499 Sixteenth Ave

FOR SALE
$4,480,000
499 Sixteenth Ave, Richmond Hill
499 Sixteenth Ave
499 Sixteenth Ave
499 Sixteenth Ave
499 Sixteenth Ave
499 Sixteenth Ave
499 Sixteenth Ave
499 Sixteenth Ave
499 Sixteenth Ave
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5
BEDROOMS
5
BATHROOMS
1
KITCHENS
9 + 4
ROOMS
N9386692
MLSID
Contact Us
Property Description
A great opportunity for multiple users under the current RS1/R6 zoning, allowing for office, residential, educational, or place of worship uses. The generous lot size is 82.5 x 315, approximately 0.68 acres. The existing home has been renovated, features a finished lower level.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-11-07 2021-01-19 73 $3,488,000 - Terminated
2020-11-07 2021-01-18 72 $3,488,000 - Suspended
2020-03-03 2020-09-30 211 $3,500,000 - Expired
2018-05-02 2019-05-02 365 $2,798,000 - Expired
Nearby Intersections
Property Details
Community
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
2500-3000
Lot Size
83' x 315'
Fronting
South
Taxes
$12,695 (2024)
Basement
Fin W/O
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
9
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain12.80' x 18.04'Hardwood Floor, O/Looks Pool, O/Looks Garden
DiningMain13.45' x 16.73'Hardwood Floor, Open Concept
FamilyMain10.83' x 16.08'Hardwood Floor, Fireplace, W/O To Sundeck
KitchenMain13.94' x 19.46'Ceramic Floor, Centre Island, Bay Window
BreakfastMain8.04' x 10.50'Ceramic Floor, O/Looks Pool, O/Looks Garden
Great RmMain7.87' x 11.81'Ceramic Floor, O/Looks Pool
Prim BdrmMain11.42' x 14.93'Hardwood Floor, Closet, 5 Pc Ensuite
2nd BrMain11.32' x 13.62'Hardwood Floor, Closet
RecGround18.21' x 22.31'Broadloom
Richmond Hill Market Statistics
Richmond Hill Price Trend
499 Sixteenth Ave is a 5-bedroom 5-bathroom home listed for sale at $4,480,000, which is $2,215,639 (97.8%) higher than the average sold price of $2,264,361 in the last 30 days (September 21 - October 20). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill declined by $521,849 (18.7%) compared to the previous 30 day period (August 22 - September 20) and down $479,639 (17.5%) from the same time one year ago.
Inventory Change
There were 43 5-bedroom homes listed in Richmond Hill over the last 30 days (September 21 - October 20), which is up 4.9% compared with the previous 30 day period (August 22 - September 20) and up 34.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold ($95,389) (4.2%) below asking price over the last 30 days (September 21 - October 20), which represents a $14,400 increase compared to the previous 30 day period (August 22 - September 20) and $304,600 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 (September 21 - October 20) stood at 18.6%, down from 29.3% over the previous 30 days (August 22 - September 20) and up from 6.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Richmond Hill stood at 17 days when successfully sold over the last 30 days (September 21 - October 20), compared to 77 days before being removed from the market upon being suspended or terminated.
Listing contracted with Hammond International Properties Limited
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