151 Old Surrey Lane, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N13864550
About this home
In short
- Situated On A Premium 49.21 X 118.79 Ft Lot, This Exceptional Home Backs Onto A Picturesque Ravine And Sides Onto A Park, Providing Rare Privacy And Breathtaking...
- It Flows Seamlessly Into The Sun-Filled Breakfast Area With Stunning Ravine Scenery.
- The Primary Retreat Features A 5 Pcs Ensuite And Large Double Closets.
- The Finished Walk-Out Basement Expands The Living Space With A Large Recreation Room, A Versatile Room With Windows And A 3-Piece Bathroom.
- Step Outside To Your Private South-Facing Backyard Oasis And Enjoy Spectacular Ravine Views From The Expansive Deck.
Welcome To 151 Old Surrey Lane, A Beautiful Double-Car Garage Detached Home Nestled In The Prestigious South Richvale Community. Situated On A Premium 49.21 X 118.79 Ft Lot, This Exceptional Home Backs Onto A Picturesque Ravine And Sides Onto A Park, Providing Rare Privacy And Breathtaking Natural Views. Luxurious Stucco Exterior & Interlock Driveway. Step Into The Spacious Foyer And Be Welcomed By A Bright, Open-Concept Living And Dining Room. The Gourmet Kitchen Features A Full Set Of Stainless Steel Appliances, Granite Countertops And Backsplash, Extended Cabinetry For Ample Storage. It Flows Seamlessly Into The Sun-Filled Breakfast Area With Stunning Ravine Scenery. And A Cozy Family Room With Fireplace And Walk-Out To The Deck. The 2nd Floor Offers Five Generously Sized Bedrooms. The Primary Retreat Features A 5 Pcs Ensuite And Large Double Closets. The Second Bedroom Includes Its Own 3 Pcs Ensuite, While The Remaining Bedrooms Share A Well-Appointed 4 Pcs Bathroom. The Finished Walk-Out Basement Expands The Living Space With A Large Recreation Room, A Versatile Room With Windows And A 3-Piece Bathroom. It's Perfect As A Guest Suite, Home Office, Gym, Playroom, Or Private Home Theatre. Step Outside To Your Private South-Facing Backyard Oasis And Enjoy Spectacular Ravine Views From The Expansive Deck. Whether You're Savoring Your Morning Coffee, Hosting Summer Bbqs, Or Relaxing Under The Stars, This Serene Outdoor Retreat Feels Like A Cottage Getaway. Ideally Located Just Minutes To Langstaff GO Station, Yonge Street, Highways 7 & 407, Richmond Hill Centre, Schools, Parks, Grocery Stores, Restaurants, Richmond Hill Golf Club, Silvercity Cinemas, Community Centres, And More. A Rare Opportunity To Own A Home That Perfectly Offer The Blend Of Privacy, Tranquility, Comfort, And Urban Convenience.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13864550
- Bedrooms
- 5+2 (7 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 49.21 × 118.79 ft
- Cross streets
- Yonge St / Hwy 7
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Full, Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,307 / 2026
- Days on market
- 14
- Listing brokerage
- BAY STREET INTEGRITY REALTY INC.
Rooms
vinyl floor · open concept · w/o to yard
laminate · large closet · overlooks ravine
hardwood floor · large window · overlooks frontyard
hardwood floor · fireplace · w/o to deck
laminate · large closet · overlooks ravine
granite counters · stainless steel appl · backsplash
hardwood floor · open concept · overlooks ravine
laminate · 3 pc ensuite · overlooks ravine
5 pc ensuite · large closet · large window
vinyl floor · large closet · separate room
Listed at $2,150,000. 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 $2.07M, if it sells. A realistic range is $1.94M to $2.34M.
Independent value check: $1.84M. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $1.72M and $1.93M).
Why $1.84M. 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 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 $2.07M, from 7 recent closings in this pocket.
The market behind the math:
About 4.7 months of inventory: 11 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 $662/sqft against an area asking average of $847/sqft.
- Walk-out basement apartment features. A finished 2 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.
- 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.
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 $1.79M. 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.
- 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
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($662/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 7 comparable homes that sold in South Richvale over the past two years, from 86 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.84M, which is where my estimate comes from.
Per square foot, these ask about $1,176/sqft; this home lists at $662/sqft. Size is part of the price story, not just the sticker.
The 5 closest 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
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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 $1,720,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,510
- Property tax
- $859
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,369
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $40,225
- Estimated closing costs
- $40,225
Plus your down payment of $430,000. 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
- $570,611
- Principal paid down
- $210,152
- Interest paid
- $360,458
- Balance remaining
- $1,509,848
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 5 whole-home leases in South Richvale signed at a median of $5,741 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,016. 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 BAY STREET INTEGRITY REALTY INC.. MLS®/PropTx.