74 Richmond Street, Richmond Hill, ON
Mill Pond, Richmond Hill · MLS® N14096622
About this home
In short
- This freehold property offers an incredible opportunity to create your dream home in a desirable neighborhood.
- Nestled on a spacious lot (50.03 Ft X 152 .74 Ft) with great potential.
- Close to all amenities as well as parks, private schools and more.
- Property sold AS IS, Where Is.
This freehold property offers an incredible opportunity to create your dream home in a desirable neighborhood. Nestled on a spacious lot (50.03 Ft X 152 .74 Ft) with great potential. Close to Major Mackenzie Hospital, Mill Pond as well as Yonge St in the opposite direction. Close to all amenities as well as parks, private schools and more. Property sold AS IS, Where Is. No inside showings.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N14096622
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 50.03 × 152.73 ft
- Cross streets
- Yonge St /Major Mackenzie Dr
- Parking
- 1 garage · 3 parking (carport)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,263 / 2026
- Listing brokerage
- HOMELIFE CLASSIC REALTY INC.
Rooms
Listed at $999,999. Going by how homes in Mill Pond and the wider GTA have actually closed against their asking prices (about 98%, 19 local closings in 90 days), the likely sale price is near $980K, if it sells. A realistic range is $918K to $1.10M.
Independent value check: $930K. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $871K and $974K).
Why $930K. The typical detached home sold in Mill Pond over the past year went for about $1.53M (73 sales). What sets this one apart:
- ▼ Lowers it stronglyIt is 700 to 1,100 sq ft; the typical home sold here is 2,500 to 3,000.
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $6,263 a year; the typical home sold here pays about $7,900.
- ▼ Lowers it3+1 bedrooms and 2 baths, against 4+1 and 4 typically.
- ▼ Lowers it1 garage and 3 total parking spaces, against 2 and 6 typically.
Total price vs nearby homes. Likely closing about $980K, from 19 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 9 detached homes for sale in the area against 19 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,111/sqft against an area asking average of $948/sqft.
- Separate-entrance basement apartment features. A finished 1 bed 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 145 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 19 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.03M. 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 19 comparable homes that sold in Mill Pond over the past two years, from 154 closings there.
Nothing 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 $930K, which is where my estimate comes from.
Per square foot, these ask about $901/sqft; this home lists at $1,111/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 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
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 20, 2026); conventional rates run a little higher.
Mortgage amount $799,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $522
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,945
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,475
- Estimated closing costs
- $16,475
Plus your down payment of $200,000. 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
- $265,400
- Principal paid down
- $97,745
- Interest paid
- $167,655
- Balance remaining
- $702,254
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 145 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 19 whole-home leases in Mill Pond signed at a median of $3,870 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,614. 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 CLASSIC REALTY INC.. MLS®/PropTx.