47 Edgar Avenue in York: South Richvale House for sale (Richmond Hill) : MLS®# N12285616
Looking for affordable houses for sale near me? Whether you’re a first-time buyer, downsizer, or investor, there are budget-friendly homes in your area with practical layouts, great locations, and long-term potential.
Unveil the allure of sophistication that captivates the senses.Spanning an impressive10,000sqft,this stunning residence,meticulously crafted by Mahzad Homes,seamlessly marries timeless elegance with contemporary flair.With its exceptional potential for lot severance,this extraordinary property redefines the essence of luxury living,offering a lifestyle that transcends the ordinary and elevates your daily experience to remarkable heights.Step into the grand foyer,an expansive 22 high,where soaring ceilings adorned with exquisite designs invite you to explore.The rest of the main floor features impressive 12ft ceilings,creating an airy ambiance.The majestic staircase, illuminated by an oversized skylight and embellished with a custom chandelier,creates a dazzling focal point,while floor-to-ceiling windows blur the lines between indoor and outdoor living.The kitchen is a masterpiece, featuring a modern oversized island that combines beauty with functionality, offering an abundance of storage & cutting-edge appliances.A cleverly designed second kitchen lies conveniently between the main kitchen and dining areaThe dining room boasts a mirrored ceiling, complemented by a striking fireplace in the living room that appeals to the most discerning tastes.Enhancing the entertaining experience the family room features a wine cellar, while a separate access door leads to a private home office.The oversized mudroom adds practicality,the3car garage,featuring enough height for a lift,showcases a super unique mirrored garage door that is both functional and visually stunning.The exquisite chandeliers are the jewels of this house,adding an extra touch of glamour.Retreat to the master en-suite, a spa-like haven complete with his and her closets oversized windows in all 5 bedrooms,each akin to a primary suite.Indulge in luxury with a dedicated theater room,The home is equipped with advanced automation,a comprehensive security sys with cameras,snowmelt driveway, radiant flr heating...
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Listed by MAHZAD HOMES & ESTATES and BARSAM PROFESSIONALS REAL ESTATE BROKERAGE LTD.
Data was last updated July 17, 2025 at 05:15 PM (UTC)
Area Statistics
Listings on market:
71
Avg list price:
$3,388,800
Min list price:
$1,399,000
Max list price:
$18,500,000
Avg days on market:
48
Min days on market:
1
Max days on market:
335
These statistics are generated based on the current listing's property type
and located in
South Richvale. Average values are
derived using median calculations. This data is not produced by the MLS® system.
• Entry-level pricing ideal for first-time buyers • Close to schools, shops, transit, and parks • Lower maintenance and property taxes • Opportunity to build equity in a growing market • Strong potential for rental income or future resale
What to Expect in Affordable Homes Near You
These homes often deliver great value in up-and-coming or established neighbourhoods and include:
• 2–3 bedroom detached or semi-detached layouts • Renovated kitchens, updated bathrooms, or fixer-uppers with potential • Private backyards, driveways, and basements • Proximity to schools, shopping plazas, and local transit
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FAQs – Affordable Houses for Sale Near Me
1. What price range is considered affordable? This varies by region, but generally homes under $800,000 in the GTA or under $600,000 in smaller cities are considered affordable.
2. Are affordable homes in good neighbourhoods? Yes. Many affordable options are located in emerging or established areas with great amenities and community feel.
3. Can I qualify for incentives as a first-time buyer? Yes. Programs like the First-Time Home Buyer Incentive and land transfer tax rebates can lower upfront costs.
4. Are affordable homes move-in ready or fixer-uppers? Both are available. Some are fully updated while others offer lower prices in exchange for renovation potential.