29 George Street, Richmond Hill, ON

Oak Ridges, Richmond Hill · MLS® N14080866

$888,000
For Sale
Listed 4 days agoNo offer date stated
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2Bedrooms
2Bathrooms
3Parking
700-1100Sq ft

About this home

In short

  • Welcome to this spectacular detached Residence set on a premium 56 x 133 ft. lot in the highly desirable Oak Ridges community, surrounded by impressive estate homes...
  • The inviting main level features hardwood flooring and generous windows throughout.
  • The Kitchen and Breakfast area offers a walkout to the deck, creating an effortless connection to your private backyard.
  • The finished walkout Basement provides exceptional versatility with a spacious Recreation room, 4pc bathroom and Den, ideal for extended or multigenerational families.

Welcome to this spectacular detached Residence set on a premium 56 x 133 ft. lot in the highly desirable Oak Ridges community, surrounded by impressive estate homes and lush natural beauty. Situated directly across from a park and trail surrounded by conservation, this exceptional property offers a rare combination of location, space, privacy and potential. The inviting main level features hardwood flooring and generous windows throughout. The impressive Family room showcases crown moulding, beautiful park views and a charming wood-burning fireplace with a built-in log storage cupboard. Enjoy family movie night or curl up with your favourite book in this spacious sun-filled room. The Kitchen and Breakfast area offers a walkout to the deck, creating an effortless connection to your private backyard. The Primary Bedroom enjoys lovely park views, while the second Bedroom overlooks the gorgeous backyard. The finished walkout Basement provides exceptional versatility with a spacious Recreation room, 4pc bathroom and Den, ideal for extended or multigenerational families. This flexible space can be leveraged as a home gym, home office, or anything that suits your needs. Outside, enjoy a sunny south-facing backyard with a concrete patio, garden shed and two gazebos - perfect for relaxing or hosting gatherings and enjoying summer BBQs. An enormous attic offers additional storage space. Builders, renovators and investors will appreciate the premium-sized lot and sought-after Oak Ridges location, offering exciting future possibilities. Furnace (2023). Located close to Yonge St., schools, parks, trails, conservation, shopping, restaurants, transit and major highways.

Key facts

Property type
Detached, Bungalow-Raised
MLS®
N14080866
Bedrooms
2
Bathrooms
2
Size
700-1100 sq ft
Lot
56 × 133.08 ft
Cross streets
Yonge St. and King Rd.
Parking
3 parking
Basement
Finished
Heating
Forced Air
A/C
None
Exterior
Board & Batten
Foundation
Poured Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,116 / 2026
Days on market
4
Listing brokerage
CENTURY 21 HERITAGE GROUP LTD.

Rooms

KitchenMain3.51 × 4.50 m

porcelain floor · w/o to deck · south view

DenBasement6.10 × 3.33 m

walk-out · french doors · pot lights

RecreationBasement6.96 × 3.71 m

laminate · french doors · large window

BreakfastMain3.51 × 4.50 m
Bedroom 2Main3.00 × 3.48 m

hardwood floor · large window · closet

Primary BedroomMain2.82 × 4.95 m

hardwood floor · large window · overlooks park

Family RoomMain5.82 × 4.04 m

hardwood floor · fireplace · crown moulding

Our TakeTeam Asgarian · Broker
A small discount is typical
$862Klikely sale price

Listed at $888,000. Going by how homes in Oak Ridges and the wider GTA have actually closed against their asking prices (about 97%, 34 local closings in 90 days), the likely sale price is near $862K, if it sells. A realistic range is $807K to $971K.

Independent value check: $931K. Without looking at the asking price, our model values the home itself about 5% above the ask (homes like it typically land between $872K and $975K).

Why $931K. The typical detached home sold in Oak Ridges over the past year went for about $1.41M (117 sales). What sets this one apart:

  • ▼ Lowers it stronglyIt is 700 to 1,100 sq ft; the typical home sold here is 2,500 to 3,000.
  • ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $5,115 a year; the typical home sold here pays about $6,700.
  • ▼ Lowers it2 bedrooms and 2 baths, against 4+1 and 4 typically.
  • ▼ Lowers it slightly0 garage and 3 total parking spaces, against 2 and 6 typically.
List price
$807KBelow recent closings$971KAbove recent closings

Total price vs nearby homes. Likely closing about $862K, from 34 recent closings in this pocket.

