247 Shirley Drive, Richmond Hill, ON
Rouge Woods, Richmond Hill · MLS® N13846464
About this home
In short
- Exceptional Corner Freehold Townhome In Sought-After Bayview S.S.
- School District, Featuring Walk-Out Basement With Separate Street Access, Three-Side Exposure, Clear Views & Skylight.
- Sun-Filled Living Room With 12-Ft Ceiling, Brand New Flooring On Main & Grand Curved Staircase(2021).
- The General Sized Primary Suite Features Cathedral Ceiling & 5-Piece Ensuite(2021).
- Finished Walk-Out Basement Offers A Huge Rec Room With Sink, Bedroom & 3 Pc Bathroom.
Exceptional Corner Freehold Townhome In Sought-After Bayview S.S. (Ib) & Richmond Rose P.S. School District, Featuring Walk-Out Basement With Separate Street Access, Three-Side Exposure, Clear Views & Skylight. Double Garage+2 Parking On Driveway. Sun-Filled Living Room With 12-Ft Ceiling, Brand New Flooring On Main & Grand Curved Staircase(2021). Kitchen With S/S Appliances, Backsplash, Granite Coutertops & W/O To Deck. The General Sized Primary Suite Features Cathedral Ceiling & 5-Piece Ensuite(2021). Finished Walk-Out Basement Offers A Huge Rec Room With Sink, Bedroom & 3 Pc Bathroom. Conveniently Located In The Heart Of Rouge Woods: 20 Mins Walk To Bayview S.S, 10 Mins Walk To Richmond Rose P.S., Michaëlle Jean P.S.& Community Centre. 4-8 Mins Drive To Hwy 404, Costco, Walmart, Richmond Green Sports Centre, Banks And Everyday Shopping At Nearby Leslie, Elgin Mills Plazas & All Amenities.
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N13846464
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 22.55 × 145.4 ft
- Cross streets
- Bayveiw Ave/Elgin Mills Rd
- Parking
- 2 garage · 4 parking (detached)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,575 / 2026
- Days on market
- 19
- Listing brokerage
- SMART SOLD REALTY
Rooms
ceramic floor · w/o to deck · stainless steel appl
hardwood floor · cathedral ceiling(s) · 5 pc ensuite
hardwood floor · large window · closet
laminate · combined w/living · pot lights
laminate · stainless steel sink · w/o to yard
laminate · combined w/dining · pot lights
hardwood floor · large window · closet
laminate · above grade window
laminate · overlooks backyard · east view
Listed at $1,198,000. 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 $1.17M, if it sells. A realistic range is $1.10M to $1.32M.
Independent value check: $1.20M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $1.12M and $1.26M).
Why $1.20M. 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 stronglyIts tax bill, which follows the city's own assessment, is $6,575 a year; the typical home sold here pays about $5,400.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it2 garage and 4 total parking spaces, against 1 and 3 typically.
Total price vs nearby homes. Likely closing about $1.17M, 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 $685/sqft against an area asking average of $618/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. In Rouge Woods basements rarely rent out (1 of 117 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. 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 $1.22M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Based on 6 homes sold on this street over the past two years, from 87 closings in Rouge Woods.
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 $588/sqft; this home lists at $685/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 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 20, 2026); conventional rates run a little higher.
Mortgage amount $958,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,299
- Property tax
- $548
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,847
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,435
- Estimated closing costs
- $20,435
Plus your down payment of $239,600. 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
- $317,949
- Principal paid down
- $117,099
- Interest paid
- $200,851
- Balance remaining
- $841,301
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
About the suite: in Rouge Woods basements rarely rent out (1 of 117 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 95 whole-home leases in Rouge Woods signed at a median of $3,333 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,453. 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 SMART SOLD REALTY. MLS®/PropTx.