11 Melbourne Drive, Richmond Hill, ON
Rouge Woods, Richmond Hill · MLS® N14083072
About this home
In short
- Richmond Hill Family-friendly Rouge Woods neighborhood, this Bright and Spacious 2-Storey Detached Home, Attached double garage, 9 Ft Ceiling on Main.
- Modern Open-Concept Main Floor Spacious & Luxurious Living: Offers 3023 sq ft of above-grade space Features a Functional Layout, shines with care and quality.
- Sunlight streams across rich hardwood floors on both living levels.
- The fully renovated kitchen equipped with brand-new stainless-steel appliance including a LG Fridge, LG Range and Quartz Countertops with a designer backsplash.
- The professionally renovated lower level adds a cozy retreat with an extra bedroom and full bath-perfect for guests or teens.
Richmond Hill*** Family-friendly Rouge Woods neighborhood, this Bright and Spacious 2-Storey Detached Home, Attached double garage, 9 Ft Ceiling on Main. Modern Open-Concept Main Floor Spacious & Luxurious Living: Offers 3023 sq ft of above-grade space Features a Functional Layout, shines with care and quality. Sunlight streams across rich hardwood floors on both living levels. The fully renovated kitchen equipped with brand-new stainless-steel appliance including a LG Fridge, LG Range and Quartz Countertops with a designer backsplash. Upstairs; four generous bedrooms and three Quartz Countertops full baths offer plenty of space for a growing family. Brand-new stainless-steel LG Washer and LG Dryer. The professionally renovated lower level adds a cozy retreat with an extra bedroom and full bath-perfect for guests or teens. Step outside to your own fully fenced private backyard that kids will love. All this, minutes from top-rated schools, lush parks, community hubs, transit, and daily shopping. The seller is highly motivated - don't miss this opportunity.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14083072
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 46.97 × 98.43 ft
- Cross streets
- Leslie/Elgin Mills
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Available
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,770 / 2025
- Days on market
- 4
- Listing brokerage
- HOMELIFE BROADWAY REALTY INC.
Rooms
hardwood floor · open concept · window
laminate · pot lights
hardwood floor · 4 pc ensuite · closet
ceramic floor · w/o to yard
ceramic floor · backsplash · centre island
hardwood floor · coffered ceiling(s) · open concept
laminate · pot lights · window
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · semi ensuite · closet
hardwood floor · window
laminate · closet · window
hardwood floor · fireplace · pot lights
hardwood floor · semi ensuite · closet
Ceramic Floor
Listed at $1,768,000. Going by how homes in Rouge Woods and the wider GTA have actually closed against their asking prices (about 100%, 17 local closings in 90 days), the likely sale price is near $1.76M, if it sells. A realistic range is $1.65M to $1.99M.
Independent value check: $1.69M. Without looking at the asking price, our model values the home itself about 4% below the ask (homes like it typically land between $1.59M and $1.77M).
Why $1.69M. The typical detached home sold in Rouge Woods over the past year went for about $1.57M (67 sales). What sets this one apart:
- ▲ Raises itIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $8,770 a year; the typical home sold here pays about $7,600.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightly4+1 bedrooms and 5 baths, against 4+1 and 4 typically.
Total price vs nearby homes. Likely closing about $1.76M, from 17 recent closings in this pocket.
The market behind the math:
About 0.9 months of inventory: 5 detached homes for sale in the area against 17 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $544/sqft against an area asking average of $639/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 17 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.77M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 17 comparable homes that sold in Rouge Woods over the past two years, from 126 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $639/sqft; this home lists at $544/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Rouge Woods: $1.56M in September 2026, up 1% from a year ago, on 63 closings in 9 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 7 |
| November 2025 | $1.65M | 9 |
| March 2026 | $1.49M | 9 |
| April 2026 | $1.53M | 8 |
| May 2026 | $1.43M | 5 |
| June 2026 | $1.63M | 5 |
| July 2026 | $1.60M | 6 |
| August 2026 | $1.64M | 6 |
| September 2026 | $1.56M | 8 |
Neighbourhood & location
Rouge Woods, 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
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 $1,414,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,820
- Property tax
- $731
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,551
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $31,835
- Estimated closing costs
- $31,835
Plus your down payment of $353,600. 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
- $469,228
- Principal paid down
- $172,814
- Interest paid
- $296,414
- Balance remaining
- $1,241,586
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 66 whole-home leases in Rouge Woods signed at a median of $4,472 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,225. 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 HOMELIFE BROADWAY REALTY INC.. MLS®/PropTx.