17 Petrolia Crt

FOR SALE
$4,488,000
17 Petrolia Crt, Richmond Hill
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5 + 2
BEDROOMS
7
BATHROOMS
1
KITCHENS
11 + 5
ROOMS
N11974252
MLSID
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Property Description
Experience refined living at 17 Petrolia Court, a sanctuary of modern luxury in Richmond Hills prestigious South Richvale community. Thoughtfully designed with over 7,300 sq. ft. of exceptional living space on an expansive lot, this home offers a three-car garage and a seamless blend of elegance, comfort, and everyday luxury. Step into the dramatic double-height entryway, where soaring 10-ft ceilings, upgraded hardwood floors, intricate coffered and waffle ceilings, and elegant wainscoting set the tone for sophistication. The formal living and dining rooms provide the perfect setting for upscale gatherings. The gourmet chefs kitchen is a culinary dream, complete with top-tier appliances, stunning granite countertops, butlers pantry, backsplash, and custom cabinetry. The sunlit breakfast area seamlessly flows into the extended deck and private backyard, offering the perfect indoor-outdoor living experience. The spacious family room exudes warmth with upgraded modern fireplace and custom-built wall unit, overlooking the serene back garden. A main-floor office provides a refined workspace, while the well-appointed mudroom features an upgraded closet with ample storage. The upper level hosts five generously sized bedrooms, each with its own walk-in closet and private ensuite. The primary suite is a true retreat, boasting spa-inspired ensuite with heated floors, walk-in dressing room, and cozy fireplace. The walk-up lower level is designed for entertainment and relaxation, featuring home theatre, glass-enclosed wine cellar, home gym, office and an additional bedroom with ensuite. The wonderful outdoor space offers a private sanctuary, ideal for both vibrant gatherings and peaceful evenings. Nestled in one of Richmond Hills most sought-after communities, this home is surrounded by tree-lined streets, top-tier schools, parks, golf courses, and convenient highway access.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-11 2024-09-25 106 $4,498,888 - Terminated
2024-06-11 2024-08-06 56 $4,498,888 - Suspended
2024-03-25 2024-06-10 77 $4,688,000 - Terminated
2024-02-02 2024-03-25 52 $5,499,000 - Terminated
Nearby Intersections
Property Features
Hospital, Park, Public Transit, School
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
47' x 176'
Lot Irregularities
Huge pie-shaped lot, 87 ft at the back.
Fronting
South
Taxes
$17,209 (2024)
Basement
Finished, Walk-Up
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
7
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain16.44' x 12.50'Gas Fireplace, Hardwood Floor, Coffered Ceiling
DiningMain13.16' x 18.73'Hardwood Floor, Hardwood Floor, Formal Rm
FamilyMain15.45' x 19.72'Gas Fireplace, B/I Shelves, Coffered Ceiling
KitchenMain13.16' x 14.80'Granite Counter, Centre Island, Stainless Steel Appl
BreakfastMain13.16' x 18.11'Open Concept, Hardwood Floor, W/O To Deck
LibraryMain11.52' x 13.19'Coffered Ceiling, O/Looks Backyard, French Doors
Prim Bdrm2nd15.78' x 20.41'7 Pc Ensuite, W/I Closet, Fireplace
2nd Br2nd12.20' x 14.80'4 Pc Ensuite, W/I Closet, Hardwood Floor
3rd Br2nd16.44' x 19.75'4 Pc Ensuite, W/I Closet, B/I Bookcase
4th Br2nd13.19' x 14.80'Semi Ensuite, W/I Closet, Large Window
5th Br2nd12.50' x 13.85'Semi Ensuite, W/I Closet, Large Window
RecBsmt17.45' x 27.26'Wet Bar, Open Concept, Walk-Up
Richmond Hill Market Statistics
Richmond Hill Price Trend
17 Petrolia Crt is a 5-bedroom 7-bathroom home listed for sale at $4,488,000, which is $2,545,200 (131.0%) higher than the average sold price of $1,942,800 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill declined by $492,200 (20.2%) compared to the previous 30 day period (December 22 - January 20) and down $60,200 (3.0%) from the same time one year ago.
Inventory Change
There were 26 5-bedroom homes listed in Richmond Hill over the last 30 days (January 21 - February 19), which is up 23.8% compared with the previous 30 day period (December 22 - January 20) and up 100.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold ($58,660) (3.0%) below asking price over the last 30 days (January 21 - February 19), which represents a $42,835 increase compared to the previous 30 day period (December 22 - January 20) and $178,550 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Richmond Hill over the last 30 days (January 21 - February 19) stood at 38.5%, up from 9.5% over the previous 30 days (December 22 - January 20) and up from 15.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 7-bathroom home in Richmond Hill stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 101 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realtron Lucky Penny Homes Realty
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