168 Springhead Gardens, Richmond Hill, ON

North Richvale, Richmond Hill · MLS® N13816662

$1,075,000
For Sale
Listed 27 days agoOffers anytime
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3Bedrooms
2Bathrooms
2Garage · 6 parking
1100-1500Sq ft

About this home

In short

  • Affordable Luxury Living with Exceptional Future Potential in North Richvale: Newly enhanced virtual photos help buyers visualize this meticulously renovated raised...
  • Chef's kitchen features granite counters/floors, maple cabinetry/new stove with air fry/air bake, opening to formal dining beneath a crystal chandelier and sun-filled...
  • Kitchen walks out to a private backyard for seamless indoor-outdoor living.
  • Engineered hardwood selected for the Princess Margaret Lottery Home, Benjamin Moore finishes and R60+ insulation add quality and efficiency.
  • Private rear garden beneath mature trees offers rare privacy, comfortably seating 16 guests in a secluded oasis.

Affordable Luxury Living with Exceptional Future Potential in North Richvale: Newly enhanced virtual photos help buyers visualize this meticulously renovated raised bungalow as it is today, while also showcasing exciting customization possibilities, including furniture/layout concepts, exterior design ideas and a potential second-level addition concept that may increase living space to approx. 3,000 sq ft, subject to buyer due diligence and municipal approvals. A dramatic Starlight Galaxy granite foyer introduces a home designed for buyers who value quality, precision and enduring style. Custom staircases create architectural flow. Chef's kitchen features granite counters/floors, maple cabinetry/new stove with air fry/air bake, opening to formal dining beneath a crystal chandelier and sun-filled living room. Main level offers 3 spacious bedrooms and spa-inspired 5-pc bath with matched Starlight Galaxy granite, porcelain and Jacuzzi tub. Kitchen walks out to a private backyard for seamless indoor-outdoor living. Engineered hardwood selected for the Princess Margaret Lottery Home, Benjamin Moore finishes and R60+ insulation add quality and efficiency. Wood-paneled lower level features home theatre with 7.1 surround, executive office or 4th bedroom, 2nd bathroom and direct garage access for safety and convenience. Bell Pure Fibre Optics adds modern connectivity. Customized double garage with automotive/movie artwork, overhead lighting and sound system fits 2 large luxury SUVs, plus 4 cars on driveway; ideal workshop, studio or collector showcase. Separate garage entrance offers basement income potential. Estate-calibre exterior and in-drive lighting create striking night presence. Private rear garden beneath mature trees offers rare privacy, comfortably seating 16 guests in a secluded oasis. Steps to Hillcrest Mall, schools, parks, hospital, transit, groceries and upcoming subway. Linked property. Offers anytime.

Key facts

Property type
Detached, Bungalow-Raised
MLS®
N13816662
Bedrooms
3
Bathrooms
2 (1 half)
Size
1100-1500 sq ft
Lot
34.6 × 131.98 ft
Cross streets
Yonge St. & Weldrick
Parking
2 garage · 6 parking (built-in)
Driveway
Private Double
Basement
Finished, Separate Entrance
Heating
Forced Air
A/C
Central Air
Exterior
Aluminum Siding, Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,402 / 2026
Days on market
27
Listing brokerage
RIGHT AT HOME REALTY

Rooms

KitchenMain5.24 × 3.15 m

granite floor · eat-in kitchen · w/o to yard

Bedroom 2Main4.22 × 3.21 m

renovated · hardwood floor · large window

Dining RoomMain3.28 × 2.48 m

renovated · hardwood floor · large window

Primary BedroomMain4.24 × 3.04 m

renovated · hardwood floor · large window

Living RoomMain5.49 × 3.38 m

renovated · hardwood floor · large window

RecreationBasement8.89 × 7.75 m

2 pc bath · access to garage · w/o to garage

Bedroom 3Main4.78 × 3.40 m

renovated · 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
What sellers nearby are askingCurrently listed nearby in North Richvale · asking prices
$1.10Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $800/sqft; this home lists at $827/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.07MThis home949k1.10M1.13M1.15M1.16MThis home vs active comparables

Neighbourhood & location

North Richvale, 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.

South Richvale
$3.94M
Observatory
$2.02M
Mill Pond
$1.56M
Crosby
$2.05M
Bayview Hill
$2.52M

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
$4,899/mo
$204KIncome needed
5.3×Price ÷ income
$1,131Weekly cost
$17,975Land 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 $4,899Property tax $450Total carry $5,350

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,755per month

Mortgage amount $860,000 · 4.49% over 25 years

$215,000Down payment (20.0%)
$860,000Loan before insurance
$0CMHC premium
$5,205Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,755
Property tax
$450
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,205

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

One-time closing costs

Ontario land transfer tax
$17,975
Estimated closing costs
$17,975

Plus your down payment of $215,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,755/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

$566,526Total interest paid
$1,426,526Total of all payments
Principal $860,000 Interest $566,526
YearPrincipalInterestBalance
1$19,192$37,870$840,808
2$20,063$36,998$820,746
3$20,974$36,087$799,772
4$21,926$35,135$777,846
5$22,922$34,139$754,924
6$23,962$33,099$730,961
7$25,050$32,011$705,911
8$26,188$30,873$679,723
9$27,377$29,684$652,346
10$28,620$28,441$623,727
11$29,919$27,142$593,807
12$31,278$25,783$562,530
13$32,698$24,363$529,832
14$34,183$22,879$495,649
15$35,735$21,327$459,915
16$37,357$19,704$422,558
17$39,053$18,008$383,504
18$40,826$16,235$342,678
19$42,680$14,381$299,998
20$44,618$12,443$255,380
21$46,644$10,417$208,736
22$48,762$8,300$159,975
23$50,975$6,086$109,000
24$53,290$3,771$55,710
25$55,710$1,352$0

At the end of your 5-year term

Total paid over the term
$285,305
Principal paid down
$105,076
Interest paid
$180,229
Balance remaining
$754,924

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
Estimate$2,300/mo
$27,600Gross annual rent
1.7%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

2.6%
Gross yield
− Property tax $5,402− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $17,762

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

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