531 Carrville Road, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N14084918
About this home
In short
- Stunning And Beautifully Maintained End-Unit Freehold Townhome, Situated In One Of Richmond Hill's Most Desirable Communities.
- Featuring A Rare Double Car Garage, This Beautiful Residence Offers A Bright And Functional Layout With 9-Foot Ceilings On Both The Main And Second Floors, Large...
- Just 5 Minutes' Drive To Hwy 407 And 10 Minutes To Hwy 404 And Langstaff GO Station, Close To Hillcrest Mall, Parks, Restaurants, And Public Transit.
Stunning And Beautifully Maintained End-Unit Freehold Townhome, Situated In One Of Richmond Hill's Most Desirable Communities! Featuring A Rare Double Car Garage, This Beautiful Residence Offers A Bright And Functional Layout With 9-Foot Ceilings On Both The Main And Second Floors, Large Windows, Abundant Natural Light, And Added Privacy Throughout. The Upgraded Kitchen Features A Centre Island With Eat-In Breakfast Bar, Elegant Backsplash, Premium FOTILE Range Hood, And Reverse Osmosis Water Filtration System, With A Walk-Out To The Balcony For Added Outdoor Living Space. The Upper Level Features Three Generously Sized Bedrooms, All Bright, Spacious, And Quiet, Providing Comfortable And Peaceful Private Living Spaces. The Finished Ground Floor Offers Flexible Living Space, Perfect For A Private Home Office Or Additional Bedroom. Additional Upgrades Include Sound-Insulated Windows For Improved Comfort And Noise Reduction, As Well As Pre-Installed EV Charging Wiring In The Garage For Added Convenience. Located In A Highly Sought-After School District, Close To St. Charles Garnier Catholic Elementary School, St. Theresa Of Lisieux Catholic High School, And Alexander Mackenzie High School With Its IB Program. Just 5 Minutes' Drive To Hwy 407 And 10 Minutes To Hwy 404 And Langstaff GO Station, Close To Hillcrest Mall, Parks, Restaurants, And Public Transit.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- N14084918
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 24.67 × 67.26 ft
- Cross streets
- Bathurst St & Carrville Rd
- Parking
- 2 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,465 / 2026
- Listing brokerage
- SMART SOLD REALTY
Rooms
hardwood floor · vaulted ceiling(s) · closet
hardwood floor · granite counters · centre island
hardwood floor · coffered ceiling(s) · ensuite bath
hardwood floor · picture window · w/o to balcony
hardwood floor · window · closet
hardwood floor · window · open concept
broadloom · overlooks frontyard
Listed at $998,000, about 6% above our estimate of $941K (homes like it typically land between $882K and $986K).
Total price vs nearby homes. Fair value about $941K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $570/sqft against an area asking average of $582/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- Ravine / green setting. This home sits beside a wooded ravine. A premium that comparable-sales math under-prices, so read the estimate as a floor.
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 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.02M. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($570/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in South Richvale, so I widened the search to the surrounding area.
Based on 13 comparable homes that sold in South Richvale over the past two years, from 13 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $941K, which is where my estimate comes from.
Per square foot, these ask about $470/sqft; this home lists at $570/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Richmond Hill: $1.02M in September 2026, down 4% from a year ago, on 376 closings in 12 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 | $1.07M | 33 |
| November 2025 | $1.05M | 37 |
| December 2025 | $1.08M | 21 |
| January 2026 | $1.10M | 25 |
| February 2026 | $1.10M | 23 |
| March 2026 | $1.06M | 23 |
| April 2026 | $1.05M | 43 |
| May 2026 | $1.05M | 46 |
| June 2026 | $1.02M | 32 |
| July 2026 | $1.02M | 24 |
| August 2026 | $1.03M | 39 |
| September 2026 | $1.02M | 30 |
Neighbourhood & location
South Richvale, 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 16, 2026); conventional rates run a little higher.
Mortgage amount $798,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,414
- Property tax
- $455
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,870
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,435
- Estimated closing costs
- $16,435
Plus your down payment of $199,600. 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
- $264,869
- Principal paid down
- $97,550
- Interest paid
- $167,320
- Balance remaining
- $700,850
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 5 whole-home leases in South Richvale signed at a median of $3,746 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,746. 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 SMART SOLD REALTY. MLS®/PropTx.