259 Rumble Avenue, Richmond Hill, ON

Mill Pond, Richmond Hill · MLS® N13830020

$2,299,999
For Sale
Listed 24 days agoNo offer date stated
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4+1Bedrooms
5Bathrooms
2Garage · 8 parking
2000-2500Sq ft

About this home

In short

  • Some homes are renovated.
  • 2,400 sq. ft., 5 bedrooms and 5 bathrooms, including two primary suites with walk-in closets.
  • At the heart of the home isthe showpiece chef's kitchen, featuring premium Fisher & Paykel appliances, an oversized centre island and a design recognized with a...
  • The transformation goes far beyond finishes: the interior was extensivelyrebuilt with new insulation, walls, windows, waterproofing and a sump pump system.
  • Two gas fireplaces, heated floors in two bathrooms andsecond-floor laundry add comfort and function throughout.

Some homes are renovated. Others are completely reimagined. Set on a rare 54 x 209 ft. lot in the heart of Mill Pond, 259 Rumble Avenue is adesigner residence where thoughtful design, craftsmanship and everyday living come together. Behind its understated exterior is an unexpectedinterior offering approx. 2,400 sq. ft., 5 bedrooms and 5 bathrooms, including two primary suites with walk-in closets. At the heart of the home isthe showpiece chef's kitchen, featuring premium Fisher & Paykel appliances, an oversized centre island and a design recognized with a GoldAward from the Designers and Decorators Association of Canada. The transformation goes far beyond finishes: the interior was extensivelyrebuilt with new insulation, walls, windows, waterproofing and a sump pump system. Two gas fireplaces, heated floors in two bathrooms andsecond-floor laundry add comfort and function throughout. Outside, the exceptional 208-ft-deep property offers mature surroundings, interlock,gazebo and hot tub, with incredible space for outdoor living and entertaining. The expansive driveway accommodates up to 8 vehicles,complemented by a 2-car garage. Moments from Mill Pond Park, trails, historic downtown Richmond Hill, transit, GO and major highways. Ahome with far more to discover than first meets the eye.

Key facts

Property type
Detached, Backsplit 4
MLS®
N13830020
Bedrooms
4+1 (5 total)
Bathrooms
5
Size
2000-2500 sq ft
Lot
54 × 208.92 ft
Cross streets
Major Mackenzie & Trench St
Parking
2 garage · 8 parking (attached)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Aluminum Siding, Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$7,981 / 2026
Days on market
24
Listing brokerage
THE AGENCY
Our TakeTeam Asgarian · Broker
A small discount is typical
$2.26Mlikely sale price

Listed at $2,299,999. Going by how homes in Mill Pond and the wider GTA have actually closed against their asking prices (about 98%, 20 local closings in 90 days), the likely sale price is near $2.26M, if it sells. A realistic range is $2.12M to $2.55M.

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
$2.12MBelow recent closings$2.55MAbove recent closings

Total price vs nearby homes. Likely closing about $2.26M, from 20 recent closings in this pocket.

The market behind the math:

20sold nearby · 90 days
$1.30Mmedian sold price
101%of asking, on average
−15%prices vs a year ago
~20 dayshomes like this take to sell
24days on market so far
$5,723/moest. rent · 14 leases
3.0%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 6.8 months of inventory: 45 detached homes for sale in the area against 20 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 $1,022/sqft against an area asking average of $736/sqft.

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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.43M. 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.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • Heated floors: comfort and a premium-finish signal. Lifestyle
  • Primary suite: a key comfort and resale feature. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

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

Based on 20 comparable homes that sold in Mill Pond over the past two years, from 156 closings there.

What sellers nearby are askingCurrently listed nearby in Mill Pond · asking prices
$1.96Mavg asking

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 $1.54M, which is where my estimate comes from.

Per square foot, these ask about $776/sqft; this home lists at $1,022/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
2.30MThis home1.99M1.89M2.30M2.00M1.62MThis home vs active comparables

Sold 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.

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$1.58M86
November 2025$1.47M77
December 2025$1.68M48
January 2026$1.48M52
February 2026$1.52M57
March 2026$1.49M70
April 2026$1.50M73
May 2026$1.46M114
June 2026$1.50M119
July 2026$1.50M92
August 2026$1.48M80
September 2026$1.44M80

Neighbourhood & location

Mill Pond, 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.

Westbrook
$1.58M
Crosby
$2.05M
North Richvale
$1.46M
Observatory
$2.02M
Rouge Woods
$1.77M

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
$10,483/mo
$422KIncome needed
5.5×Price ÷ income
$2,419Weekly cost
$43,975Land 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.

94%mortgage
Mortgage $10,483Property tax $665Total carry $11,148

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

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)
$10,174per month

Mortgage amount $1,839,999 · 4.49% over 25 years

$460,000Down payment (20.0%)
$1,839,999Loan before insurance
$0CMHC premium
$10,839Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$10,174
Property tax
$665
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$10,839

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

One-time closing costs

Ontario land transfer tax
$43,975
Estimated closing costs
$43,975

Plus your down payment of $460,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$12,314/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

$1,212,102Total interest paid
$3,052,101Total of all payments
Principal $1,839,999 Interest $1,212,102
YearPrincipalInterestBalance
1$41,061$81,023$1,798,938
2$42,925$79,159$1,756,013
3$44,874$77,210$1,711,139
4$46,912$75,172$1,664,227
5$49,042$73,042$1,615,185
6$51,268$70,816$1,563,917
7$53,596$68,488$1,510,321
8$56,030$66,054$1,454,291
9$58,574$63,510$1,395,717
10$61,233$60,851$1,334,484
11$64,013$58,071$1,270,471
12$66,920$55,164$1,203,551
13$69,958$52,126$1,133,593
14$73,135$48,949$1,060,458
15$76,455$45,629$984,003
16$79,927$42,157$904,076
17$83,556$38,528$820,521
18$87,349$34,735$733,171
19$91,315$30,769$641,856
20$95,461$26,623$546,395
21$99,796$22,288$446,599
22$104,327$17,757$342,272
23$109,064$13,020$233,208
24$114,016$8,068$119,192
25$119,192$2,892$0

At the end of your 5-year term

Total paid over the term
$610,420
Principal paid down
$224,814
Interest paid
$385,606
Balance remaining
$1,615,185

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 14 whole-home leases in Mill Pond$5,723/mo
$68,676Gross annual rent
2.2%Cap rate after taxes and upkeep
$5,354 to $6,635Typical 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 14 whole-home leases in Mill Pond signed at a median of $6,398 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,723. 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.

3.0%
Gross yield
− Property tax $7,981− Insurance $1,400− Vacancy & upkeep $7,554Net operating income $51,741

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of THE AGENCY. MLS®/PropTx.

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