48 Maple Grove Avenue, Richmond Hill, ON

Oak Ridges, Richmond Hill · MLS® N14083612

$4,498,000
For Sale
Listed 5 days agoNo offer date stated
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5Bedrooms
5Bathrooms
4Garage · 10 parking
5,000Sq ft

About this home

In short

  • Sought-after Richmond Hill Oak Ridges Location.
  • Soaring 22 ft ceilings in Kichen, Living, Dining and Master bedroom.
  • The primary hotel-style suite features a luxurious ensuite and custom-designed walk-in closet.
  • Hardwood floors throughout, double laundry, Hide-A-Hose central vacuum, covered loggia, wrought iron pickets, wall paneling, heated 4-car tandem gareage with...
  • Spectacular backyard with 20x40 pool & hot tub.

Sought-after Richmond Hill Oak Ridges Location. Luxury custom-built home with exception craftsmanship and premium finishes. Soaring 22 ft ceilings in Kichen, Living, Dining and Master bedroom. Chef-inspired kitchedn. The primary hotel-style suite features a luxurious ensuite and custom-designed walk-in closet. High End light fixtures thoughout. Hardwood floors throughout, double laundry, Hide-A-Hose central vacuum, covered loggia, wrought iron pickets, wall paneling, heated 4-car tandem gareage with oversized doors, tankless water heater, HRV system, Wi-Fi throughout. Master Bedroom on main floor. All bedrooms with ensuites. Spectacular backyard with 20x40 pool & hot tub. Just under 10000 sqft incl basement. Street is currently being widened and repaved.

Key facts

Property type
Detached, 2-Storey
MLS®
N14083612
Bedrooms
5
Bathrooms
5 (1 half)
Size
5,000 sq ft
Lot
75 × 160 ft
Cross streets
Yonge St & King Rd
Parking
4 garage · 10 parking (built-in)
Driveway
Available
Basement
Walk-Up, Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Pool
Inground
Property tax
$20,413 / 2025
Days on market
5
Listing brokerage
AIMHOME REALTY INC.

Rooms

LaundryMain3.00 × 3.00 m

b/i shelves · b/i vanity

Common RoomSecond8.20 × 6.70 m

Skylight

Bedroom 4Second5.20 × 4.90 m

3 pc ensuite · b/i closet

Bedroom 5Second5.80 × 4.30 m

3 Pc Ensuite

BedroomMain6.10 × 6.10 m

6 pc ensuite · w/w closet · w/o to pool

Bedroom 3Second5.30 × 4.10 m

3 pc ensuite · b/i closet

Common RoomBasement10.00 × 6.90 m

walk-up · walk-up

OfficeMain4.30 × 3.90 m

b/i bookcase · b/i desk

Bedroom 2Second5.20 × 4.60 m

3 pc ensuite · w/w closet

LaundrySecond3.00 × 3.00 m

Skylight

KitchenMain12.20 × 9.20 m

b/i appliances · combined w/family

Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Oak Ridges, Richmond Hill, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$20,500/mo
$836KIncome needed
5.4×Price ÷ income
$4,731Weekly cost
$98,925Land 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.

92%mortgage
Mortgage $20,500Property tax $1,701Total carry $22,201

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

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)
$19,896per month

Mortgage amount $3,598,400 · 4.49% over 25 years

$899,600Down payment (20.0%)
$3,598,400Loan before insurance
$0CMHC premium
$21,597Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$19,896
Property tax
$1,701
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$21,597

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

One-time closing costs

Ontario land transfer tax
$98,925
Estimated closing costs
$98,925

Plus your down payment of $899,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$24,081/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

$2,370,451Total interest paid
$5,968,851Total of all payments
Principal $3,598,400 Interest $2,370,451
YearPrincipalInterestBalance
1$80,301$158,453$3,518,099
2$83,947$154,807$3,434,152
3$87,758$150,996$3,346,394
4$91,743$147,011$3,254,651
5$95,909$142,845$3,158,742
6$100,263$138,491$3,058,479
7$104,816$133,938$2,953,663
8$109,575$129,179$2,844,089
9$114,550$124,204$2,729,539
10$119,751$119,003$2,609,788
11$125,188$113,566$2,484,600
12$130,872$107,882$2,353,728
13$136,814$101,940$2,216,914
14$143,026$95,728$2,073,888
15$149,520$89,234$1,924,368
16$156,309$82,445$1,768,060
17$163,406$75,348$1,604,654
18$170,825$67,929$1,433,829
19$178,581$60,173$1,255,248
20$186,689$52,065$1,068,558
21$195,166$43,588$873,392
22$204,027$34,727$669,365
23$213,291$25,463$456,074
24$222,975$15,779$233,099
25$233,099$5,655$0

At the end of your 5-year term

Total paid over the term
$1,193,770
Principal paid down
$439,658
Interest paid
$754,112
Balance remaining
$3,158,742

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
Estimate$10,500/mo
$126,000Gross annual rent
2.0%Cap rate after taxes and upkeep

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

Talk about the numbers

Estimates 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.

2.8%
Gross yield
− Property tax $20,413− Insurance $1,400− Vacancy & upkeep $13,860Net operating income $90,327

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of AIMHOME REALTY INC.. MLS®/PropTx.

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