42 Oak Ave, Richmond Hill - Double Garages Detached Home

42 Oak Ave

LocationSouth Richvale, Richmond Hill, L4C 6R7
$2.189M For Sale
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Description

Welcome to 42 Oak Ave, ideally situated in the prestigious South Richvale community of Richmond Hill. This beautiful bungalow, built in 1999, sits on an impressive 45 241.5 ft lot, offering exceptional depth, privacy and endless possibilities. The home features skylights and a functional, spacious layout with excellent potential for those looking to renovate, modernize and create a truly customized residence in one of Richmond Hill's most sought-after neighbourhoods. Whether you envision a sophisticated contemporary update or a complete transformation, this property provides a fantastic foundation to bring your vision to life. The clean, unfinished basement offers a blank canvas ready to be completed to suit your needs-perfect for additional living space, a recreation room, home gym, office, theatre or guest accommodations. Additional highlights include an attractive interlock driveway, a new fence installed in August 2026, and a lift providing access from the garage into the home. A rare opportunity to own a bungalow on an exceptionally deep lot in prestigious South Richvale. Enjoy the existing home as-is, renovate to your taste, or explore the future potential this property and location have to offer. Close to excellent schools, 407 ETR, parks, shopping, restaurants, transit and major highways.

Features

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

Details

  • Front Lot
    Lot size: 45.00 x 241.50 Feet
  • Lot Depth
    Space: 2000-2500
  • Tax Amount
    Tax: $ 10915.12
  • MLS
    N13687174
  • Listing contracted with: INTERCITY REALTY INC.
Room Size(M) Description
Living Rm7.10x4.40

Hardwood Floor, Window

Dining Rm6.28x5.12

Tile Floor, Gas Fireplace

Kitchen4.29x3.31

Tile Floor, Eat-in Kitchen, Granite Counters

Pantry3.31x1.57

Tile Floor, B/I Shelves

Primary B5.00x4.47

Hardwood Floor, Walk-In Closet(s), Ensuite Bath

2nd Br3.35x3.58

Hardwood Floor, Window

3rd Br3.30x3.42

, Window

Laundry2.98x1.65

Tile Floor, Access To Garage



Bathroom Pieces Level
1xBath4 pcs

Flat

1xBath4 pcs

Flat



Property Summary

Located close to the intersection of Oak Avenue and Yonge Street, 42 Oak Ave is a 3 bedrooms 2 washrooms Detached. The unit has a Double Attached Parking Spaces. The property has many nice features including Central Vacuum, Primary Bedroom - Main and Auto Garage Door Remot. Living Room Rm, Dinning Room Rm, Kitchen, Pantry, Primary B, second bedroom, third bedroom and Laundry are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 11.6% compared with the same period last year.

Rent levels have decreased 32.9% compared with the same period last year.

Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan
Recent 6-Month Rent Range
$2,050 – $3,700/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
Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan

Local Area Profile

This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 51% of residents hold a bachelor's degree or higher, while about 17% have a college credential. Residents use a combination of driving and public transit for commuting.





School Information



Commute Information

GTA Go Train Langstaff Go Train Station (1.6km) - Free Parking available, parking lots: 1547

Location





Community Overview

42 Oak Ave is at North East Corner 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. About 30% of properties in this neighbourhood were constructed between 1980 and 1990, while many of the remaining buildings were constructed in the 1960s and the 1990s. In past 3 months, 7 Detached homes were sold at average of $2.01M. Besides English, Italian, Chinese and Persian is the most common second language spoken in the family. In 42 Oak Ave neighbourhood, you will find many residents are Italian, Chinese, Greek, Pakistani, and Korean. Furthermore, Highway 7 on the south has a speed limit of 80Km and fewer traffic lights between Keele St and Bayview Ave. 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. Moreover, on the east side of Yonge St is Bayview Glen Plaza. 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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