Markham
Richmond Hill
Other GTABuying a detached home in Richmond Hill: newer or renovated? If a newer home is beyond your budget, a renovated older home is worth comparing, as long as you look at its condition, the scope of the work and what still needs doing.
Observatory Hill · Bayview Ave / 16th Ave
Asking $1,868,000 · double-car garage
4 bedrooms · 5 bathrooms · approx. 2,744 sq. ft. above grade, plus a finished basement
Renovation year is not construction year
This home was renovated in 2022: doors, windows, staircase, cabinetry, flooring, kitchen and bathrooms. Compare its condition and the remaining work item by item.
School boundaries (YRDSB English public, 2026/27)
- Sixteenth Avenue Public School (JK–8): Fraser 6.5/10, tied 1,210th in Ontario.
- Bayview Secondary School (9–12): Fraser 9.2/10, tied 12th.
- Fraser 2025 reports use 2023/24 data. Bayview SS is enrolment capped for 2026/27; confirm placement with the school. IB requires a separate application.
Listing shown in October 2026 and may have changed since. Listing courtesy of Bay Street Group Inc. (listing agent Terry D.C. Wang). Presented by Christine Chan, CENTURY 21 Percy Fulton Ltd., Brokerage.
The market in Richmond Hill, September 2026
Average price: $1,189,203
Median price: $1,079,000
Detached, average: $1,580,643
Sales: 172
New listings: 584
Active listings: 974
Months of inventory: 5.6
Sold vs. list price: 98%
Days on market: 36 days
Source: TRREB Market Watch, September 2026 (released October 6, 2026). All home types unless noted. Richmond Hill Homes & Community Guide
How I can help: Buying
Think Beyond the Viewing.
- Understand your budget, space, commuting and amenity needs.
- Compare suitable properties, recent sales and condition.
- Discuss offer terms and coordinate the transaction and closing.
