23 Thomas Legge Crescent, Richmond Hill, ON
Oak Ridges, Richmond Hill · MLS® N13846460
About this home
In short
- Attention Investors & End-User Buyers.
- Discover the potential of this bright and spacious 2-storey, 3-bedroom freehold residence in the highly desirable, family-friendly community of Oak Ridges.
- For investors, enjoy immediate rental income of $3,300/month with a wonderful long-term tenant who has kept the home exceptionally clean and well maintained for the...
- For end-user buyers, the cooperative tenant allows for comfortable showings, with a smooth transition to be arranged in accordance with the required process and timeline.
- Close to shopping and everyday amenities, plus just a 7-minute drive to the beautiful trails of Bond Lake and Lake Wilcox.
Attention Investors & End-User Buyers! Discover the potential of this bright and spacious 2-storey, 3-bedroom freehold residence in the highly desirable, family-friendly community of Oak Ridges. Impressive two-storey windows fill the home with abundant natural light, creating a bright and airy atmosphere throughout. Featuring upgraded washrooms and a sunny south-facing backyard with a concrete patio, perfect for relaxing and entertaining.For investors, enjoy immediate rental income of $3,300/month with a wonderful long-term tenant who has kept the home exceptionally clean and well maintained for the past 3 years. As a freehold property with no monthly condo maintenance fees, it offers an attractive low-overhead investment opportunity.For end-user buyers, the cooperative tenant allows for comfortable showings, with a smooth transition to be arranged in accordance with the required process and timeline.Fantastic family-friendly location with Kettle Lakes Public School and Father Frederick McGinn Catholic Elementary School within walking distance, along with nearby daycare options. Close to shopping and everyday amenities, plus just a 7-minute drive to the beautiful trails of Bond Lake and Lake Wilcox.Whether you're looking for an investment opportunity or a place to call home, don't miss this Oak Ridges opportunity!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N13846460
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 24.61 × 88.58 ft
- Cross streets
- Bathurst St & King Rd
- Parking
- 1 garage · 3 parking (attached)
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick, Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,523 / 2026
- Days on market
- 19
- Listing brokerage
- RETREND REALTY LTD
Rooms
double closet · closet organizers · large window
stainless steel appl · corian counter · backsplash
double closet · closet organizers · large window
hardwood floor · gas fireplace · combined w/kitchen
ceramic floor · w/o to yard · overlooks backyard
4 pc ensuite · walk-in closet(s)
Hardwood Floor
Listed at $989,000. Going by how homes in Oak Ridges and the wider GTA have actually closed against their asking prices (about 97%, 12 local closings in 90 days), the likely sale price is near $959K, if it sells. A realistic range is $898K to $1.08M.
Independent value check: $893K. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $836K and $935K).
Why $893K. The typical townhouse sold in Oak Ridges over the past year went for about $1.02M (48 sales). What sets this one apart:
- ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $4,523 a year; the typical home sold here pays about $4,700.
- ▼ Lowers it slightly3 bedrooms and 3 baths, against 3+1 and 4 typically.
- ▼ Lowers it slightlyThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $959K, from 12 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 12 townhouse homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $565/sqft against an area asking average of $581/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 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $854K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($565/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 12 comparable homes that sold in Oak Ridges over the past two years, from 103 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
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 $560/sqft; this home lists at $565/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 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
Oak Ridges, 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 20, 2026); conventional rates run a little higher.
Mortgage amount $791,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,375
- Property tax
- $377
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,752
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,255
- Estimated closing costs
- $16,255
Plus your down payment of $197,800. 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
- $262,481
- Principal paid down
- $96,670
- Interest paid
- $165,811
- Balance remaining
- $694,530
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 63 whole-home leases in Oak Ridges signed at a median of $3,573 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,274. 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 RETREND REALTY LTD. MLS®/PropTx.