12 Mackay Drive, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13844426
About this home
MINUTES TO FUTURE YONGE SUBWAY EXTENSION , Prestigious South Richvale, Luxury Custom-Built Home On Premium Lot, Fully 2026 Renovated, 2026 Fresh Paint, New Bosch Dishwasher & Gas Stove & Range Hood, Highly Rated School in Area, Steps to: Yonge St., Bus Stop, Hillcrest Mall, Parks, Library, Bakery, Restaurants, Highway 7 & Hwy 407, Walmart, Loblaws & More ..., Grand Open-To-Above Foyer, Spacious Open-Concept Layout, Hardwood Throughout, Large Windows, Custom Kitchen With Granite Countertops, Large Bright Breakfast Area with Walk-Out to Oversized Deck & Landscaped Backyard, Gas Fireplace, Primary Bedroom With 2 Walk-In Closets & Additional Built-In Closet with a Luxurious 6-Piece Ensuite with Jacuzzi, Professionally Finished Basement with 2 Bedrooms & Huge Living/Rec Room & Full Bathroom & Windows, Separate Private Entrance with Walk-Up to Private Backyard, Basement Rough-In Ready, Landscaped Fenced Backyard With Large Sitting Deck, Interlock Driveway, Stone Steps, Central Vac, Huge Furnace Room, Garage Entry, A Lot To Say . * MUST SEE * . * See Virtual Tour Link *
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13844426
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 150 ft
- Cross streets
- Yonge / Hwy 7
- Parking
- 2 garage · 7 parking (attached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $12,824 / 2025
- Days on market
- 19
- Listing brokerage
- VIP BAY REALTY INC.
Rooms
limestone flooring · centre island · w/o to deck
hardwood floor · walk-up · window
hardwood floor · 4 pc ensuite · large closet
hardwood floor · window · pot lights
hardwood floor · semi ensuite · large closet
hardwood floor · 3 pc ensuite · window
hardwood floor · mirrored walls · window
hardwood floor · 6 pc ensuite · walk-in closet(s)
hardwood floor · open concept · large window
hardwood floor · semi ensuite · large closet
hardwood floor · french doors · window
limestone flooring · open concept · w/o to deck
hardwood floor · open concept · pot lights
hardwood floor · gas fireplace · overlooks backyard
Listed at $2,280,000. Going by how homes in South Richvale and the wider GTA have actually closed against their asking prices (about 96%, 7 local closings in 90 days), the likely sale price is near $2.20M, if it sells. A realistic range is $2.06M to $2.48M.
Independent value check: $2.26M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $2.12M and $2.37M).
Why $2.26M. The typical detached home sold in South Richvale over the past year went for about $2.13M (45 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $12,824 a year; the typical home sold here pays about $10,300.
- ▲ Raises itIt is 3,500 to 5,000 sq ft; the typical home sold here is 2,500 to 3,000.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $2.20M, from 7 recent closings in this pocket.
The market behind the math:
About 6 months of inventory: 14 detached 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 $536/sqft against an area asking average of $645/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in South Richvale: 20 of the 73 detached leases here lately were basement units, around $1,900 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 7 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.09M. 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
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. 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.
Based on 7 comparable homes that sold in South Richvale over the past two years, from 86 closings there.
For sale
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $529/sqft; this home lists at $536/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
South 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 20, 2026); conventional rates run a little higher.
Mortgage amount $1,824,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,085
- Property tax
- $1,069
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,154
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,475
- Estimated closing costs
- $43,475
Plus your down payment of $456,000. 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
- $605,113
- Principal paid down
- $222,859
- Interest paid
- $382,253
- Balance remaining
- $1,601,141
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 South Richvale (20 of 73 recent detached leases were basement units, around $1,900 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,900 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 14 whole-home leases in South Richvale signed at a median of $5,592 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,084. 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 VIP BAY REALTY INC.. MLS®/PropTx.