408 Elgin Mills Rd W
Westbrook, Richmond Hill, L4C 4M2
FOR SALE
$2,380,000
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4 + 1
BEDROOMS5
BATHROOMS1 + 1
KITCHENS10 + 1
ROOMSN8301828
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Property Description
Welcome To This Exceptional Property! This Home Offers Unparalleled Investment Potential And A Wealth Of Features To Enhance Your Comfort And Convenience. To Begin With, The Property Features A Separate Entrance, Providing An Excellent Opportunity For A Two-Unit Basement. With 15 Parking Spaces, Expandable Up To 20, There's Ample Parking For You And Your Guests. This Makes The Property Ideal For Professionals Such As Doctors, Lawyers, Accountants, And Daycare Operators, Who Can Easily Accommodate Visitors And Clients. Furthermore, The Property Boasts An Above-Ground Pool, Allowing You To Enjoy Refreshing Dips On Hot Summer Days. The Heating System Ensures Warmth During Winter, While The Saltwater Heating System Guarantees Clean And Comfortable Water. Additionally, The Home Has Undergone Several Upgrades, Including Gorgeous Hardwood Floors Throughout The Main Level, A Gazebo (2023), Windows (2018), Roof (2021), AC (2018), Gas Range (2022), And Fridge (2022). All Of These Features Make This Property The Perfect Choice For Investment Or Residence.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-23 | 2023-12-23 | 61 | $2,250 | - | Expired |
Nearby Intersections
Yonge & Elgin Mills (55)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
76' x 131'
Fronting
North
Taxes
$8,139 (2023)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Abv Grnd
Parking Spaces
12
Driveway
Private
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.99' x 21.98' | Hardwood Floor, French Doors |
| Dining | Main | 12.99' x 16.01' | Hardwood Floor, French Doors |
| Kitchen | Main | 11.75' x 12.99' | Pantry, Ceramic Floor |
| Breakfast | Main | 12.01' x 12.99' | Greenhouse Kitchen, W/O To Yard |
| Family | Main | 12.60' x 19.00' | Hardwood Floor, Fireplace, W/O To Yard |
| Library | Main | 10.01' x 14.01' | Hardwood Floor |
| Prim Bdrm | 2nd | 13.29' x 25.98' | 5 Pc Ensuite, W/I Closet, Broadloom |
| 2nd Br | 2nd | 13.62' x 14.99' | Double Closet, Broadloom |
| 3rd Br | 2nd | 12.01' x 14.99' | Double Closet, Broadloom |
| 4th Br | 2nd | 14.01' x 14.99' | 4 Pc Ensuite, W/I Closet, Broadloom |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
408 Elgin Mills Rd W is a 4-bedroom 5-bathroom home listed for sale at $2,380,000, which is $468,705 (24.5%) higher than the average sold price of $1,911,295 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Richmond Hill declined by $41,168 (2.1%) compared to the previous 30 day period (March 15 - April 13) and down $34,948 (1.8%) from the same time one year ago.Inventory Change
There were 205 4-bedroom homes listed in Richmond Hill over the last 30 days (April 14 - May 13), which is up 70.8% compared with the previous 30 day period (March 15 - April 13) and up 55.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Richmond Hill typically sold $8,247 (0.4%) above asking price over the last 30 days (April 14 - May 13), which represents a $95,057 decrease compared to the previous 30 day period (March 15 - April 13) and $118,245 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 4-bedroom homes in Richmond Hill over the last 30 days (April 14 - May 13) stood at 29.8%, down from 60.8% over the previous 30 days (March 15 - April 13) and down from 68.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Richmond Hill stood at 22 days when successfully sold over the last 30 days (April 14 - May 13), compared to 36 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 The One Realty
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