25 Oak Avenue, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13857982
About this home
In short
- Minutes To The Future Yonge Subway Extension, This Luxury Custom-Built Home Sits On A Premium 45x99 Ft Lot In Prestigious South Richvale.
- Renovated With 2024 Fresh Paint, Refinished Staircase And Basement Bathroom, Brand-new Dishwasher, Stove, And Range Hood, Plus A New A/C Installed In 2023.
- The Professionally Finished Basement Features A Walk-out To The Backyard, Where Mature Privacy Trees And An Oversized Deck Create An Idyllic Setting For Outdoor...
- Oak Hardwood Floors Grace Both The Main And Second Levels.
- The Gourmet-Sized Kitchen, Complete With A Butler's Pantry, Is Made For Entertaining, While Every Second-floor Bedroom Offers The Luxury Of Its Own Walk-in Closet.
Minutes To The Future Yonge Subway Extension, This Luxury Custom-Built Home Sits On A Premium 45x99 Ft Lot In Prestigious South Richvale. Renovated With 2024 Fresh Paint, Refinished Staircase And Basement Bathroom, Brand-new Dishwasher, Stove, And Range Hood, Plus A New A/C Installed In 2023. The Professionally Finished Basement Features A Walk-out To The Backyard, Where Mature Privacy Trees And An Oversized Deck Create An Idyllic Setting For Outdoor Family Gatherings. Oak Hardwood Floors Grace Both The Main And Second Levels. The Gourmet-Sized Kitchen, Complete With A Butler's Pantry, Is Made For Entertaining, While Every Second-floor Bedroom Offers The Luxury Of Its Own Walk-in Closet. A Four-car Parking Driveway Completes This Exceptional Residence. Highly Rated Schools Nearby, And Close To Yonge Street, Bus Stops, Hillcrest Mall, Parks, The Library, Restaurants, Highway 7 & 407, Walmart, Loblaws, Home Depot And More.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13857982
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 45.05 × 98.92 ft
- Cross streets
- Yonge/16th
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Available
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,265 / 2026
- Days on market
- 17
- Listing brokerage
- SMART SOLD REALTY
Rooms
walk-in closet(s) · hardwood floor · 5 pc ensuite
walk-out · laminate
walk-in closet(s) · hardwood floor · 4 pc bath
hardwood floor · combined w/living · pass through
above grade window · laminate · 3 pc bath
walk-in closet(s) · hardwood floor · 4 pc bath
sunken room · hardwood floor · gas fireplace
granite counters · hardwood floor · w/o to patio
hardwood floor · combined w/dining · large window
window · limestone flooring
walk-in closet(s) · hardwood floor · 3 pc ensuite
Listed at $1,588,000. 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 $1.53M, if it sells. A realistic range is $1.43M to $1.72M.
Independent value check: $1.98M. Without looking at the asking price, our model values the home itself about 24% above the ask (homes like it typically land between $1.85M and $2.07M).
Why $1.98M. 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 itIts tax bill, which follows the city's own assessment, is $11,265 a year; the typical home sold here pays about $10,300.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightlyIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,500 to 3,000.
Total price vs nearby homes. Likely closing about $1.53M, from 7 recent closings in this pocket.
The market behind the math:
About 8.1 months of inventory: 19 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 $489/sqft against an area asking average of $815/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. 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 $1.84M. 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
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 7 comparable homes that sold in South Richvale over the past two years, from 86 closings there.
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 $692/sqft; this home lists at $489/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 $1,270,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,024
- Property tax
- $939
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,963
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,235
- Estimated closing costs
- $28,235
Plus your down payment of $317,600. 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
- $421,456
- Principal paid down
- $155,219
- Interest paid
- $266,236
- Balance remaining
- $1,115,181
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 13 whole-home leases in South Richvale signed at a median of $4,996 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,668. 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.