61 Lawnwood Court, Richmond Hill, ON
Mill Pond, Richmond Hill · MLS® N14089330
About this home
In short
- Pie-Shaped Lot Located On Low-Traffic Cul-De-Sac!! ~95ft Wide At Rear.
- Walkout Basement Apartment.
- 2,369Sqft Living Space (1,332Sqft+1,037Sqft).
- 3+2 Bedrooms & 3 Bathrooms & 2 Kitchens.
- Open Concept Kitchen With Centre Island, Walkout To Elevated Backyard Deck From Dining Room Addition, Primary Bedroom With 3pc Ensuite, Finished Walkout Basement...
Rare-Find!! Pie-Shaped Lot Located On Low-Traffic Cul-De-Sac!! ~95ft Wide At Rear!! 6,382Sqft Lot!! Walkout Basement Apartment!! Top Rated Schools!! 2,369Sqft Living Space (1,332Sqft+1,037Sqft)! 3+2 Bedrooms & 3 Bathrooms & 2 Kitchens! Open Concept Kitchen With Centre Island, Walkout To Elevated Backyard Deck From Dining Room Addition, Primary Bedroom With 3pc Ensuite, Finished Walkout Basement Apartment, Bsmt Bathroom with Heated Floor, 2 Separate Washers & Dryers, Widened Driveway + Garage, Permitted Additions, No Sidewalk, Low-Traffic Court, Mins To Top Rated Schools-Lauremont School(Formerly TMS), 10 Mins To Holy Trinity Private School, Beverley Acres & Michaelle Jean French Emersion, St Marguerite D'Youville, St. Charles Garnier, St. Theresa Of Lisieux, Alexander Mackenzie High School IB, Steps To St Mary Immaculate, Minutes To Mackenzie Health Hospital, Richmond Hill GO-Station, Steps From Yonge St
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- N14089330
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 3
- Size
- 1100-1500 sq ft
- Lot
- 38.89 × 124.5 ft
- Cross streets
- Yonge St/Major MacKenzie Dr W/Elgin Mills Rd W/Bathurst St
- Parking
- 1 garage · 4 parking (built-in)
- Driveway
- Private
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance, Finished, Full, Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,016 / 2025
- Days on market
- 3
- Listing brokerage
- KAMALI GROUP REALTY
Rooms
w/o to yard · open concept · fireplace
modern kitchen · centre island · pot lights
combined w/dining · open concept · large window
combined w/living · w/o to deck · large window
3 pc ensuite · double closet · large window
closet · above grade window
closet · led lighting · large window
closet · above grade window
combined w/kitchen · open concept
closet · led lighting · large window
family size kitchen · open concept
Listed at $1,488,000. Going by how homes in Mill Pond and the wider GTA have actually closed against their asking prices (about 98%, 20 local closings in 90 days), the likely sale price is near $1.46M, if it sells. A realistic range is $1.37M to $1.65M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The listing describes about 6,382 sq ft, while the size on record is 1100 to 1500 sq ft.
Total price vs nearby homes. Likely closing about $1.46M, from 20 recent closings in this pocket.
The market behind the math:
About 6.6 months of inventory: 44 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,145/sqft against an area asking average of $755/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Mill Pond: 39 of the 146 detached leases here lately were basement units, around $1,800 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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.23M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Mill Pond, so I widened the search to the surrounding area.
Based on 20 comparable homes that sold in Mill Pond over the past two years, from 156 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing 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 $1.14M, which is where my estimate comes from.
Per square foot, these ask about $963/sqft; this home lists at $1,145/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Richmond Hill: $1.44M in September 2026, down 4% from a year ago, on 948 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 | $1.58M | 86 |
| November 2025 | $1.47M | 77 |
| December 2025 | $1.68M | 48 |
| January 2026 | $1.48M | 52 |
| February 2026 | $1.52M | 57 |
| March 2026 | $1.49M | 70 |
| April 2026 | $1.50M | 73 |
| May 2026 | $1.46M | 114 |
| June 2026 | $1.50M | 119 |
| July 2026 | $1.50M | 92 |
| August 2026 | $1.48M | 80 |
| September 2026 | $1.44M | 80 |
Neighbourhood & location
Mill Pond, Richmond Hill, ON
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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 $1,190,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,582
- Property tax
- $585
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,167
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,235
- Estimated closing costs
- $26,235
Plus your down payment of $297,600. 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
- $394,916
- Principal paid down
- $145,445
- Interest paid
- $249,471
- Balance remaining
- $1,044,955
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 Mill Pond (39 of 146 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 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 23 whole-home leases in Mill Pond signed at a median of $4,390 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,500. 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 KAMALI GROUP REALTY. MLS®/PropTx.