38 Bridgewater Drive, Richmond Hill, ON
Rural Richmond Hill, Richmond Hill · MLS® N13828256
About this home
In short
- Wow, A True Masterpiece! Custom-Built Approx.
- Living Spaces Sprawling Bungalow Nestled On Premium 2.16 Acre Treed & Wooded Ravine Lot In Prestigious Multi-Millions Bayview Summit Estates CommunityPerfect Layout...
- Quartz CTop, 2-Layer Quartz Central Island Breakfast Bar W/2-Way Gas Fireplace & 2 W/I Pantries14 Ft Ceiling Breakfast Area With Large Palladian Windows Over Looking...
- Close Schools, Community Centre, Summit Golf & Country Club & Hwy 404 & All Amenities, All Top Of The Line Finishes & Fixtures.
Wow, A True Masterpiece! **Custom-Built Approx. 9,000 Sq.Ft. Living Spaces Sprawling Bungalow Nestled On Premium 2.16 Acre Treed & Wooded Ravine Lot In Prestigious Multi-Millions Bayview Summit Estates Community**Perfect Layout With Open Concept On Main, Magnificent Lobby With Soaring 21 Feet Cupola Ceiling Circled By 8 Architectural Pillars, Decent & Bright Living Room Over Looking Park-Like Oasis Backyard**Gorgeous 14 Feet Ceiling Dining Room W/ Chandelier Over Looking Fountain & Front Gardens**Chef Inspired Gourmet Kitchen With Top Of Line Newer Appliances( 2024) Inclg. Quartz CTop, 2-Layer Quartz Central Island Breakfast Bar W/2-Way Gas Fireplace & 2 W/I Pantries**14 Ft Ceiling Breakfast Area With Large Palladian Windows Over Looking Fountain & Front Yard**Stunning Spacious Family Room With Limestone Gas Fireplace & Large Palladian Windows Over Looking Extra Large Upper Deck & Park-Like Backyard Upon Wooded Ravine, Stunning Office W/ Waffle Ceiling, Build In Book Shelves & Cabinets**Hardwood Floor, Crown Moulding, Smooth Ceiling W/Countless New LED Pot Lights Thru-Out, 3 Spacious & Bright En-suite Bedrooms W/ 10 Feet Ceiling, Primary Bedroom W/ His/Her Walk In Closets W/ Organizer Plus 5-Pc En-suite** 4th Bedroom W/ 2-piece Bath & 5th Bedroom On Lower Level W/ 4 Pieces Bath**Finished Walk Out Lower Level W/ Huge Ballroom W/ Circle Wet Bar With Central Island & 8 Architectural Pillars, Dining Area & Rough-In Kitchenette, Gym & Play Room, Recreation Area W/4 Pieces Bath**Fully Fenced & Professional Landscaped Private Treed Yards With 2-Layer Extra Large Decks & Extra Composite Deck & Newer Lighting System, Security System W/ Monitors, Intercom System., Surround Sound System., Stone Interlock Driveway, The List Goes On & On, Pls. Check Feature Sheets In Details & See Virtual Tour. Close Schools, Community Centre, Summit Golf & Country Club & Hwy 404 & All Amenities, All Top Of The Line Finishes & Fixtures. A True Gem In Bayview Summit Estates Club. Must See!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13828256
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 133.82 × 480.66 ft
- Cross streets
- BAYVIEW /STOUFFVILLE
- Parking
- 3 garage (attached)
- Driveway
- Circular Drive
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Tile
- Sewer
- Septic
- Property tax
- $20,246 / 2025
- Days on market
- 24
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
ceramic floor · crown moulding · overlooks garden
hardwood floor · 5 pc ensuite · his and hers closets
limestone flooring · gas fireplace · w/o to deck
hardwood floor · 4 pc ensuite · his and hers closets
ceramic floor · wet bar · w/o to deck
hardwood floor · b/i closet · overlooks ravine
hardwood floor · coffered ceiling(s) · b/i bookcase
ceramic floor · gas fireplace · overlooks frontyard
ceramic floor · crown moulding · overlooks frontyard
hardwood floor · crown moulding · overlooks ravine
ceramic floor · large closet · 4 pc bath
hardwood floor · 4 pc ensuite · double closet
Listed at $3,588,000. Going by how homes in Rural Richmond Hill and the wider GTA have actually closed against their asking prices (about 98%, 8 local closings in 90 days), the likely sale price is near $3.53M, if it sells. A realistic range is $3.31M to $3.98M.
Independent value check: $3.17M. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $2.97M and $3.33M).
Why $3.17M. The typical detached home sold in Rural Richmond Hill over the past year went for about $1.86M (38 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $20,246 a year; the typical home sold here pays about $10,000.
- ▲ Raises it stronglyIts lot is 134 by 481 ft; the typical lot sold here is 41 by 91.
- ▲ Raises itIt is 3,500 to 5,000 sq ft; the typical home sold here is 2,750 to 3,250.
- ▲ Raises it3 garage and 3 total parking spaces, against 2 and 4 typically.
Total price vs nearby homes. Likely closing about $3.53M, from 8 recent closings in this pocket.
The market behind the math:
About 8.6 months of inventory: 23 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 $844/sqft against an area asking average of $732/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. In Rural Richmond Hill basements rarely rent out (1 of 47 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
- 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 $3.02M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
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.
There were not many closely comparable homes right in Rural Richmond Hill, so I widened the search to the surrounding area.
Based on 8 comparable homes that sold in Rural Richmond Hill over the past two years, from 67 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 $3.17M, which is where my estimate comes from.
Per square foot, these ask about $618/sqft; this home lists at $844/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
Rural Richmond Hill, 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $2,870,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $15,871
- Property tax
- $1,687
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,558
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $76,175
- Estimated closing costs
- $76,175
Plus your down payment of $717,600. 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
- $952,256
- Principal paid down
- $350,710
- Interest paid
- $601,546
- Balance remaining
- $2,519,690
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
About the suite: in Rural Richmond Hill basements rarely rent out (1 of 47 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 15 whole-home leases in Rural Richmond Hill signed at a median of $4,872 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,860. 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 REALTRON REALTY INC.. MLS®/PropTx.