2 Gallacher Avenue, Richmond Hill, ON
Oak Ridges, Richmond Hill · MLS® N13883244
About this home
In short
- This charming bungalow was built in 1963 and offers lots of opportunity for a renovation or rebuild.
- Situated on a quiet street and a beautifully treed 75 x 200 ft rectangular shaped lot with lovingly curated gardens.
This charming bungalow was built in 1963 and offers lots of opportunity for a renovation or rebuild. Situated on a quiet street and a beautifully treed 75 x 200 ft rectangular shaped lot with lovingly curated gardens. Three bedrooms are located on the main floor and share a bright bathroom with a skylight. The attached two car garage offers ample space for parking or storage and walks out to the backyard. Within walking distance of the East Humber Trail system and many amenities including the ample shops and restaurants on Yonge St. Within an hour or less drive to Toronto or take the GO train in from either the King, Gormley, or Bloomington Stations. Nearby to many-top-tier schools including The Country Day School, Villanova College, Seneca College, St. Andrew's College, and more. This property is undeniably special, much admired, and ready for the next owner.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13883244
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 75.06 × 201.27 ft
- Cross streets
- King Rd/Yonge St
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Separate Entrance
- Heating
- Radiant
- A/C
- None
- Exterior
- Wood , Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,582 / 2025
- Days on market
- 10
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
tile floor · 3 pc bath · window
vinyl floor · closet · combined w/living
hardwood floor · closet · east view
broadloom · closet · west view
Concrete Floor
hardwood floor · closet · south view
concrete floor · window · closet
broadloom · fireplace · large window
broadloom · large window · combined w/living
concrete floor · concrete sink
Vinyl Floor
tile floor · 4 pc bath · skylight
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $1,223/sqft; this home lists at $1,058/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Oak Ridges, 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.
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $1,100,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,082
- Property tax
- $549
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,631
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,975
- Estimated closing costs
- $23,975
Plus your down payment of $275,000. 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
- $364,925
- Principal paid down
- $134,400
- Interest paid
- $230,526
- Balance remaining
- $965,600
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. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.