8 Ridgestone Drive, Richmond Hill, ON

Westbrook, Richmond Hill · MLS® N14092028

$1,699,000
For Sale
Just listed todayNo offer date stated
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4Bedrooms
4Bathrooms
2Garage · 7 parking
3000-3500Sq ft

About this home

In short

  • You Will Love This Property With Rare 20' High Ceiling Grand Foyer With Chandelier & Full Height Widows.
  • Hardwood Floor & Pot Lights In Main & 2nd Floor.
  • Interlock Driveway W/No Side Walk, Can Park 5 Cars In Drive Way.

You Will Love This Property With Rare 20' High Ceiling Grand Foyer With Chandelier & Full Height Widows! Located In Highly Demanded Top Schools Area. Granite Floor From Entrance To Kitchen. Hardwood Floor & Pot Lights In Main & 2nd Floor. Upgrade Arch Design, Molding & Coffered Ceiling In Living, Dining & Family. Granite Floor & Granite Counter Top Central Island In Kitchen. Interlock Driveway W/No Side Walk, Can Park 5 Cars In Drive Way. Wood Fenced Back Yard. Close To Yonge St. Top Schools: Trillium Woof P.S, Richmond Hill S.S And Langstaff S.S

Key facts

Property type
Detached, 2-Storey
MLS®
N14092028
Bedrooms
4
Bathrooms
4 (1 half)
Size
3000-3500 sq ft
Lot
39.37 × 117.18 ft
Cross streets
Yonge/Brookside
Parking
2 garage · 7 parking (attached)
Driveway
Private, Covered
Basement
Full
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Brick, Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$9,144 / 2026
Listing brokerage
AIMHOME REALTY INC.

Rooms

Dining RoomGround3.96 × 2.92 m

hardwood floor · crown moulding · pot lights

Bedroom 2Second4.15 × 3.65 m

hardwood floor · 4 pc ensuite · walk-in closet(s)

Family RoomGround5.67 × 3.65 m

hardwood floor · crown moulding · gas fireplace

BreakfastGround4.75 × 2.93 m

hardwood floor · crown moulding · pot lights

Primary BedroomSecond10.97 × 5.85 m

hardwood floor · 5 pc ensuite · his and hers closets

Living RoomGround4.26 × 3.96 m

hardwood floor · crown moulding · pot lights

Bedroom 3Second4.91 × 3.65 m

hardwood floor · semi ensuite · walk-in closet(s)

FoyerGround6.70 × 3.86 m

granite floor · cathedral ceiling(s)

Bedroom 4Second3.96 × 3.65 m

hardwood floor · semi ensuite · walk-in closet(s)

DenGround2.74 × 1.77 m

hardwood floor · crown moulding · pot lights

KitchenGround4.05 × 2.98 m

granite floor · granite counters · centre island

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.65Mlikely sale price

Listed at $1,699,000. Going by how homes in Westbrook and the wider GTA have actually closed against their asking prices (about 97%, 15 local closings in 90 days), the likely sale price is near $1.65M, if it sells. A realistic range is $1.54M to $1.86M.

Independent value check: $1.72M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $1.61M and $1.80M).

Why $1.72M. The typical detached home sold in Westbrook over the past year went for about $1.50M (68 sales). What sets this one apart:

  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $9,144 a year; the typical home sold here pays about $7,500.
  • ▲ Raises it slightlyIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,500 to 3,000.
List price
$1.54MBelow recent closings$1.86MAbove recent closings

Total price vs nearby homes. Likely closing about $1.65M, from 15 recent closings in this pocket.

The market behind the math:

15sold nearby · 90 days
$1.50Mmedian sold price
97%of asking, on average
−3%prices vs a year ago
~19 dayshomes like this take to sell
$5,222/moest. rent · 65 leases
3.7%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2.4 months of inventory: 12 detached homes for sale in the area against 15 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $523/sqft against an area asking average of $583/sqft.

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 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.66M. Condition and finishes remain an in-person call.

What the listing highlights2 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
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle

Based on 15 comparable homes that sold in Westbrook over the past two years, from 140 closings there.

Sold 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.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$1.58M86
November 2025$1.47M77
December 2025$1.68M48
January 2026$1.48M52
February 2026$1.52M57
March 2026$1.49M70
April 2026$1.50M73
May 2026$1.46M114
June 2026$1.50M119
July 2026$1.50M92
August 2026$1.48M80
September 2026$1.44M80

Neighbourhood & location

Westbrook, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Jefferson
$1.41M
Mill Pond
$1.56M
Crosby
$2.05M
Rouge Woods
$1.77M
Rural Richmond Hill
$1.66M

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

Affordability
$7,743/mo
$323KIncome needed
5.3×Price ÷ income
$1,787Weekly cost
$30,455Land 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.

91%mortgage
Mortgage $7,743Property tax $762Total carry $8,505

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$7,515per month

Mortgage amount $1,359,200 · 4.49% over 25 years

$339,800Down payment (20.0%)
$1,359,200Loan before insurance
$0CMHC premium
$8,277Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7,515
Property tax
$762
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8,277

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

One-time closing costs

Ontario land transfer tax
$30,455
Estimated closing costs
$30,455

Plus your down payment of $339,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$9,096/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

$895,375Total interest paid
$2,254,575Total of all payments
Principal $1,359,200 Interest $895,375
YearPrincipalInterestBalance
1$30,332$59,851$1,328,868
2$31,709$58,474$1,297,160
3$33,148$57,035$1,264,011
4$34,654$55,529$1,229,358
5$36,227$53,956$1,193,131
6$37,872$52,311$1,155,259
7$39,591$50,592$1,115,668
8$41,389$48,794$1,074,279
9$43,268$46,915$1,031,011
10$45,233$44,950$985,778
11$47,286$42,897$938,492
12$49,433$40,750$889,058
13$51,678$38,505$837,380
14$54,024$36,159$783,356
15$56,477$33,706$726,879
16$59,041$31,142$667,838
17$61,722$28,461$606,115
18$64,525$25,658$541,591
19$67,454$22,729$474,136
20$70,517$19,666$403,619
21$73,719$16,464$329,901
22$77,066$13,117$252,835
23$80,565$9,618$172,270
24$84,223$5,960$88,047
25$88,047$2,136$0

At the end of your 5-year term

Total paid over the term
$450,915
Principal paid down
$166,069
Interest paid
$284,846
Balance remaining
$1,193,131

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
From 65 whole-home leases in Westbrook$5,222/mo
$62,664Gross annual rent
2.7%Cap rate after taxes and upkeep
$4,941 to $5,562Typical rent range
~23 daysTo find a tenant, on average

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

Talk about the numbers

The last 65 whole-home leases in Westbrook signed at a median of $4,737 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,222. 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.

3.7%
Gross yield
− Property tax $9,144− Insurance $1,400− Vacancy & upkeep $6,893Net operating income $45,227

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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