73 Starlight Crescent, Richmond Hill, ON

Mill Pond, Richmond Hill · MLS® N13870822

$3,750,000
For Sale
Listed 12 days agoNo offer date stated
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4+3Bedrooms
7Bathrooms
3Garage · 9 parking
3500-5000Sq ft

About this home

In short

  • Situated on a premium pie-shaped lot with a 70 ft frontage widening to 107 ft at the rear, this stunning home offers approximately 4,600 sq. ft. above grade plus a...
  • Designed for luxury and convenience, the home includes a private elevator servicing all 3 levels.
  • A grand 2-storey foyer and soaring family room create a bright, open atmosphere filled with natural light.
  • The upper level offers 2 luxurious primary-style suites, each with a walk-in closet and oversized spa-inspired ensuite.
  • Additional highlights include a heated driveway and walkway with smart controls, dual-zone HVAC, automated irrigation system, professionally landscaped grounds, large...

Welcome to this exceptional custom-built residence on a quiet crescent in the prestigious Mill Pond community of Richmond Hill. Situated on a premium pie-shaped lot with a 70 ft frontage widening to 107 ft at the rear, this stunning home offers approximately 4,600 sq. ft. above grade plus a professionally finished 2,000 sq. ft. walkout basement. The timeless exterior features natural Indiana limestone and custom solid mahogany entry doors. Designed for luxury and convenience, the home includes a private elevator servicing all 3 levels. A grand 2-storey foyer and soaring family room create a bright, open atmosphere filled with natural light. The gourmet chef's kitchen is equipped with premium Wolf and Sub-Zero appliances, custom cabinetry, and an oversized centre island ideal for entertaining. Thoughtfully designed, the home features 4 spacious bedrooms, 7 bathrooms, a main floor office, dual laundry rooms, and a mudroom with direct garage access. The upper level offers 2 luxurious primary-style suites, each with a walk-in closet and oversized spa-inspired ensuite. Extensive custom millwork and 4 gas fireplaces enhance the home's refined character. The walkout lower level is ideal for multi-generational living, complete with a full kitchen, expansive recreation area, theatre room, guest and nanny suites, and 2 full bathrooms. Additional highlights include a heated driveway and walkway with smart controls, dual-zone HVAC, automated irrigation system, professionally landscaped grounds, large entertaining deck, and oversized 3-car tandem garage. A rare opportunity to own a distinguished residence just steps to Mill Pond, top-rated schools, parks, trails, and amenities.

Key facts

Property type
Detached, 2-Storey
MLS®
N13870822
Bedrooms
4+3 (7 total)
Bathrooms
7 (1 half)
Size
3500-5000 sq ft
Lot
70.51 × 100.11 ft
Cross streets
Mill St & Trench St
Parking
3 garage · 9 parking (attached)
Driveway
Private
Basement
Finished with Walk-Out
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$18,167 / 2025
Days on market
12
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY
Our TakeTeam Asgarian · Broker
A small discount is typical
$3.69Mlikely sale price

Listed at $3,750,000. Going by how homes in Mill Pond and the wider GTA have actually closed against their asking prices (about 98%, 20 local closings in 90 days), the likely sale price is near $3.69M, if it sells. A realistic range is $3.45M to $4.15M.

Independent value check: $3.05M. Without looking at the asking price, our model values the home itself about 19% below the ask (homes like it typically land between $2.86M and $3.19M).

Why $3.05M. The typical detached home sold in Mill Pond over the past year went for about $1.53M (73 sales). What sets this one apart:

  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $18,167 a year; the typical home sold here pays about $7,900.
  • ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 2,500 to 3,000.
  • ▲ Raises it4+3 bedrooms and 7 baths, against 4+1 and 4 typically.
  • ▲ Raises it3 garage and 9 total parking spaces, against 2 and 6 typically.
List price
$3.45MBelow recent closings$4.15MAbove recent closings

Total price vs nearby homes. Likely closing about $3.69M, from 20 recent closings in this pocket.

The market behind the math:

20sold nearby · 90 days
$1.30Mmedian sold price
101%of asking, on average
−15%prices vs a year ago
~20 dayshomes like this take to sell
12days on market so far
$8,031/moest. rent · 18 leases
2.6%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.7 months of inventory: 11 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $882/sqft against an area asking average of $775/sqft.

  • Walk-out basement apartment features. A finished 3 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Mill Pond: 39 of the 146 detached leases here lately were basement units, around $1,800 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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.01M. 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
  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
  • Primary suite: a key comfort and resale feature. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.

Based on 20 comparable homes that sold in Mill Pond over the past two years, from 156 closings there.

Sold 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.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$1.58M86
November 2025$1.47M77
December 2025$1.68M48
January 2026$1.48M52
February 2026$1.52M57
March 2026$1.49M70
April 2026$1.50M73
May 2026$1.46M114
June 2026$1.50M119
July 2026$1.50M92
August 2026$1.48M80
September 2026$1.44M80

Neighbourhood & location

Mill Pond, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

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

North Richvale
$1.46M
Westbrook
$1.58M
Crosby
$2.05M
Observatory
$2.02M
South Richvale
$4.06M

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
$17,091/mo
$701KIncome needed
5.3×Price ÷ income
$3,944Weekly cost
$80,225Land 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 $17,091Property tax $1,514Total carry $18,605

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

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)
$16,588per month

Mortgage amount $3,000,000 · 4.49% over 25 years

$750,000Down payment (20.0%)
$3,000,000Loan before insurance
$0CMHC premium
$18,101Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$16,588
Property tax
$1,514
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$18,101

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

One-time closing costs

Ontario land transfer tax
$80,225
Estimated closing costs
$80,225

Plus your down payment of $750,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$20,077/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

$1,976,254Total interest paid
$4,976,254Total of all payments
Principal $3,000,000 Interest $1,976,254
YearPrincipalInterestBalance
1$66,947$132,103$2,933,053
2$69,987$129,063$2,863,066
3$73,165$125,886$2,789,901
4$76,487$122,564$2,713,415
5$79,959$119,091$2,633,455
6$83,590$115,460$2,549,866
7$87,385$111,665$2,462,480
8$91,353$107,697$2,371,128
9$95,501$103,550$2,275,627
10$99,837$99,214$2,175,790
11$104,370$94,681$2,071,421
12$109,108$89,942$1,962,312
13$114,062$84,988$1,848,250
14$119,241$79,809$1,729,009
15$124,655$74,395$1,604,353
16$130,315$68,735$1,474,038
17$136,232$62,818$1,337,806
18$142,417$56,633$1,195,389
19$148,884$50,166$1,046,505
20$155,644$43,406$890,861
21$162,711$36,340$728,151
22$170,098$28,952$558,052
23$177,821$21,229$380,231
24$185,895$13,155$194,336
25$194,336$4,715$0

At the end of your 5-year term

Total paid over the term
$995,251
Principal paid down
$366,545
Interest paid
$628,706
Balance remaining
$2,633,455

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
From 18 whole-home leases in Mill Pond$8,031/mo
$96,372Gross annual rent
1.8%Cap rate after taxes and upkeep
$7,525 to $9,078Typical rent range
~15 daysTo find a tenant, on average

The suite is real income here: basements rent in Mill Pond (39 of 146 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 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 numbers

The last 18 whole-home leases in Mill Pond signed at a median of $7,340 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,031. 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.

2.6%
Gross yield
− Property tax $18,167− Insurance $1,400− Vacancy & upkeep $10,601Net operating income $66,204

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.

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