40 Ridge Gate Crescent, East Gwillimbury, ON
Mt Albert, East Gwillimbury · MLS® N14092418
About this home
In short
- Privacy, Space & Versatility.
- Featuring 4+2 bedrooms, 3+1 bathrooms, 9-ft smooth ceilings, hardwood floors, elegant coffered ceilings, pot lights and convenient second-floor laundry.
- The fully finished basement offers incredible flexibility with 2 bedrooms, a full bathroom with heated floors, kitchen, separate entrance, above-grade window and its...
- Conveniently located near schools, parks, amenities and Hwy 404.
Privacy, Space & Versatility! Welcome to this beautifully maintained detached home in desirable Mount Albert, offering over 3,500 sq. ft. of total finished living space on a premium 135-ft-deep lot backing onto peaceful farmland and open green space. Enjoy exceptional privacy and beautiful sunrise and sunset views! Featuring 4+2 bedrooms, 3+1 bathrooms, 9-ft smooth ceilings, hardwood floors, elegant coffered ceilings, pot lights and convenient second-floor laundry. The modern kitchen boasts built-in appliances, a breakfast bar, pot filler and Butler's Pantry/Server's Kitchen. The spacious primary bedroom features patio doors with potential for a future private deck overlooking the fields. The fully finished basement offers incredible flexibility with 2 bedrooms, a full bathroom with heated floors, kitchen, separate entrance, above-grade window and its own laundry facilities-ideal for extended family or potential rental use, subject to applicable approvals. Additional features include central vacuum, owned HEPA filtration and tankless hot water. Conveniently located near schools, parks, amenities and Hwy 404. A rare opportunity to enjoy spacious living, exceptional privacy and endless possibilities. Book your private showing today!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14092418
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 34.45 × 143.01 ft
- Cross streets
- Mount Albert Rd
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Apartment, Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,452 / 2026
- Listing brokerage
- HOMELIFE GOLCONDA REALTY INC.
Rooms
broadloom · 5 pc ensuite · walk-in closet(s)
broadloom · double closet · large window
hardwood floor · large window · open concept
centre island · pantry · stainless steel appl
laminate · stainless steel appl · centre island
hardwood floor · large window · pot lights
hardwood floor · coffered ceiling(s) · w/o to deck
laminate · double closet · large window
broadloom · large closet · large window
ceramic floor · heated floor · 4 pc bath
broadloom · large closet · large window
hardwood floor · large window · combined w/family
laminate · large closet · large window
Listed at $1,128,000. Going by how homes in Mt Albert and the wider GTA have actually closed against their asking prices (about 98%, 11 local closings in 90 days), the likely sale price is near $1.10M, if it sells. A realistic range is $1.03M to $1.24M.
Independent value check: $1.06M. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $993K and $1.11M).
Why $1.06M. The typical detached home sold in Mt Albert over the past year went for about $958K (64 sales). What sets this one apart:
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $5,452 a year; the typical home sold here pays about $4,600.
Total price vs nearby homes. Likely closing about $1.10M, from 11 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 5 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $410/sqft against an area asking average of $391/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. In Mt Albert basements rarely rent out (2 of 18 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of East Gwillimbury.
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 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.01M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($410/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 Mt Albert, so I widened the search to the surrounding area.
Based on 11 comparable homes that sold in Mt Albert over the past two years, from 98 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $401/sqft; this home lists at $410/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in East Gwillimbury: $1.15M in September 2026, down 10% from a year ago, on 306 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. East Gwillimbury 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 | $1.27M | 25 |
| November 2025 | $1.25M | 34 |
| December 2025 | $1.25M | 20 |
| January 2026 | $1.03M | 15 |
| February 2026 | $1.24M | 26 |
| March 2026 | $1.14M | 25 |
| April 2026 | $1.10M | 29 |
| May 2026 | $1.10M | 25 |
| June 2026 | $1.18M | 26 |
| July 2026 | $1.16M | 31 |
| August 2026 | $1.05M | 25 |
| September 2026 | $1.15M | 25 |
Neighbourhood & location
Mt Albert, East Gwillimbury, 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). East Gwillimbury.
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 20, 2026); conventional rates run a little higher.
Mortgage amount $902,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,990
- Property tax
- $454
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,444
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,035
- Estimated closing costs
- $19,035
Plus your down payment of $225,600. 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
- $299,371
- Principal paid down
- $110,257
- Interest paid
- $189,115
- Balance remaining
- $792,143
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
About the suite: in Mt Albert basements rarely rent out (2 of 18 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 6 whole-home leases in Mt Albert signed at a median of $3,825 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,681. 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 HOMELIFE GOLCONDA REALTY INC.. MLS®/PropTx.