35 May Avenue, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13834234
About this home
In short
- Whether you are looking to just move-in, renovate, or invest, this house is perfect.
- Sunny South lot 50x180 ft on prestigious May Ave.
- Almost 4000 sq ft of finished space across 5 levels.
- Short walk to Yonge with all the shops and transit.
- Granite porch, double-height foyer, vaulted ceilings, crown moldings, French doors w/beveled glass, paneled walls, hardwood, enormous granite mantel for gas...
One of a kind!! Whether you are looking to just move-in, renovate, or invest, this house is perfect! 1. Sunny South lot 50x180 ft on prestigious May Ave. 2. Almost 4000 sq ft of finished space across 5 levels. 3. Double garage and endless driveway with no sidewalk. 4. Huge backsplit with 5 levels: 4 bedrooms, 3 full bathrooms with multiple walk-outs. 5. Separate walk-up entrance to basement w/full 2nd kitchen. 6. Even sub-basement has windows and is fully finished. 7. Immaculately maintained by original owners since 1980. 8. Accessible: chair lift (can be removed) and walk-in shower next to 4th bedroom on ground level. 9. Short walk to Yonge with all the shops and transit. 10. Gardener's paradise: landscaped with flower beds, a huge vegetable garden, cantina with shelves to store your wine and preserves. 11. Two modern eat-in kitchens with chef's desks. Main kitchen has under lighting, granite counters and matching kitchen table. 12. Vacant - move-in now - and more! Granite porch, double-height foyer, vaulted ceilings, crown moldings, French doors w/beveled glass, paneled walls, hardwood, enormous granite mantel for gas fireplace, open stairs,walk-outs, walk-ups, and side doors. Yonge around the corner but built for quiet cottage life in the city.
Key facts
- Property type
- Detached, Backsplit 5
- MLS®
- N13834234
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 2000-2500 sq ft
- Lot
- 50 × 180 ft
- Cross streets
- Yonge/Weldrick
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out, Separate Entrance, Walk-Up, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $9,311 / 2026
- Days on market
- 21
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
hardwood floor · closet · 5 pc bath
ceramic floor · vaulted ceiling(s) · french doors
hardwood floor · crown moulding · combined w/living
hardwood floor · closet · overlooks backyard
vinyl floor · eat-in kitchen · w/o to yard
vinyl floor · b/i desk · above grade window
vinyl floor · window · above grade window
parquet · closet · 4 pc bath
ceramic floor · granite counters · w/o to porch
ceramic floor · b/i appliances · w/o to porch
concrete floor · window · b/i shelves
parquet · panelled · w/o to patio
hardwood floor · walk-in closet(s) · 4 pc ensuite
hardwood floor · crown moulding · picture window
Listed at $1,599,000. Going by how homes in North Richvale and the wider GTA have actually closed against their asking prices (about 97%, 16 local closings in 90 days), the likely sale price is near $1.55M, if it sells. A realistic range is $1.45M to $1.75M.
Independent value check: $1.48M. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $1.39M and $1.55M).
Why $1.48M. The typical detached home sold in North Richvale over the past year went for about $1.28M (60 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $9,311 a year; the typical home sold here pays about $6,400.
- ▼ Lowers it slightlyIts lot is 50 by 180 ft; the typical lot sold here is 40 by 120.
- ▲ Raises it slightlyIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
Total price vs nearby homes. Likely closing about $1.55M, from 16 recent closings in this pocket.
The market behind the math:
About 7.1 months of inventory: 38 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $711/sqft against an area asking average of $908/sqft.
- Walk-out basement apartment features. A finished walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in North Richvale: 32 of the 119 detached leases here lately were basement units, around $1,725 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.35M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($711/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in North Richvale, so I widened the search to the surrounding area.
Based on 16 comparable homes that sold in North Richvale over the past two years, from 147 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 $1.48M, which is where my estimate comes from.
Per square foot, these ask about $782/sqft; this home lists at $711/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
North Richvale, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $1,279,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,073
- Property tax
- $776
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,849
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,455
- Estimated closing costs
- $28,455
Plus your down payment of $319,800. 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
- $424,375
- Principal paid down
- $156,295
- Interest paid
- $268,080
- Balance remaining
- $1,122,905
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
The suite is real income here: basements rent in North Richvale (32 of 119 recent detached leases were basement units, around $1,725 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,725 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 16 whole-home leases in North Richvale signed at a median of $3,771 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,911. 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 REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.