Richmond Hill, ON · L4C 2V9 · MLS® N14149848Updated
$1,250,000Est. $6,141/mo mortgage
516 Lynett Cres is a 4-bedroom, 3-bathroom detached home in Richmond Hill, listed for $1,250,000. It has 1100-1500 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Exceptional Three-Unit Detached Property Situated in the highly desirable Crosby community of central Richmond Hill, this unique property sits on a generous 50 x 100 ft lot and offers an exceptional opportunity for investors or multi-generational families seeking additional rental income.Featuring three self-contained living units, each with its own private kitchen, bathroom, and laundry facilities, this property offers excellent rental income potential and outstanding flexibility.The main house offers 3+2 bedrooms & 2 bathrooms, while the detached garage behind features a separate Coach House above, providing a third independent rental unit complete with its own heating system, 60 amps electrical Panel, kitchen, bathroom, and laundry facilities.The property also features a 1.5-car garage, offering parking for one vehicle plus additional storage space. Conveniently located close to Highway 404, schools, parks, shopping centres, Asian supermarkets, banks, restaurants, community centres, hospital, GO Train station, and public transit, providing exceptional convenience for everyday living.Located within the highly Ranked Bayview S.S district.
4 bedrooms, 3 bathrooms, about 1,100 sq ft, works out to roughly $1,136 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Sourced from MLS®. Includes earlier listings of this property on record.
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Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
Full Richmond Hill market reportSold prices are shown free to signed-in members, as board rules require.
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24 Whalen Court
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72 Dunsmore Crescent
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46 Clarendon Drive
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96 Estate Garden Drive
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49 Somerset Crescent
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225 Lucas Street
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6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home516 Lynett Crescent 4 bd · 3 ba · 1,100 sqft | $1,250,000asking | $1,136 | — | — |
| 24 Whalen Court 4 bd · 3 ba · 3,000 sqft | ||||
| 72 Dunsmore Crescent 3 bd · 2 ba · 1,100 sqft | ||||
| 46 Clarendon Drive 4 bd · 4 ba · 3,000 sqft | ||||
| 96 Estate Garden Drive 3 bd · 3 ba · 2,000 sqft | ||||
| 49 Somerset Crescent 4 bd · 3 ba · 3,000 sqft | ||||
| 225 Lucas Street 4 bd · 3 ba · 1,500 sqft |
4 bd · 3 ba · 3,000 sqft
3 bd · 2 ba · 1,100 sqft
4 bd · 4 ba · 3,000 sqft
3 bd · 3 ba · 2,000 sqft
4 bd · 3 ba · 3,000 sqft
4 bd · 3 ba · 1,500 sqft
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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.
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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.
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.
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Listing brokerage: RE/MAX EXCEL REALTY LTD., BrokerageMLS® N14149848 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Other 3–4 bed homes for sale in Richmond Hill around $1.3M.
Homes for sale in Richmond Hill
Every active Richmond Hill MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 791 sales from Aug 6 – Nov 4, 2026 (638 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
516 Lynett Cres is listed at $1,250,000 (MLS® N14149848). Summitly updates the price as soon as the MLS® record changes.
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
No — 516 Lynett Cres is still listed at its original asking price of $1,250,000.
516 Lynett Cres has 4 bedrooms and 3 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Richmond Hill.
About $6,141 a month — principal and interest on $1,250,000 with 20% down ($250,000), 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.
Its asking price of $1,250,000 is about 10% above the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 791 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.
Yes — Summitly has 1 earlier MLS® listing of 516 Lynett Cres on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
516 Lynett Cres is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
516 Lynett Cres was listed today (November 4, 2026).
About $833 to $1,136 per square foot: the asking price of $1,250,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Yes — the listing gives 5.5 parking spaces. Garage: Yes.
The listing describes the basement as: Separate Entrance, Apartment.
