61 Magdalan Crescent, Richmond Hill, ON
Jefferson, Richmond Hill · MLS® N14085036
About this home
In short
- Mansion-Style Living in Prestigious Jefferson.
- 5,000 sq. ft. of total finished living space.
- This stunning 13 year old residence features a striking Stone façade, premium fiberglass entry doors & high ceiling, a dramatic 2-storey Foyer with a grand Circular...
- The main Primary retreat offers a luxurious En-suite & custom Closet organizers, while the additional Bedrooms provide exceptional space & functionality for the...
- Ideal for extended family or multigenerational living, with excellent potential for future customization or additional rental INCOME potential. | Additional features...
Mansion-Style Living in Prestigious Jefferson! A spacious & impeccably maintained home on a quiet family friendly street, offering approx. 5,000 sq. ft. of total finished living space. This stunning 13 year old residence features a striking Stone façade, premium fiberglass entry doors & high ceiling, a dramatic 2-storey Foyer with a grand Circular staircase, hardwood floors throughout, pot lights & an exceptional family-friendly layout. | The Main level offers a extra spacious Living room, formal Dining room, very large Family room with gas fireplace, private Office, and a chef-inspired Kitchen with quartz countertops, overlooking the bright Breakfast area with Walkout to a beautiful 2-tier deck, perfect for entertaining. | The Upper level features 2 primary Master suites, each with a private En-suite, plus 2 extra-large Bedrooms sharing a convenient Jack & Jill Bathroom. The main Primary retreat offers a luxurious En-suite & custom Closet organizers, while the additional Bedrooms provide exceptional space & functionality for the entire family. | ** Professionally finished Self-contained garage-level Basement with 8-ft. ceilings and Oversized Above grade windows, featuring 3 spacious Bedrooms, 2 full Bathrooms, an open-concept Kitchen, and a large Living area. Ideal for extended family or multigenerational living, with excellent potential for future customization or additional rental INCOME potential. | Additional features include New zebra blinds, 2 Separate Laundry rooms, & numerous upgrades throughout. | Located in the prestigious Jefferson community & within the highly sought after Richmond Hill High School. Wow! This is A Must See!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14085036
- Bedrooms
- 4+3 (7 total)
- Bathrooms
- 6 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 36.09 × 119.98 ft
- Cross streets
- Bayview/19th Avenue
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Apartment, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,969 / 2025
- Days on market
- 3
- Listing brokerage
- CENTURY 21 GREEN REALTY INC.
Rooms
laminate · combined w/great rm · above grade window
laminate · large closet · large window
hardwood floor · window · pot lights
hardwood floor · large closet · semi ensuite
combined w/family · open concept · w/o to deck
hardwood floor · large window · 4 pc ensuite
hardwood floor · walk-in closet(s) · 5 pc ensuite
hardwood floor · large window · overlooks frontyard
laminate · large closet · above grade window
hardwood floor · large closet · semi ensuite
hardwood floor · window
hardwood floor · pot lights · gas fireplace
laminate · 4 pc bath · above grade window
ceramic floor · granite counters · w/o to deck
Listed at $1,498,800. Going by how homes in Jefferson and the wider GTA have actually closed against their asking prices (about 98%, 28 local closings in 90 days), the likely sale price is near $1.47M, if it sells. A realistic range is $1.37M to $1.65M.
Independent value check: $1.80M. Without looking at the asking price, our model values the home itself about 20% above the ask (homes like it typically land between $1.69M and $1.89M).
Why $1.80M. The typical detached home sold in Jefferson over the past year went for about $1.52M (94 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $8,969 a year; the typical home sold here pays about $7,500.
- ▲ Raises it4+3 bedrooms and 6 baths, against 4+1 and 4 typically.
- ▲ Raises it slightlyIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,500 to 3,000.
Total price vs nearby homes. Likely closing about $1.47M, from 28 recent closings in this pocket.
The market behind the math:
About 1.1 months of inventory: 10 detached homes for sale in the area against 28 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $461/sqft against an area asking average of $591/sqft.
- basement apartment features. A finished 3 bed basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Jefferson: 32 of the 182 detached leases here lately were basement units, around $1,925 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
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 28 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.68M. 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 28 comparable homes that sold in Jefferson over the past two years, from 200 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $562/sqft; this home lists at $461/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Jefferson: $1.48M in September 2026, down 7% from a year ago, on 93 closings in 11 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 | $1.55M | 9 |
| November 2025 | $1.50M | 7 |
| December 2025 | $1.71M | 6 |
| February 2026 | $1.52M | 7 |
| March 2026 | $1.43M | 7 |
| April 2026 | $1.58M | 5 |
| May 2026 | $1.52M | 15 |
| June 2026 | $1.42M | 9 |
| July 2026 | $1.41M | 7 |
| August 2026 | $1.45M | 7 |
| September 2026 | $1.48M | 14 |
Neighbourhood & location
Jefferson, 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 $1,199,040 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,630
- Property tax
- $747
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,377
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,451
- Estimated closing costs
- $26,451
Plus your down payment of $299,760. 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
- $397,782
- Principal paid down
- $146,501
- Interest paid
- $251,281
- Balance remaining
- $1,052,539
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
The suite is real income here: basements rent in Jefferson (32 of 182 recent detached leases were basement units, around $1,925 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,925 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 41 whole-home leases in Jefferson signed at a median of $4,629 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,264. 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 GREEN REALTY INC.. MLS®/PropTx.