Mill Pond · Richmond Hill
20 Elizabeth Street, Richmond Hill, ON
Property Detail
A two-storey detached home with a covered front porch in Mill Pond, Richmond Hill. An open main floor with a gas fireplace, a renovated kitchen with a gas range, a family room at the back with its own bath and a door to the deck, two bedrooms upstairs, and a lower level with its own kitchen, bath and separate entrance.
- 2+1 Bedroom
- 3 Bath
- 1100-1500 Sq Ft
- 5 Parking
Your Agent
The Property
- Basement Apartment · Potential Income
- 54.55 × 145.53 Ft Lot
- Detached
- Central Air
- Forced Air
- No Maintenance Fee
The photographs
The Main Floor
A Gas Fireplace in a Wood Mantel
The living room, with the staircase and front door beside it and leaded glass above the mantel.
The Main Floor
Living, Dining and Kitchen in One Room
The seller reports that walls were taken out to open the main floor, so the dining area runs straight into the kitchen: white cabinets, a gas range under a hood fan, a dishwasher and a marble-look backsplash, all under pot lights.
The Main Floor
A Family Room at the Back, with Its Own Bath
Behind the kitchen, a bright room with an exposed brick wall, windows on two sides, a built-in closet and a three-piece bath, with a door out to the deck.
Outside
A Deck Off the Family Room
The deck runs along the back of the house, under the trees.
Upstairs
Two Bedrooms and a Renovated Bath
Both bedrooms have rows of windows into the trees and pot lights, off a four-piece bath tucked under the slope of the roof.
The Lower Level
A Separate Living Area, with Its Own Way In
The seller converted the lower level into a separate living area with a walk-out and its own entrance: a living and dining room, a kitchen, a bedroom and a three-piece bath.
Outside
A Deep Lot Under Mature Trees
A long, fenced yard runs back from the deck to a stand of tall evergreens.
The Numbers
What It Costs to Hold
Freehold, so there is no maintenance fee. Property tax is the only fixed monthly carrying cost before a mortgage.
Down payment is the CMHC minimum for an owner-occupied purchase at this price. Figures exclude mortgage costs, land transfer tax and closing costs, and are illustrative rather than financial advice.
The Neighbourhood
Life Around Mill Pond
Schools & Catchment
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Moe’s Take
The setting is what you are buying here: a brick driveway, a covered porch, and a deep yard under big trees, close to Yonge Street and Mill Pond Park. Inside, the seller reports a long list of updates, among them the kitchen, the bathrooms, the electrical panel and three ductless split systems, and the lower level has its own kitchen and its own way in.
Team Asgarian · RE/MAX Hallmark Realty Ltd.
From Moe
Team Asgarian · Listing brokerListed by Team Asgarian. The best way to judge it is in person: book a private showing and we will walk you through it.
Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
Highlights
- Renovated / rebuilt
The Detail
Price History and the 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.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.44% via Ratehub.ca (as of November 10, 2026); conventional rates run a little higher.
Mortgage amount $718,400 · 4.59% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,012
- Property tax
- $463
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,475
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,435
- Estimated closing costs
- $14,435
Plus your down payment of $179,600. 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
- $240,730
- Principal paid down
- $86,735
- Interest paid
- $153,996
- Balance remaining
- $631,665
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.
Thinking of this home as an investment? Ask us for the real rent comparables
Come See It
Book a private viewing
Tell us when suits you and we will open the house. If you want the numbers run against your own down payment first, we will do that instead.