$2,189,000
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 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 personal needs-perfect for additional living space, a recreation room, home gym, office, theatre, or guest accommodations.Additional highlights include an attractive interlock driveway and convenient accessibility with 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 incredible future potential this property and location have to offer. Close to excellent schools, 407 ETR, parks, shopping, restaurants, transit and major highways.
Sold data
Detached homes in Richmond Hill (South Richvale) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 50, across 280 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.
The median sale price was $1,499,000.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 15% of sellers reduced their price before finding a buyer.
Based on 280 recorded sales in the last 90 days. 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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