20 Elizabeth Street, Richmond Hill, ON
Mill Pond, Richmond Hill · MLS® N13870652
About this home
In short
- A Character-Filled Detached Residence In Richmond Hill's Established Mill Pond Community, Offering A Thoughtfully Updated Interior, Flexible Living Space And...
- The Seller Advises That The Property Has Undergone A Number Of Improvements, Including Conversion Of The Basement Into A Separate Living Area, Interior Painting...
A Character-Filled Detached Residence In Richmond Hill's Established Mill Pond Community, Offering A Thoughtfully Updated Interior, Flexible Living Space And Exceptional Access To The Heart Of The City. The Seller Advises That The Property Has Undergone A Number Of Improvements, Including Conversion Of The Basement Into A Separate Living Area, Interior Painting, Replacement Of The Electrical Panel, Installation Of Three Ductless Split Systems Across Three Levels, Replacement Of Parquet Flooring, Removal Of Select Interior Partition Walls To Create A More Open Living Area, Renovation Of The Kitchen With Updated Cabinetry, Complete Renovation Of Both Bathrooms, Modification Of The Parking Area To Accommodate Two Vehicles, Pot Lighting Throughout, Boiler Improvements And A Gas Connection For Cooking. Ideally Located Near Yonge Street and Major Mackenzie Drive, With Convenient Access To Shopping, Restaurants, Cafés, public transit, and everyday amenities. Enjoy The Established Mill Pond Community With Mill Pond Park Nearby, Along With Richmond Hill Central Library, Richmond Hill Centre For The Performing Arts, Local Parks, Recreation And Schools Serving The Surrounding Area. A Compelling Opportunity For Buyers Seeking A Home With Character, Extensive Seller-Reported Improvements And A Central Richmond Hill Location.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13870652
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 54.55 × 145.53 ft
- Cross streets
- Yonge St / Centre St W
- Parking
- 2 garage · 5 parking (detached)
- Basement
- Apartment, Full, Separate Entrance, Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,557 / 2025
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
b/i closet · 4 pc bath · window
combined w/living · window · pot lights
combined w/dining · gas fireplace · combined w/kitchen
combined w/br · stainless steel sink · pot lights
b/i closet · 3 pc ensuite · pot lights
combined w/kitchen · 3 pc ensuite · pot lights
Combined w/Laundry
b/i closet · pot lights · window
combined w/dining · b/i dishwasher · combined w/living
combined w/living · window · combined w/kitchen
combined w/dining · window · pot lights
We are proud to represent this home. Our team handles every detail, the marketing, the staging, and the showings. The best way to feel what makes it special is in person, so book a private showing and I will walk you through it myself.
Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
Highlights
- Renovated / rebuilt
Neighbourhood & location
Mill Pond, 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 7, 2026); conventional rates run a little higher.
Mortgage amount $852,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,711
- Property tax
- $463
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,174
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,775
- Estimated closing costs
- $17,775
Plus your down payment of $213,000. 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
- $282,651
- Principal paid down
- $104,099
- Interest paid
- $178,553
- Balance remaining
- $747,901
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listed & marketed by Team Asgarian. MLS®/PropTx.