$2,109,000
For sale: Detached

Welcome to 42 Oak Ave, ideally situated in the prestigious South Richvale community of Richmond Hill. This beautiful bungalow, built in 1999, sits on an impressive 45 241.5 ft lot, offering exceptional depth, privacy and endless possibilities. The home features skylights and a functional, spacious layout with excellent potential for those looking to renovate, modernize and create a truly customized residence in one of Richmond Hill's most sought-after neighbourhoods. Whether you envision a sophisticated contemporary update or a complete transformation, this property provides a fantastic foundation to bring your vision to life. The clean, unfinished basement offers a blank canvas ready to be completed to suit your needs-perfect for additional living space, a recreation room, home gym, office, theatre or guest accommodations. Additional highlights include an attractive interlock driveway, a new fence installed in August 2026, and a lift providing access from the garage into the home. A rare opportunity to own a bungalow on an exceptionally deep lot in prestigious South Richvale. Enjoy the existing home as-is, renovate to your taste, or explore the future potential this property and location have to offer. Close to excellent schools, 407 ETR, parks, shopping, restaurants, transit and major highways.
Sold data
Homes in South Richvale took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 55, across 78 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 72 days.
The median sale price was $1,486,888.
Homes sold for about 4.6% below asking on average, so there was room to negotiate.
About 17% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 78 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (South Richvale) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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