The market behind the math:

34sold nearby · 90 days
$1.35Mmedian sold price
98%of asking, on average
−8%prices vs a year ago
~31 dayshomes like this take to sell
4days on market so far
$2,315/moest. rent · 13 leases
3.1%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 0.8 months of inventory: 9 detached homes for sale in the area against 34 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $987/sqft against an area asking average of $1,190/sqft.

  • Park / green-space backing. The listing says this home backs onto or abuts a park or green space. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 34 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $989K. Condition and finishes remain an in-person call.

What the listing highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Walk-out basement: natural light and strong in-law or income potential. Income potential
  • Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.

There were not many closely comparable homes right in Oak Ridges, so I widened the search to the surrounding area.

Based on 34 comparable homes that sold in Oak Ridges over the past two years, from 211 closings there.

What sellers nearby are askingCurrently listed nearby in Oak Ridges · asking prices
$1.34Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $931K, which is where my estimate comes from.

Per square foot, these ask about $1,130/sqft; this home lists at $987/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
888kThis home1.38M1.40M1.39M1.20M1.36MThis home vs active comparables

Sold price trend

Median sold price for detached homes in Oak Ridges: $1.36M in September 2026, down 5% from a year ago, on 105 closings in 10 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$1.44M9
December 2025$1.49M8
February 2026$1.47M8
March 2026$1.60M9
April 2026$1.50M6
May 2026$1.34M14
June 2026$1.42M15
July 2026$1.52M14
August 2026$1.36M12
September 2026$1.36M10

Neighbourhood & location

Oak Ridges, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Oak Ridges Lake Wilcox
$1.50M
Jefferson
$1.41M
Rural Richmond Hill
$1.66M
Westbrook
$1.58M
Mill Pond
$1.56M

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

Affordability
$4,047/mo
$172KIncome needed
5.2×Price ÷ income
$934Weekly cost
$14,235Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

90%mortgage
Mortgage $4,047Property tax $426Total carry $4,473

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,928per month

Mortgage amount $710,400 · 4.49% over 25 years

$177,600Down payment (20.0%)
$710,400Loan before insurance
$0CMHC premium
$4,354Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,928
Property tax
$426
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,354

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$14,235
Estimated closing costs
$14,235

Plus your down payment of $177,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,754/monthPayment at the qualifying rate

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

$467,977Total interest paid
$1,178,377Total of all payments
Principal $710,400 Interest $467,977
YearPrincipalInterestBalance
1$15,853$31,282$694,547
2$16,573$30,562$677,974
3$17,325$29,810$660,649
4$18,112$29,023$642,537
5$18,934$28,201$623,602
6$19,794$27,341$603,808
7$20,693$26,442$583,115
8$21,632$25,503$561,483
9$22,615$24,521$538,868
10$23,641$23,494$515,227
11$24,715$22,420$490,512
12$25,837$21,298$464,676
13$27,010$20,125$437,666
14$28,236$18,899$409,429
15$29,518$17,617$379,911
16$30,859$16,276$349,052
17$32,260$14,875$316,792
18$33,724$13,411$283,068
19$35,256$11,879$247,812
20$36,856$10,279$210,956
21$38,530$8,605$172,426
22$40,279$6,856$132,147
23$42,108$5,027$90,039
24$44,020$3,115$46,019
25$46,019$1,116$0

At the end of your 5-year term

Total paid over the term
$235,675
Principal paid down
$86,798
Interest paid
$148,878
Balance remaining
$623,602

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.

Let's connect

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

Rental yield
From 13 whole-home leases in Oak Ridges$2,315/mo
$27,780Gross annual rent
2.1%Cap rate after taxes and upkeep
$2,097 to $3,001Typical rent range
~38 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 13 whole-home leases in Oak Ridges signed at a median of $2,355 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,315. 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.

3.1%
Gross yield
− Property tax $5,116− Insurance $1,400− Vacancy & upkeep $3,056Net operating income $18,209

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.

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