74 Romance Drive, Richmond Hill, ON
Rouge Woods, Richmond Hill · MLS® N13833042
About this home
In short
- Gorgeous, stunning, renovated, one-of-a-kind two-storey freehold townhouse in the in-demand, highly desirable, quiet and prestigious Rouge Woods Area. elegant glass...
- Functional finished basement with a recreation room, bathroom, and wet bar for entertaining.
- A few minutes' drive to HWY 404, parks and shopping.
Gorgeous, stunning, renovated, one-of-a-kind two-storey freehold townhouse in the in-demand, highly desirable, quiet and prestigious Rouge Woods Area. elegant glass inserted entry door, smooth 9-foot ceiling on the G/F., Open and spacious Living and Dining Room, newer pot lights, Crown Molding on the G/F., W/O To Large Backyard Deck With Sunshade, Upgraded bathrooms and renovated open concept modern kitchen featuring with stainless steel appliances (hood fan, gas surface cooktop, built in dishwasher, double-door refrigerator, microwave, oven), gleaming hardwood floors throughout G/F and 2/F., spacioius primary bedroom complete with walk-in closet featuring built-ins for effortless organization, 4 piece ensuite with a walk in shower, 2nd-floor laundry. Direct Access to garage. Functional finished basement with a recreation room, bathroom, and wet bar for entertaining. Famous high school: Bayview Secondary School. A few minutes' drive to HWY 404, parks and shopping. Meticulously maintained by the owner. Don't miss the opportunity to make this stunning home your own! Excellent move-in condition with lots of upgrades! Must see to appreciate!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N13833042
- Bedrooms
- 3
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 20.01 × 114.66 ft
- Cross streets
- Bayview/Elgin Mills
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,678 / 2026
- Days on market
- 23
- Listing brokerage
- RE/MAX CROSSROADS REALTY INC.
Rooms
combined w/dining · pot lights · hardwood floor
wet bar · bar sink · ceramic floor
crown moulding · w/o to deck · hardwood floor
closet · window · hardwood floor
window · tile ceiling · laminate
stainless steel appl · quartz counter · ceramic backsplash
irregular room · closet · hardwood floor
4 pc ensuite · quartz counter · renovated
combined w/living · pot lights · hardwood floor
Listed at $1,098,000. Going by how homes in Rouge Woods and the wider GTA have actually closed against their asking prices (about 98%, 7 local closings in 90 days), the likely sale price is near $1.07M, if it sells. A realistic range is $1.01M to $1.21M.
Independent value check: $1.02M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $951K and $1.06M).
Why $1.02M. The typical townhouse sold in Rouge Woods over the past year went for about $1.01M (42 sales). What sets this one apart:
- ▲ Raises it slightlyIts tax bill, which follows the city's own assessment, is $5,678 a year; the typical home sold here pays about $5,400.
Total price vs nearby homes. Likely closing about $1.07M, from 7 recent closings in this pocket.
The market behind the math:
About 3.9 months of inventory: 9 townhouse homes for sale in the area against 7 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $627/sqft against an area asking average of $625/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 7 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.01M. 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($627/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 7 comparable homes that sold in Rouge Woods over the past two years, from 87 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $573/sqft; this home lists at $627/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold 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.
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 | $1.07M | 33 |
| November 2025 | $1.05M | 37 |
| December 2025 | $1.08M | 21 |
| January 2026 | $1.10M | 25 |
| February 2026 | $1.10M | 23 |
| March 2026 | $1.06M | 23 |
| April 2026 | $1.05M | 43 |
| May 2026 | $1.05M | 46 |
| June 2026 | $1.02M | 32 |
| July 2026 | $1.02M | 24 |
| August 2026 | $1.03M | 39 |
| September 2026 | $1.02M | 30 |
Neighbourhood & location
Rouge Woods, 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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 21, 2026); conventional rates run a little higher.
Mortgage amount $878,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,857
- Property tax
- $473
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,330
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,435
- Estimated closing costs
- $18,435
Plus your down payment of $219,600. 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
- $291,409
- Principal paid down
- $107,324
- Interest paid
- $184,085
- Balance remaining
- $771,076
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
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 91 whole-home leases in Rouge Woods signed at a median of $3,329 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,377. 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 CROSSROADS REALTY INC.. MLS®/PropTx.