245 Elmwood Avenue, Richmond Hill, ON
Harding, Richmond Hill · MLS® N13824940
About this home
In short
- Stop Your Search - This Could Be the One.
- Renovated, spacious and full of potential, this home offers the perfect combination of comfortable living today and exciting possibilities for tomorrow.
- The open-concept living and dining area provides plenty of space for entertaining, relaxing and growing with your family.
- Then there's the fully finished lower level with a separate entrance - a huge bonus.
- Whether you enjoy the home as-is or dream about the future, there's plenty of room to explore options such as a second-storey addition or a completely new build down...
Stop Your Search - This Could Be the One! A fantastic opportunity to get into the market with a move-in-ready 2+1 bedroom bungalow on an extra-large lot! Renovated, spacious and full of potential, this home offers the perfect combination of comfortable living today and exciting possibilities for tomorrow.The bright, updated kitchen features plenty of cabinetry, generous counter space and newer appliances. Two well-proportioned bedrooms and a stylish bathroom with a walk-in shower make the main level both practical and inviting. The open-concept living and dining area provides plenty of space for entertaining, relaxing and growing with your family. Then there's the fully finished lower level with a separate entrance - a huge bonus! Featuring above-grade windows that bring in an abundance of natural light, a spacious family room, additional bedroom and newer 4-piece bathroom, the basement offers incredible flexibility. Think in-law suite, guest accommodations, additional family space or potential rental income.The extra-large lot adds another exciting dimension. Whether you enjoy the home as-is or dream about the future, there's plenty of room to explore options such as a second-storey addition or a completely new build down the road.Location? You're going to love it. Walk to the GO Station for an easy commute downtown, stroll to the fantastic restaurants, cafés and shops along Yonge, or jump in the car for all your big-box shopping needs. Everything you need is close by.It's the best of both worlds - a neighbourhood that feels peaceful and almost country-like, while the city is right at your doorstep.Move in. Grow into it. Build on it. The possibilities are endless!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13824940
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 50.12 × 210 ft
- Cross streets
- Yonge St & Major Mackenzie
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Available
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other
- Foundation
- Concrete Block
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $6,438 / 2026
- Days on market
- 25
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
hardwood floor · window · closet
his and hers closets · window · laminate
hardwood floor · closet · window
stainless steel appl · overlooks backyard · tile floor
combined w/dining · hardwood floor · large window
laminate · window · stainless steel appl
combined w/office · 4 pc bath · laminate
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
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.
Per square foot, these ask about $1,078/sqft; this home lists at $1,075/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Harding, Richmond Hill, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $774,320 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,281
- Property tax
- $537
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,818
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,833
- Estimated closing costs
- $15,833
Plus your down payment of $193,580. 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
- $256,881
- Principal paid down
- $94,608
- Interest paid
- $162,273
- Balance remaining
- $679,712
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
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.