197 Garden Avenue, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N14034824
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About this home
In short
- Step inside to discover bright open-concept living spaces enhanced by engineered hardwood floors, designer lighting, and elegant architectural details.
- The designer kitchen is a true showpiece, offering custom extended metallic-finish cabinetry, quartz countertops and backsplash, And Stainless Steel Appliances, While...
- The upper level features four spacious bedrooms, including a primary suite with a private 4-piece ensuite.
- The basement features a separate entrance and offers excellent potential for additional living space or rental income.
- Ideally Located Just Steps To Top Schools, Parks, And The Public Library, This Exceptional Home Delivers Luxury Living In One Of Richmond Hill's Most Coveted Communities.
Welcome To This Newly Custom-Built Luxury Detached Home In The Prestigious South Richvale Community Of Richmond Hill, Surrounded By Multi-Million-Dollar Residences And Located In One Of The Area's Most Desirable Neighbourhoods! Thoughtfully Designed With Modern Elegance And Quality Craftsmanship, This Home Offers A Perfect Balance Of Style, Comfort And Functionality For Everyday Living. Step inside to discover bright open-concept living spaces enhanced by engineered hardwood floors, designer lighting, and elegant architectural details. The living room features a dramatic natural stone slab fireplace wall, creating a striking focal point for sophisticated entertaining.The designer kitchen is a true showpiece, offering custom extended metallic-finish cabinetry, quartz countertops and backsplash, And Stainless Steel Appliances, While The Adjoining Breakfast Area Offers A Walk-Out To A Large Deck Overlooking Serene Greenery. A beautifully upgraded solid wood staircase with matching wood railings leads to the second floor. The upper level features four spacious bedrooms, including a primary suite with a private 4-piece ensuite. Two of the secondary bedrooms offer direct walk-out access to a shared balcony, providing a bright and relaxing outdoor space. The basement features a separate entrance and offers excellent potential for additional living space or rental income. It includes two separate rooms that can be used as bedrooms, living and dining room, a full kitchen, and a 3-piece bathroom. The laundry area is thoughtfully separated from the main living space for added convenience and privacy. Large windows bring in plenty of natural light, creating a bright and comfortable environment. This versatile lower level is ideal for extended family or for generating additional rental income. Ideally Located Just Steps To Top Schools, Parks, And The Public Library, This Exceptional Home Delivers Luxury Living In One Of Richmond Hill's Most Coveted Communities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14034824
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 132.55 × 137.88 ft
- Cross streets
- Yonge St / Hwy 7
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Circular Drive
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,774 / 2026
- Days on market
- 3
- Listing brokerage
- SMART SOLD REALTY
Rooms
hardwood floor · walk-in closet(s) · 4 pc ensuite
hardwood floor · w/o to balcony · window
hardwood floor · w/o to balcony · combined w/living
hardwood floor · window
hardwood floor · w/o to balcony · window
hardwood floor · closet · window
hardwood floor · pot lights · combined w/dining
hardwood floor · fireplace · window
hardwood floor · stainless steel appl · overlooks family
w/o to deck · combined w/kitchen · large window
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Considering this property? Request a written price readNeighbourhood & location
South Richvale, Richmond Hill, ON
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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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,599,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,842
- Property tax
- $981
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,823
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Estimated closing costs
- $36,455
Plus your down payment of $399,800. 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
- $530,535
- Principal paid down
- $195,393
- Interest paid
- $335,142
- Balance remaining
- $1,403,807
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 SMART SOLD REALTY. MLS®/PropTx.