10-78 Gathering Lane, Richmond Hill, ON
Rural Richmond Hill, Richmond Hill · MLS® N14089762
About this home
In short
- Brand new, move-in ready and backing onto a ravine.
- Discover this beautifully appointed 2-storey traditional townhome by Sunny Communities in Richmond Hill's sought-after Elgin Mills and Bayview neighbourhood.
- An inviting kitchen and breakfast area lead into a generous great room with a coffered ceiling, while the backyard will feature a deck overlooking the ravine-a lovely...
- Upstairs, the primary bedroom offers a walk-in closet and ensuite with a freestanding tub and separate glass shower.
- Enjoy an attached garage and an unfinished basement with room to grow.
Brand new, move-in ready and backing onto a ravine! Discover this beautifully appointed 2-storey traditional townhome by Sunny Communities in Richmond Hill's sought-after Elgin Mills and Bayview neighbourhood. Offering over 2,000 sq. ft., 3 bedrooms and 3 bathrooms, this home combines a spacious family-friendly layout with thoughtful finishes throughout. An inviting kitchen and breakfast area lead into a generous great room with a coffered ceiling, while the backyard will feature a deck overlooking the ravine-a lovely setting for morning coffee or relaxing evenings outdoors. Upstairs, the primary bedroom offers a walk-in closet and ensuite with a freestanding tub and separate glass shower. Two additional bedrooms, a shared bathroom and convenient second-floor laundry complete the upper level. Enjoy an attached garage and an unfinished basement with room to grow. Included builder incentives feature a stained oak staircase with metal pickets, pot lights, air conditioning, an Ecobee smart thermostat, 200-amp electrical service and an EV charger rough-in. A prime location with the comfort of a brand-new home, ready when you are. Purchase directly from the builder with just a 5% deposit and proceed straight to closing!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N14089762
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 21 × 120 ft
- Cross streets
- Elgin Mills Rd E & John Mccrae St
- Parking
- 1 garage · 2 parking (attached)
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Days on market
- 3
- Listing brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market.
Per square foot, these ask about $637/sqft; this home lists at $573/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 townhouses in Rural Richmond Hill: $1.02M in September 2026, down 9% from a year ago, on 60 closings in 8 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 |
|---|---|---|
| November 2025 | $1.11M | 8 |
| December 2025 | $1.23M | 5 |
| January 2026 | $1.16M | 7 |
| March 2026 | $1.10M | 5 |
| April 2026 | $1.05M | 5 |
| May 2026 | $1.17M | 9 |
| August 2026 | $1.02M | 16 |
| September 2026 | $1.02M | 5 |
Neighbourhood & location
Rural Richmond Hill, 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 $1,031,992 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,706
- Estimated property tax
- $806
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,512
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,275
- Estimated closing costs
- $22,275
Plus your down payment of $257,998. 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
- $342,364
- Principal paid down
- $126,090
- Interest paid
- $216,273
- Balance remaining
- $905,902
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 53 whole-home leases in Westbrook signed at a median of $3,447 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,766. 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 KELLER WILLIAMS ADVANTAGE REALTY. MLS®/PropTx.