28 Nine Mile Lane, Richmond Hill, ON

Westbrook, Richmond Hill · MLS® N13813860

$1,198,000
For Sale
Listed 27 days agoNo offer date stated
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4Bedrooms
4Bathrooms
2Garage
2000-2500Sq ft

About this home

In short

  • Stunning views of the large park and pond from this spacious 3-storey townhouse in Richmond Hill's desirable Yonge/Canyon Hill community.
  • Three bedrooms overlook the ravine, while the ground-floor bedroom features its own ensuite.
  • Primary bedroom offers a spacious ensuite and large walk-in closet.
  • Open-concept kitchen with $$$ upgrades.
  • Steps to Yonge St, Longo's, Loblaws, banks, schools, parks and transit.

Ravine Lot! Stunning views of the large park and pond from this spacious 3-storey townhouse in Richmond Hill's desirable Yonge/Canyon Hill community. Approx. 2,300 sq ft with 4 full bedrooms, including 2 ensuites. Three bedrooms overlook the ravine, while the ground-floor bedroom features its own ensuite. Primary bedroom offers a spacious ensuite and large walk-in closet. Open-concept kitchen with $$$ upgrades. Direct access to built-in 2-car garage, plus extra visitor parking behind. Steps to Yonge St, Longo's, Loblaws, banks, schools, parks and transit.

Key facts

Property type
Townhouse, 3-Storey
MLS®
N13813860
Bedrooms
4
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Cross streets
Yonge / Canyon Hill
Parking
2 garage (built-in)
Driveway
Private
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Brick
Roof
Unknown
Sewer
Sewer
Property tax
$4,718 / 2026
Days on market
27
Listing brokerage
HC REALTY GROUP INC.

Rooms

KitchenMain4.82 × 3.19 m

laminate · open concept · b/i appliances

Living RoomMain5.71 × 4.64 m

laminate · w/o to balcony · large window

Bedroom 3Third2.98 × 2.86 m

laminate · closet · sw view

Bedroom 2Third4.11 × 2.76 m

laminate · closet · w/o to balcony

Dining RoomMain3.71 × 3.07 m

laminate · sw view · combined w/kitchen

Primary BedroomThird4.31 × 4.17 m

laminate · 5 pc ensuite · large closet

Great RoomGround4.05 × 2.60 m

laminate · 3 pc ensuite · sw view

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.18Mlikely sale price

Listed at $1,198,000. Going by how homes in Westbrook and the wider GTA have actually closed against their asking prices (about 99%, 8 local closings in 90 days), the likely sale price is near $1.18M, if it sells. A realistic range is $1.11M to $1.33M.

Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.

List price
$1.11MBelow recent closings$1.33MAbove recent closings

Total price vs nearby homes. Likely closing about $1.18M, from 8 recent closings in this pocket.

The market behind the math:

8sold nearby · 90 days
$1.05Mmedian sold price
105%of asking, on average
−12%prices vs a year ago
~18 dayshomes like this take to sell
27days on market so far
$3,682/moest. rent · 5 leases
3.7%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.4 months of inventory: 9 townhouse homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $532/sqft against an area asking average of $619/sqft.

  • Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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 $1.16M. 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.

  • Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
  • Primary suite: a key comfort and resale feature. Lifestyle
  • Open-concept layout: modern, sought-after flow. 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

Priced above comparable homes overall, but the price per square foot ($532/sqft) is below the area, so you are paying for extra space rather than a premium.

There were not many closely comparable homes right in Westbrook, so I widened the search to the surrounding area.

Based on 8 comparable homes that sold in Westbrook over the past two years, from 62 closings there.

What sellers nearby are askingCurrently listed nearby · asking prices
$1.16Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $929K, which is where my estimate comes from.

Per square foot, these ask about $628/sqft; this home lists at $532/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.20MThis home1.27M1.28M1.29M899k1.05MThis home vs active comparables

Sold price trend

Median sold price for townhouses in Richmond Hill: $1.02M in September 2026, down 4% from a year ago, on 376 closings in 12 months.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$1.07M33
November 2025$1.05M37
December 2025$1.08M21
January 2026$1.10M25
February 2026$1.10M23
March 2026$1.06M23
April 2026$1.05M43
May 2026$1.05M46
June 2026$1.02M32
July 2026$1.02M24
August 2026$1.03M39
September 2026$1.02M30

Neighbourhood & location

Westbrook, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

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

Rouge Woods
$1.00M
Jefferson
$999K
Rural Richmond Hill
$1.10M
South Richvale
$1.07M
Langstaff
$1.00M

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
$5,460/mo
$223KIncome needed
5.4×Price ÷ income
$1,260Weekly cost
$20,435Land 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.

93%mortgage
Mortgage $5,460Property tax $393Total carry $5,853

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%
$
%
4.49%
%
Live rate from Ratehub.ca

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

years
years (your rate-locked period)
$5,299per month

Mortgage amount $958,400 · 4.49% over 25 years

$239,600Down payment (20.0%)
$958,400Loan before insurance
$0CMHC premium
$5,692Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,299
Property tax
$393
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,692

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

One-time closing costs

Ontario land transfer tax
$20,435
Estimated closing costs
$20,435

Plus your down payment of $239,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,414/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

$631,347Total interest paid
$1,589,747Total of all payments
Principal $958,400 Interest $631,347
YearPrincipalInterestBalance
1$21,387$42,202$937,013
2$22,358$41,231$914,654
3$23,374$40,216$891,280
4$24,435$39,155$866,846
5$25,544$38,046$841,301
6$26,704$36,886$814,597
7$27,917$35,673$786,680
8$29,184$34,406$757,496
9$30,509$33,081$726,987
10$31,894$31,695$695,093
11$33,343$30,247$661,750
12$34,857$28,733$626,893
13$36,439$27,151$590,454
14$38,094$25,496$552,361
15$39,823$23,767$512,537
16$41,631$21,959$470,906
17$43,522$20,068$427,384
18$45,498$18,092$381,887
19$47,563$16,026$334,323
20$49,723$13,867$284,600
21$51,981$11,609$232,620
22$54,341$9,249$178,279
23$56,808$6,782$121,471
24$59,387$4,203$62,084
25$62,084$1,506$0

At the end of your 5-year term

Total paid over the term
$317,949
Principal paid down
$117,099
Interest paid
$200,851
Balance remaining
$841,301

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.

Let's connect

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
From 5 whole-home leases in Westbrook$3,682/mo
$44,184Gross annual rent
2.8%Cap rate after taxes and upkeep
$3,240 to $4,124Typical rent range
~15 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 5 whole-home leases in Westbrook signed at a median of $3,662 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,682. 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.

3.7%
Gross yield
− Property tax $4,718− Insurance $1,400− Vacancy & upkeep $4,860Net operating income $33,206

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

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