9 Colby Lane
South Richvale, Richmond Hill, L4C 6H4
FOR SALE
$3,098,000
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Property Description
**Location$$Location**Rare and exquisite custom raised bungalow boasting a remarkable 98 feet wide back frontage, ideally positioned on one of the most distinguished streets within the prestigious neighborhood of South Richvale. This exceptional residence stands out as the pinnacle property on Colby Lane, showcasing unparalleled attention to detail. Highlights include elevated property stature, 9-foot smooth ceilings, ornate crown moldings, upgraded casings and baseboards, seamlessly flowing open-concept design featuring a stunning kitchen with granite countertops, an expansive center island, built-in appliances, and fine cabinetry. Luxurious Tuscany travertine tiles adorn the floors, complemented by custom closets, new windows, a grand double-door entrance, expansive windows allowing abundant natural light, a soundproof entertainment room, 200 amp panel and numerous other refined features that define luxury living.
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Extras
This exceptional residence presents an array of luxurious amenities complemented by the distinct advantage of an expansive lot size amidst grand estates. Numerous advantages available for this exceptional opportunity, speak to Listing Agent
Nearby Intersections
Yonge & 16th Avenue (177)
Yonge & Highway 7 (76)
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Lot Size
69' x 120'
Lot Irregularities
Pie-Lot Irrg Rare 98.10' Width At Rear
Fronting
West
Taxes
$9,362 (2024)
Basement
Finished
Exterior
Brick Front, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 18.90' x 18.57' | Tile Floor, Pot Lights, Crown Moulding |
| Dining | Main | 11.48' x 12.27' | Tile Floor, Open Concept, Crown Moulding |
| Kitchen | Main | 23.00' x 18.47' | Tile Floor, Granite Counter, Centre Island |
| Breakfast | Main | 23.00' x 18.47' | Tile Floor, Combined W/Kitchen, California Shutters |
| Prim Bdrm | Main | 12.17' x 19.59' | Broadloom, 4 Pc Ensuite, His/Hers Closets |
| 2nd Br | Main | 10.17' x 11.98' | Tile Floor, Window, West View |
| 3rd Br | Main | 10.17' x 11.98' | Broadloom, W/I Closet, Window |
| Media/Ent | Bsmt | 17.68' x 20.18' | Broadloom, Pot Lights, Folding Door |
| Office | Bsmt | 12.70' x 11.68' | Broadloom, Pot Lights |
| 4th Br | Bsmt | 11.88' x 11.88' | Broadloom, B/I Closet, Pot Lights |
| 5th Br | Bsmt | 11.98' x 18.80' | Broadloom, Closet, 4 Pc Ensuite |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
9 Colby Lane is a 3-bedroom 5-bathroom home listed for sale at $3,098,000, which is $1,711,037 (123.4%) higher than the average sold price of $1,386,963 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 3 bedroom home in Richmond Hill increased by $59,786 (4.5%) compared to the previous 30 day period (February 27 - March 27) and down $20,365 (1.4%) from the same time one year ago.Inventory Change
There were 93 3-bedroom homes listed in Richmond Hill over the last 30 days (March 28 - April 26), which is up 19.2% compared with the previous 30 day period (February 27 - March 27) and up 69.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Richmond Hill typically sold $64,890 (4.7%) above asking price over the last 30 days (March 28 - April 26), which represents a $3,605 increase compared to the previous 30 day period (February 27 - March 27) and $102,832 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 (March 28 - April 26) stood at 44.1%, down from 57.7% over the previous 30 days (February 27 - March 27) and down from 58.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in Richmond Hill stood at 14 days when successfully sold over the last 30 days (March 28 - April 26), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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