Home with brick exterior material, street for 54 Gray Cres, Richmond Hill Ontario L4C 5V5
15 hours on Market

54 Gray Cres, Richmond Hill, Ontario L4C 5V5

Detached
3 + 1
4
~1500-2000 sqft
$1,585,000
Get pre-qualifiedPowered by nesto
Buy with Wahi to get
Up to
$15,850Cashback
Detached
3 + 1
4
~1500-2000 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market15 hours

Estimated valueNot available

Price/Sqft$924/sqft

Monthly cost

Open Calculator

CMA Subject Property

Curious about what homes are selling for in this area?

Get a report on comparable homes with helpful insights and trends.

+9

Properties sold*

$2.2M

Median sold price*

*Based on last 30 days

Description

Welcome to this beautifully updated 3+1 bedroom, 4-bath home (i.e. 3 full baths + powder room) offering modern functionality, income potential, and a thoughtfully landscaped backyard retreat. Step inside to find hardwood floors, recessed lighting with dimmers, and new blinds on the main floor. The renovated bathrooms (ensuite, powder, 2nd floor & basement) provide elevated comfort, while USB charger outlets and Wi-Fi switches add smart convenience throughout.The separate entrance basement suite features a full kitchen with induction stove on an island, bedroom, and 3-piece bath ideal for rental income (historically $1,850-$1,950/month + 30% utilities). A second laundry set on the upper level allows both Main/2nd Floor & Basement levels to operate independently, if desired. Upgrades include: new Lennox A/C (2022), high-efficiency HVAC, Nest thermostat, 200-amp panel, and a garage access door (see attached Features & Upgrades List for More!). Benefit from new windows (2022) in Master Bedroom, Stairway, Porch, & Backyard. Outdoors, enjoy a raised garden, deck with gazebo + 2nd retractable-roof gazebo, natural gas hook-up, shed, interlock patio & driveway, and a removable fence offering optional private yard space for both Main/2nd Floor & Basement levels, if desired. Located steps to bus stops, Mackenzie Health Hospital, Mary Dawson Park, and minutes drive from excellent amenities including LA Fitness, Longos, and a variety schools from PK to Grade 12 including but not limited to Alexander Mackenzie H.S., Ross Doan PS and Adrienne Clarkson P.S. A versatile home perfect for families, investors, or multi-generational living! (Main / 2nd Floor Market Rent Approx. $3500 + Basement Market Rent Approx. $1850-$1950). (Basement Tenant currently has lease until Aug 2025, open to staying or leaving. Main / 2nd Floor currently vacant).


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size3,606 SqFt(120.12 x 30.02)
Parking Spaces4
MLS ®NumberN12307472
Community NameRichvale
Data SourceTRREB
Listing byRE/MAX REAL ESTATE CENTRE INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance

2nd Floor

Primary

4.91 x 3.33

hardwood floor / 3 Pc Ensuite / W/I Closet

2nd Br

3.4 x 2.99

Double Closet / hardwood floor / Pot Lights

3rd Br

2.85 x 2.53

Double Closet / hardwood floor / O/Looks Backyard

Laundry

1.0 x 1.0

Hardwood Floor


Features

Lot size: 3,606 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 2

Total parking spaces 4


Property History

Jul 25, 2025
ListedActive
$1,585,000
15 hours on market
history photo preview46
Listing by trreb®

Market Data - Richvale

Geo Zone Map ThumbnailRichvale

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

45 days

Compared to

2024

30 days

2023

17 days

2022

12 days

New Listings

Past 30 days

57 listings

Compared to

2024

40 listings

2023

37 listings

2022

28 listings

Units sold

Past 30 days

11 units

Compared to

2024

9 units

2023

13 units

2022

11 units

Median Sold Price

Past 30 days

$1,390,000

Compared to

2024

$2,188,000

2023

$2,238,000

2022

$1,400,000


Population and Demographics

Overview

Total population 24003
Average household income $138,854

Age (%)

0 to 19
18%
20 to 34
17%
35 to 49
19%
50 to 64
23%
65 and plus
23%

Household composition (%)

Single family
71%
Single person
25%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
42%
Iranian Persian
16%
Russian
9%
Mandarin
8%
Italian
6%
Yue (Cantonese)
5%
Korean
3%
Persian (Farsi)
2%
Others
2%

House tenancy (%)

Owners
79%
Renters
21%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget