Amazing Value for Investors and Developers. The Time to Buy Land is Now. Premium Quarter Acre Lot in Prime Richmond Hill. 52.8 x 225.1 FT, Possibilities are endless. Discover the Charm of this Original Home. Move in, Rebuild, Reface or Generate potential income with 2-unit setup. Buyer and Buyer's Agent to verify all measurements and retrofit compliance. Close to Top Ranked Schools, Parks, Trails, Hospital, Library, and Downtown Richmond Hill. **Photos Contain A.I Staging Effect**
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $1,080 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 163 Elgin Mills Rd W
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Lot size
52.80 x 225.10 Feet
Parking
4 spaces
Basement
Finished with Walk-Out
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Finished with Walk-Out
Lot & land
Lot dimensions
52.80 x 225.10 Feet
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
163 Elgin Mills Rd W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13719126$1,188,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 163 Elgin Mills Rd W 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
$5,836
/mo
based on the purchase price of $1,188,000
$237,600 cash
$950,400 financed
$800,486 total interest
Principal54%$950,400
Interest46%$800,486
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 3–4 bed homes for sale in Richmond Hill around $1.2M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.9%On average, homes sold below asking.
Active listings1,200Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 837 sales from Jul 15 – Oct 13, 2026 (571 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
163 Elgin Mills Rd W is listed at $1,188,000 (MLS® N13719126). Summitly updates the price as soon as the MLS® record changes.
Is $1,188,000 a good price for 163 Elgin Mills Rd W?
Summitly rates it Well Above Market: the asking price is 15% or more 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 163 Elgin Mills Rd W changed?
No — 163 Elgin Mills Rd W is still listed at its original asking price of $1,188,000.
How many bedrooms and bathrooms does 163 Elgin Mills Rd W have?
163 Elgin Mills Rd W has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Richmond Hill.
Is 163 Elgin Mills Rd W close to transit?
The nearest rapid-transit station is Richmond Hill GO Station (Richmond Hill GO), about 2.2 km in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 163 Elgin Mills Rd W?
About $5,836 a month — principal and interest on $1,188,000 with 20% down ($237,600), 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 163 Elgin Mills Rd W compare with other homes in Richmond Hill?
Its asking price of $1,188,000 is about 5% above the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 837 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 163 Elgin Mills Rd W been sold before?
Summitly has no earlier MLS® sale or lease of 163 Elgin Mills Rd W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 163 Elgin Mills Rd W?
163 Elgin Mills Rd W is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 163 Elgin Mills Rd W been on the market?
50 days — 163 Elgin Mills Rd W was listed on August 24, 2026.
What is the price per square foot of 163 Elgin Mills Rd W?
About $792 to $1,080 per square foot: the asking price of $1,188,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 163 Elgin Mills Rd W have parking or a garage?
