440 Fernleigh Circ S
Crosby, Richmond Hill, L4C 1E6
FOR SALE
$1,298,000
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3 + 2
BEDROOMS2
BATHROOMS1 + 1
KITCHENS6 + 5
ROOMSN11992572
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Property Description
Exceptional Investment & Family Home In Prime Richmond Hill! Nestled In The Top-Ranked Bayview Secondary School Zone (Fraser: 9/746)! This Stunning Detached Bungalow Offers A Rare Combination Of Comfort, Functionality, And Positive Cash Flow! Featuring Two Separate Units, Each With Its Own Fully Equipped Kitchen, This Home Generates An Impressive $5,000 In Monthly Rental Income ($3,000 Upper + $2,000 Basement) Making It A Turnkey Investment With Positive Cash Flow From Day One! The Tenant Is Flexible To Stay Or Move, Giving Buyers Ultimate Flexibility.The Main Floor Boasts A Bright, Open-Concept Layout With A Formal Living Area Featuring A Fireplace, A Sophisticated Dining Room With An Elegant Chandelier, And A Gourmet Kitchen With Sleek Stone Countertops. Perfect For Entertaining! Large Windows Fill The Space With Natural Light, Creating A Warm And Inviting Atmosphere.The Separate Entrance Basement Is A Spacious Retreat, Complete With A Large Living Room Featuring A Cozy Fireplace, Two Generous Bedrooms, A Full Kitchen, And A Private Bathroom, A Fantastic Rental Opportunity Or An Ideal Space For Extended Family! Recent Upgrades Include: New Roof (2023), Basement Washer/Dryer (2024), And An Upgraded Tankless Water Heater For Efficiency And Comfort. The Private Backyard Provides A Tranquil Space For Relaxation Or Hosting Gatherings.Located In One Of Richmond Hills Most Desirable Areas, This Home Is Just Minutes From Top Schools, Beautiful Parks, Hillcrest Mall & SmartCentres, And Major Highways (404 & 407) Offering Unmatched Convenience And Lifestyle!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-26 | 2024-03-03 | 37 | $2,000 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 110'
Fronting
South
Taxes
$5,698 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Richmond Hill Market Statistics
Richmond Hill Price Trend
440 Fernleigh Circ S is a 3-bedroom 2-bathroom home listed for sale at $1,298,000, which is $14,531 (1.1%) lower than the average sold price of $1,312,531 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Richmond Hill declined by $1,128 (0.1%) compared to the previous 30 day period (December 22 - January 20) and down $5,969 (0.5%) from the same time one year ago.Inventory Change
There were 57 3-bedroom homes listed in Richmond Hill over the last 30 days (January 21 - February 19), which is up 54.1% compared with the previous 30 day period (December 22 - January 20) and up 32.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Richmond Hill typically sold ($19,892) (1.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $53,817 decrease compared to the previous 30 day period (December 22 - January 20) and $49,236 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 3-bedroom homes in Richmond Hill over the last 30 days (January 21 - February 19) stood at 28.1%, down from 40.5% over the previous 30 days (December 22 - January 20) and down from 58.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Richmond Hill stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Smart Sold Realty
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