176 Old Surrey Ln, Richmond Hill - Triple Garages Detached Home

176 Old Surrey Ln

LocationSouth Richvale, Richmond Hill, L4C 7E5
$2.998M For Sale
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Description

Welcome to 176 Old Surrey Lane, a rare custom home situated on a stunning 72' x 166' lot in Richmond Hill's most prestigious enclave, South Richvale. Offering a sprawling approx 5,000 sq ft above grade, this solid residence provides grand architectural scale and a perfect canvas to be reimagined into your absolute dream estate. Enjoy a dedicated main floor office and the rare convenience of a main floor nanny/in-law suite featuring an ensuite bath and private separate entrance. A majestic circular drive and 3-car garage lead to a breathtaking 18ft foyer with granite floors. The heart of the home is a massive kitchen & breakfast area anchored by a centre island beneath large double skylights with a spectacular built-in 70/24 custom aquarium.The finished basement features a separate entrance, full kitchen, 2 beds, 2+1 baths, and asauna'!An investor & end-user's dream!

Features

  • House Facing
    Facing: North
  • Bedrooms
    Bedrooms: 4
  • Bathrooms
    Bathrooms: 8
  • Garages
    Garages: 3
  • Kitchens
    Kitchens: 2

Details

  • Front Lot
    Lot size: 72.74 x 166.72 Feet
  • Lot Depth
    Space: 3500-5000
  • Tax Amount
    Tax: $ 16125.78
  • MLS
    N13871112
  • Listing contracted with: REMAX YOUR COMMUNITY REALTY
Room Size(M) Description
Living Rm4.36x4.27

Cathedral Ceiling(s), Granite Floor, Crown Moulding

Dining Rm4.37x5.18

Wainscoting, Hardwood Floor, French Doors

Kitchen8.47x4.57

Centre Island, W/O To Sundeck, Granite Floor

Breakfast6.19x3.35

Granite Floor, Crown Moulding, Open Concept

Family Rm6.74x3.93

Hardwood Floor, Fireplace, W/O To Deck

Office3.05x3.84

Hardwood Floor, B/I Bookcase, W/O To Deck

Kitchen3.54x6.40

Granite Floor, Granite Counters, Laundry Sink

Primary B6.46x4.15

Hardwood Floor, Wainscoting, Closet

2nd Br5.06x3.47

Hardwood Floor, Wainscoting, Closet

3rd Br6.07x3.32

Hardwood Floor, Window, Closet

4th Br4.60x4.40

Hardwood Floor, Window, Closet



Bathroom Pieces Level
1xBath7 pcs

Second

2xBaths5 pcs

Second

1xBath3 pcs

Main

1xBath2 pcs

Main

3xBaths3 pcs

Basement



Property Summary

Located close to the intersection of N and A, 176 Old Surrey Ln is a 4+2 bedrooms 8 washrooms Detached. The unit has a 3 Attached Parking Spaces. The property has many nice features including Water Meter, Water Heater, Sauna, Central Vacuum, Carpet Free and Built-In Oven. Living Room Rm, Dinning Room Rm, Kitchen, Breakfast Room, Family Room Rm, Office and Kitchen are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 18.9% compared with the same period last year.

Rent levels have decreased 26.5% compared with the same period last year.

Recent Comparable Value Range
$1,810,000 – $2,590,000
Recent 6-Month Rent Range
$5,300 – $7,300/month

How This Home Compares

Market Temperature
Strong Buyer's Market
Strong SellerSellerBalancedBuyerStrong Buyer
High inventory strongly favours buyers of similar homes.
Typical Selling Time
26 Days
Similar homes are selling in about 26 days, broadly in line with last year.
Price Position
36.3% Higher
The asking price is above the estimated value of comparable homes.

Local Area Profile

This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 54% of residents hold a bachelor's degree or higher, while about 12% have a college credential. Driving is the primary commuting method for nearly all local commuters.





School Information



Commute Information

GTA Go Train Langstaff Go Train Station (1.8km) - Free Parking available, parking lots: 1547

Location





Community Overview

176 Old Surrey Ln is at the Heart of South Richvale Community. The community of South Richvale runs from Yonge St on the East to Highway 7 in the south, Bathurst St on the west, and Carrville Rd in the north. The community was one of Toronto's first commuter suburbs. The development coincided with the opening of the Richvale School in 1923. The significant real estate development started in the 1950s, and many residential houses were built around the 1970s. The original houses, many sitting on large premium lots, were relatively modest, consisting mainly of bungalows that were gradually rebuilt into much larger custom-designed homes. In past 3 months, 7 Detached homes were sold at average of $2.01M. It has a higher than average population of recent immigrants from Iran, Italy and China. In 176 Old Surrey Ln neighbourhood, you will find many residents are Iranian, Chinese, Italian, Canadian, and English. Driving is the primary way of commuting for residents in South Richvale. Hunter's Point Wildlife Park is a quiet, contemplative green space located in the southwest section of Richvale, providing habitats for many exotic birds and animals. Hillcrest Mall is located at East North Corner north of Carrville Rd. South Richvale is now one of the most desirable Richmond Hill communities for Chinese families. Many marketers promote the community as South Rich Valley, highlighting it as a wealthy neighbourhood and its name, after translating to Chinese Cantonese, as a famous Hong Kong landmark, 'Lan Kwai Fong'.


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