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17,467
- Property tax
- $1,219
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $18,687
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $86,197
- Estimated closing costs
- $86,197
Plus your down payment of $797,778. 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
- $1,048,039
- Principal paid down
- $394,557
- Interest paid
- $653,482
- Balance remaining
- $2,796,553
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
The suite is real income here: basements rent in South Richvale (18 of 72 recent detached leases were basement units, around $2,050 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,050 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 13 whole-home leases in South Richvale signed at a median of $6,210 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,175. 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 REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.