44 Michael Drive, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N14006248
About this home
In short
- They simply don't build townhomes like this anymore.
- The open concept dining and living rooms offer lots of natural light and a walk-out to the beautiful backyard.
- Upstairs are 4 spacious bedrooms, including a primary suite with a walk-in closet and ensuite bathroom.
- The finished basement, with a separate entrance and it's own kitchen and bathroom adds lots of potential and flexibility for extended family or guests.
- Major improvements mean much of the big-ticket items have already been taken care of including: upgraded R-60 attic insulation, upgraded 200 amp electrical panel...
They simply don't build townhomes like this anymore! Welcome to 44 Michael Drive, a spacious 4-bedroom, 4-bathroom end unit townhome offering just shy of 1,600 sq. ft. above grade, tucked away on a quiet street in the heart of sought-after North Richvale neighbourhood. This home offers a layout designed for real family living. On the main floor, you'll find the kitchen featuring upgraded stainless steel appliances and lots of cupboard space. The open concept dining and living rooms offer lots of natural light and a walk-out to the beautiful backyard. Upstairs are 4 spacious bedrooms, including a primary suite with a walk-in closet and ensuite bathroom. The finished basement, with a separate entrance and it's own kitchen and bathroom adds lots of potential and flexibility for extended family or guests. The exterior of the home received a major refresh in 2024 with new siding, new high-efficiency windows, new front door & garage door. The large, private backyard with newer deck, pergola and shed features beautiful trees and provides a peaceful setting with plenty of room to relax or entertain. Major improvements mean much of the big-ticket items have already been taken care of including: upgraded R-60 attic insulation, upgraded 200 amp electrical panel, newer furnace, A/C & hot water tank (all owned). The location is truly hard to beat. North Richvale offers the best of both worlds: an established, mature neighbourhood surrounded by beautiful ravines, parks and walking trails, yet minutes from the conveniences of Yonge Street. Enjoy easy access to Hillcrest Mall, Richvale Community Centre, Lebovic Campus, numerous grocery stores and restaurants, YRT/VIVA transit and Highways 407 & 404. Offers gratefully accepted anytime- a must see home!!!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N14006248
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 42.88 × 83.76 ft
- Cross streets
- Bathurst & Carrville
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding, Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,819 / 2026
- Days on market
- 2
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
plank · open concept · 4 pc bath
plank · renovated · stainless steel appl
plank · large closet · overlooks frontyard
plank · open concept
plank · large closet · overlooks backyard
plank · large closet · overlooks backyard
Plank
plank · fireplace · w/o to deck
plank · walk-in closet(s) · 3 pc ensuite
Listed at $1,088,800, about 14% above our estimate of $953K (homes like it typically land between $893K and $998K).
Why $953K. The typical townhouse sold in North Richvale over the past year went for about $890K (13 sales). What sets this one apart:
- ▲ Raises it4 bedrooms and 4 baths, against 3 and 2 typically.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $4,819 a year; the typical home sold here pays about $4,700.
- ▲ Raises itIt is 1,500 to 2,000 sq ft; the typical home sold here is 1,100 to 1,500.
Total price vs nearby homes. Fair value about $953K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $622/sqft against an area asking average of $576/sqft.
- Separate-entrance basement apartment features. A finished basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. In North Richvale basements rarely rent out (1 of 20 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 21 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $946K. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- 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
There were not many closely comparable homes right in North Richvale, so I widened the search to the surrounding area.
Based on 21 comparable homes that sold in North Richvale over the past two years, from 23 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $953K, which is where my estimate comes from.
Per square foot, these ask about $589/sqft; this home lists at $622/sqft. Size is part of the price story, not just the sticker.
The 4 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
North 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
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 $871,040 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,816
- Property tax
- $402
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,218
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,251
- Estimated closing costs
- $18,251
Plus your down payment of $217,760. 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
- $288,968
- Principal paid down
- $106,425
- Interest paid
- $182,543
- Balance remaining
- $764,615
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 North Richvale basements rarely rent out (1 of 20 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 17 whole-home leases in North Richvale signed at a median of $3,215 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,626. 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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.