274 Demaine Crescent, Richmond Hill, ON
Crosby, Richmond Hill · MLS® N14080260
About this home
In short
- Rare investment or end-user opportunity in Richmond Hill's sought-after Crosby community.
- 1,812 sq. ft. of above-grade living space on a premium, pool-sized pie lot that widens significantly at the rear.
- The bright main level features a functional open-concept kitchen and spacious living/dining area, ideal for family gatherings, along with 2 main-floor bedrooms, a...
- 2014/2015) is a private primary suite retreat complete with a 3-piece ensuite bath with glass enclosed shower and a large walk-in closet.
- Outdoor space offers a fully fenced yard with room for a pool and driveway parking for up to 5 cars.
Rare investment or end-user opportunity in Richmond Hill's sought-after Crosby community! This unique 2-storey semi-detached residence boasts an expansive layout offering approx. 1,812 sq. ft. of above-grade living space on a premium, pool-sized pie lot that widens significantly at the rear. The bright main level features a functional open-concept kitchen and spacious living/dining area, ideal for family gatherings, along with 2 main-floor bedrooms, a full 4-piece bathroom, plus a convenient 2-piece powder room. Dedicated entirely to the upper level addition (added approx. 2014/2015) is a private primary suite retreat complete with a 3-piece ensuite bath with glass enclosed shower and a large walk-in closet. The fully finished basement provides exceptional extended space featuring a second kitchen, large sitting area, full 4-piece bathroom, and flexible layout for up to 3 additional bedrooms/bonus rooms, perfect in-law space or use for multi-generational living arrangements. Outdoor space offers a fully fenced yard with room for a pool and driveway parking for up to 5 cars. Unbeatable location steps to top-tier schools including Crosby Heights P.S. and Bayview Secondary School district. Minutes to Yonge St shops, dining, public transit, Richmond Hill GO Station, Newkirk Park, and easy highway access. Don't miss this incredible opportunity where you are paying semi-detached price for a home that has more square footage and a bigger lot than many detached homes! Some images have been virtually staged. VTB financing available with as little as 15% down @ 6.5%, amortized up to 50 years/interest only - no income verification or credit qualifications.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- N14080260
- Bedrooms
- 3+3 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 23 × 93.5 ft
- Cross streets
- S of Elgin Mills btw Yonge & Bayview
- Parking
- 5 parking
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Aluminum Siding
- Foundation
- Concrete, Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,936 / 2026
- Days on market
- 4
- Listing brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Rooms
Hardwood Floor
W/O To Deck
hardwood floor · open concept
Hardwood Floor
Hardwood Floor
centre island · hardwood floor · granite counters
4 pc ensuite · walk-in closet(s) · hardwood floor
Listed at $949,900, about 7% below our estimate of $1.02M (homes like it typically land between $952K and $1.06M).
Why $1.02M. The typical semi-detached home sold in Crosby over the past year went for about $890K (22 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $5,936 a year; the typical home sold here pays about $4,700.
- ▲ Raises it3+3 bedrooms and 4 baths, against 3+2 and 2 typically.
- ▲ Raises itIt is 1,500 to 2,000 sq ft; the typical home sold here is 700 to 1,100.
Total price vs nearby homes. Fair value about $1.02M, learned from recent GTA sales.
The market behind the math:
About 7.5 months of inventory: 10 semi-detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $543/sqft against an area asking average of $957/sqft.
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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $961K. 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Crosby, so I widened the search to the surrounding area.
Based on 6 homes sold on this street over the past two years, from 49 closings in Crosby.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $1.02M, which is where my estimate comes from.
Per square foot, these ask about $993/sqft; this home lists at $543/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for semi-detached homes in Richmond Hill: $960K in September 2026, level with a year ago, on 72 closings in 8 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 | $1.00M | 11 |
| November 2025 | $1.02M | 5 |
| March 2026 | $1.11M | 10 |
| May 2026 | $956K | 11 |
| June 2026 | $1.05M | 8 |
| July 2026 | $1.05M | 13 |
| August 2026 | $1.03M | 7 |
| September 2026 | $960K | 7 |
Neighbourhood & location
Crosby, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $759,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,202
- Property tax
- $495
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,696
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,473
- Estimated closing costs
- $15,473
Plus your down payment of $189,980. 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
- $252,104
- Principal paid down
- $92,848
- Interest paid
- $159,255
- Balance remaining
- $667,072
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
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 19 whole-home leases in Crosby signed at a median of $2,510 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,303. 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 CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.