40 Pitney Avenue, Richmond Hill, ON

Jefferson, Richmond Hill · MLS® N13850118

$995,000
For Sale
Listed 18 days agoNo offer date stated
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3Bedrooms
3Bathrooms
1Garage · 2 parking
1500-2000Sq ft

About this home

The Perfect 3 Bedroom Freehold Townhouse In Richmond Hill's Prestigious And Family Friendly Jefferson Community, Beautifully Refreshed With Extensive 2026 Updates And Move In Ready * Welcoming Front Porch With Seating Area * Bright Open Concept Main Floor With Large Windows, Rare North And South Exposure, 9 Ft Ceilings And A Cozy Family Room With Gas Fireplace * Smooth Ceilings, New Flooring, Modern Light Fixtures And Fresh Paint Throughout * Renovated Bathrooms * Upgraded Kitchen With Quartz Countertops, Stainless Steel Appliances And A Large Island With Sink And Seating, Plus Newer Stove And Dishwasher (2025) * Walkout To Deck And Fully Fenced Backyard With Patio Area * Freshly Stained Deck And Fence * Rare Staggered Design With Side Separation Beside The Family Room, Offering Added Privacy And A More Open Feel * Spacious Primary Bedroom With Two Walk In Closets, Custom Built In Shelving And Drawers, Plus A 4 Pc Ensuite With Freestanding Soaker Tub And Glass Shower Enclosure * Direct Access From Garage To The Home, Plus Separate Access Through The Garage To The Backyard * Level 2 EV Charger In Garage * Several Windows Recently Replaced * Close To Yonge St, Top Rated Schools, Tim Hortons, LCBO, Plazas, Farm Boy, Gyms, Medical Clinics, Restaurants And Cafes, Viva Transit And Bus Stops * Parks And Trails Within Walking Distance * Convenient Access To Hwy 404, Hwy 400 And Major Routes * A Must See Home!

Key facts

Property type
Townhouse, 2-Storey
MLS®
N13850118
Bedrooms
3
Bathrooms
3 (1 half)
Size
1500-2000 sq ft
Lot
24.61 × 88.58 ft
Cross streets
Yonge St & Jefferson Side Rd.
Parking
1 garage · 2 parking (built-in)
Driveway
Private
Basement
Unfinished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Property tax
$4,510 / 2025
Days on market
18
Listing brokerage
RE/MAX EXPERTS

Rooms

BreakfastMain2.80 × 3.60 m

tile floor · w/o to deck

Living RoomMain3.70 × 2.80 m

large window · overlooks frontyard

Family RoomMain5.40 × 3.40 m

fireplace · combined w/dining

Bedroom 3Second3.81 × 2.79 m

large window · large closet

Primary BedroomSecond4.93 × 3.71 m

large window · his and hers closets

Bedroom 2Second4.70 × 3.12 m

large window · closet organizers

KitchenMain3.40 × 3.60 m

quartz counter · centre island

Dining RoomMain5.40 × 3.40 m

open concept · combined w/family

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Jefferson, Richmond Hill, ON

CommuteTime from this home to where you spend your day

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Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Oak Ridges
$1.09M
Oak Ridges Lake Wilcox
$1.02M
Westbrook
$1.07M
Rural Richmond Hill
$1.10M
Rouge Woods
$1.00M

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

Affordability
$4,535/mo
$188KIncome needed
5.3×Price ÷ income
$1,047Weekly cost
$16,375Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

92%mortgage
Mortgage $4,535Property tax $376Total carry $4,911

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,401per month

Mortgage amount $796,000 · 4.49% over 25 years

$199,000Down payment (20.0%)
$796,000Loan before insurance
$0CMHC premium
$4,777Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,401
Property tax
$376
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,777

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$16,375
Estimated closing costs
$16,375

Plus your down payment of $199,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,327/monthPayment at the qualifying rate

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

$524,366Total interest paid
$1,320,366Total of all payments
Principal $796,000 Interest $524,366
YearPrincipalInterestBalance
1$17,763$35,051$778,237
2$18,570$34,245$759,667
3$19,413$33,402$740,254
4$20,294$32,520$719,959
5$21,216$31,599$698,743
6$22,179$30,635$676,564
7$23,186$29,628$653,378
8$24,239$28,576$629,139
9$25,339$27,475$603,800
10$26,490$26,325$577,310
11$27,693$25,122$549,617
12$28,950$23,865$520,667
13$30,265$22,550$490,402
14$31,639$21,176$458,764
15$33,075$19,739$425,688
16$34,577$18,238$391,111
17$36,147$16,668$354,965
18$37,788$15,027$317,176
19$39,504$13,311$277,673
20$41,297$11,517$236,375
21$43,173$9,642$193,203
22$45,133$7,682$148,070
23$47,182$5,633$100,888
24$49,324$3,490$51,564
25$51,564$1,251$0

At the end of your 5-year term

Total paid over the term
$264,073
Principal paid down
$97,257
Interest paid
$166,817
Balance remaining
$698,743

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.

Let's connect

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

Rental yield
Estimate$3,150/mo
$37,800Gross annual rent
2.8%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

3.8%
Gross yield
− Property tax $4,510− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $27,732

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX EXPERTS. MLS®/PropTx.

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