525 Lynett Cres, Richmond Hill - Detached Home

525 Lynett Cres

LocationCrosby, Richmond Hill, L4C 2V8
$998K For Sale
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Description

Rare Upgraded Bungalow on a 56.67' x 100' Lot! One of the few bungalows in the area with expanded main-floor living space and a desirable layout, offering approximately 2,600 sq. ft. of total living area. Situated within highly sought-after school zones, including top-ranked Bayview Secondary School, Crosby Heights Public School, and Beverly Acres French Immersion School. Enjoy the convenience of being just steps from parks and public transit, and only minutes drive to the GO Station, Costco, Walmart, FreshCo, and major highways. The main floor features two bright living rooms with bay windows. One living room offers direct access to the backyard, allowing guests to enjoy fresh air without passing through the bedrooms, a rare and thoughtful layout not found in most similar homes. The finished basement offers abundant natural light and a private separate entrance. Historically, similar basements in the area have rented for $1,700-$2,000 per month. It includes three bedrooms, a 3-piece bathroom, a full second kitchen, above-grade windows, and a large living area complete with a cozy gas fireplace. The large backyard is a true oasis, perfect for family gatherings, childrens play, barbecues, and enjoying fresh fruit from the garden. This home is an ideal choice for families, investors, or builders, with excellent potential for future development. ***Photos have been virtually staged and enhanced. Actual condition and appearance of the property may vary.***

Features

  • House Facing
    Facing: North
  • Bedrooms
    Bedrooms: 3
  • Bathrooms
    Bathrooms: 2
  • Garages
    Garages:
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 56.67 x 100.00 Feet
  • Lot Depth
    Space: 1100-1500
  • Tax Amount
    Tax: $ 6360.00
  • MLS
    N13811586
  • Listing contracted with: ZOLO REALTY
Room Size(M) Description
Living Rm5.73x4.32

Laminate, Crown Moulding, South View

Dining Rm4.16x3.74

Laminate, Bay Window, W/O To Yard

Kitchen3.65x3.48

Ceramic Floor, Combined w/Dining, Backsplash

Primary B4.35x2.90

Laminate, Double Closet, North View

2nd Br3.20x2.70

Laminate, Closet, North View

3rd Br3.25x2.72

Laminate, Closet, South View

Kitchen3.29x3.23

Open Concept, Breakfast Area, Combined w/Living

Living Rm5.03x3.17

South View, Pot Lights, Gas Fireplace

Primary B4.41x3.62

Closet, Above Grade Window, South View

2nd Br3.30x2.92

Closet, Above Grade Window, West View

3rd Br3.45x3.28

Closet, Above Grade Window, East View



Bathroom Pieces Level
1xBath3 pcs

Ground

1xBath3 pcs

Basement



Property Summary

Located close to the intersection of Bayview and Elgin Mills, 525 Lynett Cres is a 3+3 bedrooms 2 washrooms Detached. The property has many nice features including Water Heater Owned, Primary Bedroom - Main, In-Law Suite and Carpet Free. Living Room Rm, Dinning Room Rm, Kitchen, Primary B, second bedroom and third bedroom are on the Ground floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 13.2% compared with the same period last year.

Rent levels have decreased 5.2% compared with the same period last year.

Recent Comparable Value Range
$820,000 – $1,120,000
Recent 6-Month Rent Range
$2,500 – $2,950/month

How This Home Compares

Market Temperature
Seller's Market
Strong SellerSellerBalancedBuyerStrong Buyer
Inventory conditions currently favour sellers of similar homes.
Typical Selling Time
28 Days
Similar homes are selling in about 28 days, slower than the same period last year.
Price Position
In Line
The asking price is broadly in line with the estimated value of comparable homes.

Local Area Profile

This property is located in an area with a mix of homeowners and renters with a mix of detached homes and apartments and condominiums. Approximately 48% of residents hold a bachelor's degree or higher, while about 18% have a college credential. The large majority of local commuters travel by car.





School Information



Commute Information

GTA Go Train Richmond Hill Go Train Station (1.5km) - Free Parking available, parking lots: 2004

Location





Community Overview

525 Lynett Cres is at the Heart of Crosby Community. Crosby community runs from Yonge St on the West to Major Mackenzie in the south, Bayview on the East, and Elgin Mills on the north. The community has a rich history and is one of Richmond Hill's oldest neighbourhoods. The home in the oldest neighbourhood date back to the 1800s. And around a third of properties were built before the 1960s. In past 3 months, 20 Detached homes were sold at average of $1.17M. English is the native language for around 54% of residents. In 525 Lynett Cres neighbourhood, you will find many residents are Chinese, Iranian, Canadian, Persian, and English. Residents in the Crosby community typically travel by car. Town Park at the south corner of Crosby also has baseball courts, tennis courts, Richmond Hill Figure Skating Club, a lawn bowling club and a children's playground. Along Yonge Street, one can easily find mixed of Shops, banks, supermarkets and restaurants. The Crosby is a mature community between Yonge Street and Bayview Avenue. It comprises a variety of homes where the oldest can date back to the two centuries ago. Though many houses are aged, investors and first-time home buyers can find the right type of houses with more oversized lots and huge backyards.


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