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Listed 28 days ago

49 Somerset Crescent

Observatory, Richmond Hill

$1,399,000

Detached|2-Storey
4 | 4 | 4
About this home

*Impeccable Value For A Detached Home, No Bidding!* Step Inside To A Soaring Two-Storey Skylit Foyer Where A Sculptural Curved Oak Staircase & A Cascade Of Designer Pendants Make An Unforgettable First Impression. Tucked Onto A Private, Mature Tree-Lined Lot In Richmond Hill's Established Observatory Community, This Beautifully Maintained 3,092 Sq Ft Detached Home + Plus A Fully Finished Basement - Delivers Space, Function And Timeless Style For The Whole Family. The Main Floor Suits Both Everyday Living & Entertaining, With Distinct Formal Living & Dining Rooms In Gleaming Hardwood, A Separate Family Room Anchored By A Floor-To-Ceiling Brick Fireplace & Walkout To The Yard, And A Private Main-Floor Study With Wainscoting. The Renovated Kitchen Is A True Showpiece - High-Gloss Cabinetry, Stone Counters, Full Glass-Tile Backsplash, Stainless Appliances & A Sun-Filled Breakfast Area Opening To The Garden. Upstairs, An Oversized Primary Retreat Offers A Walk-In Closet & Spa-Style 5-Piece Ensuite W/ Soaker Tub & Separate Shower, Joined By Three More Generous Hardwood Bedrooms & A Full Family Bath. The Finished Lower Level Adds A Fifth Bedroom, A Large Recreation Room With Fireplace & Full Bath - Perfect For Guests, Teens Or In-Law Potential. Outside, A Peaceful Fully Fenced Backyard Is Framed By Mature Trees & A Brick Privacy Wall, With A Stone Patio Made For Summer Entertaining. Complete With Attached Double Garage & 4-Car Parking. Major Updates Provide Peace Of Mind: Furnace ('25), Roof (Within 5 Years) And Central Air. Families Will Love The Location - Steps To Sixteenth Avenue PS (Fraser Institute 8.6/10), & Minutes To Top-Ranked Bayview Secondary School With Its Renowned IB Program, Plus Catholic And French-Immersion Options. Sitting Next To Southview Parkette, With Quick Access To Bayview Shopping, Transit, Richmond Hill GO And Highways 404/407. A Rare Turn-Key Opportunity On A Quiet, Connected Crescent In One Of Richmond Hill's Most Desirable Family Pockets.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age31-50
Size3000-3500 sq. ft.
Property Tax$8,704
Lot Size46.68 ft x 120.44 ft
mls© NumberN13533402
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,161
Property tax
$725
Heat allowance
$150
Housing costs
$8,036 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $279,800
25-yr amortization

Income needed

$247,000

gross annual household income

Payment at 4%
$5,887 / mo
Cash down
$279,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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