True Gem In The Most Sought-After Area Of Richmond Hill. Luxury Finishes,Magnificently Sized Rooms,High Ceilings,Decorative Mouldings,Marble & Hardwood Flrs,And Large Windows. Outstanding Millwork Throughout. Chef-Inspired Gourmet Kit. W/Bfast Area & walk-out To Custom Deck. Stone & Stucco Exterior With Circular Driveway For 6+ Cars, 3 Car Garage.
6 bedrooms, 8 bathrooms, about 5,000 sq ft, works out to roughly $798 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 16 Fairview Ave
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
5000 + sq ftas stated on the listing
Parking
9 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
9
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
16 Fairview Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13739198$3,990,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 16 Fairview Ave Compares to the Richmond Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$19,602
/mo
based on the purchase price of $3,990,000
$798,000 cash
$3,192,000 financed
$2,688,502 total interest
Principal54%$3,192,000
Interest46%$2,688,502
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Richmond Hill
Other 5–7 bed homes for sale in Richmond Hill around $4.0M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.8%On average, homes sold below asking.
Active listings1,210Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 803 sales from Jul 25 – Oct 23, 2026 (591 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
16 Fairview Ave is listed at $3,990,000 (MLS® N13739198). Summitly updates the price as soon as the MLS® record changes.
Is $3,990,000 a good price for 16 Fairview Ave?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Richmond Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 16 Fairview Ave changed?
No — 16 Fairview Ave is still listed at its original asking price of $3,990,000.
How many bedrooms and bathrooms does 16 Fairview Ave have?
16 Fairview Ave has 6 bedrooms and 8 bathrooms, with about 5,000 square feet of living space. It is a detached home in Richmond Hill.
Is 16 Fairview Ave close to transit?
The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 1.2 km (about a 15-minute walk) in a straight line. Richmond Hill GO Station is about 4.5 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 16 Fairview Ave?
About $19,602 a month — principal and interest on $3,990,000 with 20% down ($798,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 16 Fairview Ave compare with other homes in Richmond Hill?
Its asking price of $3,990,000 is about 253% above the median sold price in Richmond Hill over the last 90 days, $1,131,800, across 803 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 16 Fairview Ave been sold before?
Summitly has no earlier MLS® sale or lease of 16 Fairview Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 16 Fairview Ave?
16 Fairview Ave is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 16 Fairview Ave been on the market?
51 days — 16 Fairview Ave was listed on September 2, 2026.
What is the price per square foot of 16 Fairview Ave?
About $798 per square foot: the asking price of $3,990,000 over the 5,000 sq ft the listing gives.
Does 16 Fairview Ave have parking or a garage?
Yes — the listing gives 9 parking spaces. Garage: Yes.
