166 Tower Hill Road, Richmond Hill, ON
Jefferson, Richmond Hill · MLS® N13846562
About this home
In short
- Nestled on one of Richmond Hill's most prestigious streets, this extraordinary residence backsonto a breathtaking ravine setting that feels like your own private park.
- Offering over 3,500sq. ft. of luxurious living space, this one-of-a-kind home seamlessly blends timeless designwith modern sophistication.
- Showcasing elegance and luxury throughout, the home features astunning walkout basement with an inviting living area overlooking the serene ravine views.
- Rarely offered in this highly sought-after area, this remarkable propertypresents a unique opportunity to own a truly exceptional ravine estate.
Nestled on one of Richmond Hill's most prestigious streets, this extraordinary residence backsonto a breathtaking ravine setting that feels like your own private park. Offering over 3,500sq. ft. of luxurious living space, this one-of-a-kind home seamlessly blends timeless designwith modern sophistication.Showcasing elegance and luxury throughout, the home features astunning walkout basement with an inviting living area overlooking the serene ravine views.Designed for both comfort and upscale entertaining, the chef-inspired kitchen showcasesluxurious custom cabinetry, premium finishes, and exceptional craftsmanship, thoughtfullydesigned to elevate both everyday living and entertaining.The sunroom and private jacuzziretreat create the perfect atmosphere for relaxation and unwinding while immersed in thebeauty of nature. Every detail of this tastefully designed home reflects refined luxury andtimeless elegance.Rarely offered in this highly sought-after area, this remarkable propertypresents a unique opportunity to own a truly exceptional ravine estate.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13846562
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 48 × 81.36 ft
- Cross streets
- Yonge St./Tower Hill Rd.
- Parking
- 2 garage · 5 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,876 / 2025
- Days on market
- 19
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
ceramic floor · hot tub · wood trim
ceramic floor · b/i appliances · modern kitchen
hardwood floor · semi ensuite · overlooks ravine
4 pc ensuite · hardwood floor · walk-in closet(s)
w/o to ravine · open concept · window
hardwood floor · semi ensuite · overlooks frontyard
hardwood floor · gas fireplace · overlooks ravine
hardwood floor · crown moulding · window
hardwood floor · french doors · crown moulding
w/o to deck · overlooks ravine · 5 pc ensuite
double doors · laundry sink · backsplash
ceramic floor · w/o to deck · overlooks ravine
Listed at $1,698,000. Going by how homes in Jefferson and the wider GTA have actually closed against their asking prices (about 98%, 28 local closings in 90 days), the likely sale price is near $1.66M, if it sells. A realistic range is $1.56M to $1.87M.
Independent value check: $1.48M. Without looking at the asking price, our model values the home itself about 13% below the ask (homes like it typically land between $1.38M and $1.55M).
Why $1.48M. The typical detached home sold in Jefferson over the past year went for about $1.52M (94 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $6,876 a year; the typical home sold here pays about $7,500.
Total price vs nearby homes. Likely closing about $1.66M, from 28 recent closings in this pocket.
The market behind the math:
About 3.5 months of inventory: 33 detached homes for sale in the area against 28 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $617/sqft against an area asking average of $603/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 28 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.43M. 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
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($617/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 28 comparable homes that sold in Jefferson over the past two years, from 200 closings there.
For sale
For sale
For sale
For sale
For sale
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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 $583/sqft; this home lists at $617/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 Jefferson: $1.48M in September 2026, down 7% from a year ago, on 93 closings in 11 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.55M | 9 |
| November 2025 | $1.50M | 7 |
| December 2025 | $1.71M | 6 |
| February 2026 | $1.52M | 7 |
| March 2026 | $1.43M | 7 |
| April 2026 | $1.58M | 5 |
| May 2026 | $1.52M | 15 |
| June 2026 | $1.42M | 9 |
| July 2026 | $1.41M | 7 |
| August 2026 | $1.45M | 7 |
| September 2026 | $1.48M | 14 |
Neighbourhood & location
Jefferson, 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 $1,358,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,511
- Property tax
- $573
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,084
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,435
- Estimated closing costs
- $30,435
Plus your down payment of $339,600. 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
- $450,650
- Principal paid down
- $165,971
- Interest paid
- $284,678
- Balance remaining
- $1,192,429
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 Jefferson (32 of 182 recent detached leases were basement units, around $1,925 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,925 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 93 whole-home leases in Jefferson signed at a median of $4,475 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,425. 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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.