A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 121 May Ave, Richmond Hill Ontario L4C 3S7
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5 days on Market

121 May Ave, Richmond Hill, Ontario L4C 3S7

Detached
3 + 2
1
~700-1100 sqft
$2,099,900
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Detached
3 + 2
1
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$2,454/sqft

Est. Mortgage$9,018/mo

Tax Amount (2024)$6,175/yr

Days On Market5 days


Description

An exclusive investment opportunity in the prestigious North Richvale community! This property sits on a premium 67 ft wide lot, offering unparalleled potential for builders, developers, and investors. While the previously approved permit for a 4,000 sq. ft. home with a 4-car garage has expired, it serves as an invaluable reference for future development, buyers will need to reapply. The existing detached bungalow is move-in ready, boasting a spacious open layout, hardwood floors, crown molding, and a cozy wood-burning fireplace. A finished 2-bedroom basement apartment with a separate entrance provides excellent rental income potential. Ideally situated near top-tier amenities, including public transit, lush parks, premier shopping centres, and fine dining, this prime real estate is surrounded by multi-million-dollar estates, making it a rare and lucrative investment in a high-demand neighbourhood . Nearby Top-Rated Schools: Charles Howitt Public School (1.5 km), St. Anne Catholic Elementary School (1.3 km), Ross Doan Public School (2.0 km), Richmond Hill High School (3.5 km), Alexander Mackenzie High School (2.8 km), Langstaff Secondary School (4.2 km), St. Theresa of Lisieux Catholic High School (4.5) km), St. Marguerite d'Youville Catholic Elementary School (3.8 km).


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size7,593 SqFt(113.33 x 67)
Parking Spaces10
MLS ®NumberN12040660
Community NameRichvale
Data SourceTRREB
Listing byHOMELIFE/MIRACLE REALTY LTD

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Apartment, Sep Entrance

Ground Floor

Living

3.84 x 3.81

hardwood floor / Crown Moulding / Fireplace

Kitchen

3.45 x 3.12

Granite Counter / Ceramic Floor / O/Looks Living

Br

3.19 x 3.17

hardwood floor / B/I Closet / Crown Moulding

2nd Br

3.19 x 2.73

hardwood floor / French Doors / Crown Moulding


Features

Lot size: 7,593 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 8

Total parking spaces 10


Property History

Mar 25, 2025
ListedActive
$2,099,900
5 days on market
history photo preview17
Listing by trreb®
Property listed by HOMELIFE/MIRACLE REALTY LTD, Brokerage

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Market Data - Richvale

Geo Zone Map ThumbnailRichvale

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

53 days

Compared to

2024

35 days

2023

41 days

2022

13 days

New Listings

Past 30 days

32 listings

Compared to

2024

26 listings

2023

22 listings

2022

38 listings

Units sold

Past 30 days

7 units

Compared to

2024

10 units

2023

12 units

2022

16 units

Median Sold Price

Past 30 days

$1,450,000

Compared to

2024

$1,882,500

2023

$2,099,000

2022

$2,290,000


Population and Demographics

Overview

Total population 24003
Average household income $138,854

Age (%)

65 and plus
23%
50 to 64
23%
35 to 49
19%
0 to 19
18%
20 to 34
17%

Household composition (%)

Single family
71%
Single person
25%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
42%
Iranian Persian
16%
Russian
9%
Mandarin
8%
Italian
6%
Yue (Cantonese)
5%
Korean
3%
Persian (Farsi)
2%
Others
2%

House tenancy (%)

Owners
79%
Renters
21%

Schools and amenities

Estimated Budget