21 Iron Horse Avenue, Richmond Hill, ON
Langstaff, Richmond Hill · MLS® N13876778
About this home
In short
- BRIGHT & BEAUTIFULLY RENOVATED CORNER-UNIT FREEHOLD TOWNHOME in a highly sought-after Richmond Hill neighbourhood.
- 1,850 sq. ft. plus a FINISHED BASEMENT, offering exceptional space for the whole family.
- This move-in-ready home features 3 spacious bedrooms, a functional open-concept layout, renovated kitchen & bathrooms, upgraded flooring throughout the upper level...
- OVER $50,000 SPENT ON UPGRADES & RENOVATIONS.
- The FINISHED BASEMENT features a kitchen, bathroom & 2 additional rooms, providing excellent additional living space for a recreation room, home office or guest area.
BRIGHT & BEAUTIFULLY RENOVATED CORNER-UNIT FREEHOLD TOWNHOME in a highly sought-after Richmond Hill neighbourhood! Approx. 1,850 sq. ft. plus a FINISHED BASEMENT, offering exceptional space for the whole family. This move-in-ready home features 3 spacious bedrooms, a functional open-concept layout, renovated kitchen & bathrooms, upgraded flooring throughout the upper level with NO CARPET, and large windows bringing in an abundance of natural light. OVER $50,000 SPENT ON UPGRADES & RENOVATIONS! The FINISHED BASEMENT features a kitchen, bathroom & 2 additional rooms, providing excellent additional living space for a recreation room, home office or guest area. Enjoy a fully fenced backyard, private driveway and direct garage access. 3 parking spaces- 1 garage+ 2 driveway. Located in a TOP-RANKED SCHOOL AREA, close to parks, shopping, restaurants, public transit, Hwy 7 & 407. NO MAINTENANCE FEES! A rare opportunity to own a spacious, upgraded END-UNIT FREEHOLD TOWNHOME in one of Richmond Hill's most desirable family-friendly communities. BRIGHT, SPACIOUS & MOVE-IN READY!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N13876778
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 7.93 × 23 ft
- Cross streets
- Bayview/Bantry/Yonge
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Apartment, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,962 / 2025
- Days on market
- 7
- Listing brokerage
- JDL REALTY INC.
Rooms
broadloom · combined w/living · window
broadloom · 4 pc ensuite · walk-in closet(s)
Ceramic Floor
broadloom · combined w/dining · window
ceramic floor · w/o to patio
broadloom · closet
broadloom · closet
ceramic floor · w/o to patio
Listed at $999,900. Going by how homes in Langstaff and the wider GTA have actually closed against their asking prices (about 99%, 10 local closings in 90 days), the likely sale price is near $992K, if it sells. A realistic range is $930K to $1.12M.
Independent value check: $1.14M. Without looking at the asking price, our model values the home itself about 14% above the ask (homes like it typically land between $1.06M and $1.19M).
Why $1.14M. The typical townhouse sold in Langstaff over the past year went for about $1.06M (32 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $5,962 a year; the typical home sold here pays about $5,400.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $992K, from 10 recent closings in this pocket.
The market behind the math:
About 1.5 months of inventory: 5 townhouse homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $571/sqft against an area asking average of $681/sqft.
- basement apartment features. A finished 2 bed basement apartment. A self-contained space for extended family, guests or potential income. In Langstaff basements rarely rent out (3 of 117 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. 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 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.11M. Condition and finishes remain an in-person call.
What the listing highlights4 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
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 10 comparable homes that sold in Langstaff over the past two years, from 71 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $618/sqft; this home lists at $571/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Richmond Hill: $1.02M in September 2026, down 4% from a year ago, on 376 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 | $1.07M | 33 |
| November 2025 | $1.05M | 37 |
| December 2025 | $1.08M | 21 |
| January 2026 | $1.10M | 25 |
| February 2026 | $1.10M | 23 |
| March 2026 | $1.06M | 23 |
| April 2026 | $1.05M | 43 |
| May 2026 | $1.05M | 46 |
| June 2026 | $1.02M | 32 |
| July 2026 | $1.02M | 24 |
| August 2026 | $1.03M | 39 |
| September 2026 | $1.02M | 30 |
Neighbourhood & location
Langstaff, 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 16, 2026); conventional rates run a little higher.
Mortgage amount $799,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $497
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,920
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,473
- Estimated closing costs
- $16,473
Plus your down payment of $199,980. 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
- $265,374
- Principal paid down
- $97,735
- Interest paid
- $167,638
- Balance remaining
- $702,185
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
About the suite: in Langstaff basements rarely rent out (3 of 117 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 94 whole-home leases in Langstaff signed at a median of $3,460 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,678. 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 JDL REALTY INC.. MLS®/PropTx.