126 Spruce Ave, Richmond Hill - Double Garages Detached Home

126 Spruce Ave

LocationSouth Richvale, Richmond Hill, L4C 6W1
$1.89M For Sale
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Description

Endless Potential in South Richvale! Huge 50'x241' Deep Lot | 2 Kitchens | Walk-Out Basement. Rare dual opportunity for premium builders, investors, & families in Richmond Hill's most prestigious pocket, surrounded by multi-million dollar estates. Meticulously maintained by the original owner, this solid home features nearly 3,000 sq ft of finished living space. Excellent multi-gen or income layout boasting a lower level with a separate entrance, full 2nd kitchen, and a bright walk-out. Builders: enjoy an ultra-deep, flat lot lined with mature trees-the perfect canvas for a custom luxury estate. Live in, rent out for high holding income, or build your dream home. New price structure in place. Highly motivated seller-bring an offer today!

Features

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

Details

  • Front Lot
    Lot size: 50.00 x 241.75 Feet
  • Lot Depth
    Space: 1100-1500
  • Tax Amount
    Tax: $ 10147.39
  • MLS
    N14137378
  • Listing contracted with: REMAX YOUR COMMUNITY REALTY
Room Size(M) Description
Living Rm4.73x4.05

Hardwood Floor, Family Size Kitchen, Overlooks Frontyard

Dining Rm3.55x3.43

Hardwood Floor, Family Size Kitchen, Window

Kitchen3.21x2.81

Ceramic Floor, Family Size Kitchen, Ceramic Backsplash

Breakfast3.21x2.75

Ceramic Floor, Combined w/Kitchen, Window

Primary B4.28x3.43

Hardwood Floor, 2 Pc Ensuite, Window

2nd Br3.25x3.05

Hardwood Floor, B/I Closet, Window

3rd Br3.25x2.74

Hardwood Floor, B/I Closet, Window

Recreatio8.31x7.90

Ceramic Floor, Brick Fireplace, 4 Pc Bath

Kitchen7.47x3.20

Eat-in Kitchen, Ceramic Backsplash, Window

Other4.33x3.61

Ceramic Floor, Window, Separate Rm

Laundry4.11x4.11

Ceramic Floor, Double Sink, Window



Bathroom Pieces Level
1xBath4 pcs

Main

1xBath4 pcs

Lower

1xBath2 pcs

Main



Property Summary

Located close to the intersection of Carrville Rd & Avenue Rd., 126 Spruce Ave is a 3+1 bedrooms 3 washrooms Detached. The unit has a Double Built-In Parking Spaces. The property has many nice features including Central Vacuum and Auto Garage Door Remot. Living Room Rm, Dinning Room Rm, Kitchen, Breakfast Room, Primary B, second bedroom and third bedroom are on the Main floor; Recreation Roomreatio, Kitchen, Other and Laundry are on the Lower floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 13.3% compared with the same period last year.

Rent levels have decreased 31.3% 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
27 Days
Similar homes are selling in about 27 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 55% of residents hold a bachelor's degree or higher, while about 13% have a college credential. The large majority of local commuters travel by car.





School Information



Commute Information

GTA Go Train Langstaff Go Train Station (2.1km) - Free Parking available, parking lots: 1547

Location





Community Overview

126 Spruce Ave 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. 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, 9 Detached homes were sold at average of $1.97M. It has a higher than average population of recent immigrants from Iran, Italy and China. In 126 Spruce Ave neighbourhood, you will find many residents are Chinese, Italian, Iranian, Greek, and Irish. The nearest highway is express toll route 407. Richmond Hill Golf Club and Country Club, sitting on the southwest corner, occupies almost one-sixth of the South Richvale Community. Many top-notch retailers include Indigo, Marshalls+Homesense, Swarovski, Carbon and Old Navy. 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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