Detached House for sale at 47 Somerset Crescent, Richmond Hill, Ontario, L4C 8N5 - Observatory - MLS: N12334779

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47 Somerset Crescent

Richmond Hill, Ontario, L4C 8N5 - Observatory

$1,588,000

Neighbourhood

Observatory
Major Intersection

Bayview Ave/16th Ave

Listed Since: 11 day(s)
Last update: today

Overview

Property Type

Detached, 2-Storey
Bedrooms

4 + 1
Bathrooms

4
Basement

Finished
Kitchen

1
Total Parking

4 (2 Attached Garage)
Lot Size

50.43x122.94 (Feet)
Taxes

$8,158.74 (2025)
Type

Freehold

Property Description

Property description for 47 Somerset Crescent, Richmond Hill

Bright, Sun-Filled Home in the Prestigious Observatory CommunitySurrounded by multi-million-dollar residences in the heart of Richmond Hill, this exceptional property sits on a premium 50 x 122 ft lot. Offering over 4,000 sq. ft. of total living space. a fully finished basement), this home boasts a spacious and functional layout perfect for modern family living.Step into the grand foyer with its soaring ceilings, skylight, and extra windows that flood the home with natural light. The chef-inspired kitchen features brand-new quartz countertops, a stylish backsplash, stainless steel appliances, and a brand-new range hood. Freshly painted throughout the main and second floors, with brand-new carpeting upstairs.The primary suite offers double walk-in closets for both him and her, along with a spa-like ensuite. Enjoy a sunny south-facing backyard, interlock driveway, and abundant pot lighting.Recent updates include: Roof (2018) and Furnace (2017). Located within the Bayview Secondary School zone, steps to public transit, Observatory Park, and just minutes to Hwy 404, Hwy 407, and major shopping centers.

Listed by RE/MAX REALTRON REALTY INC.

Property details

MLS #

N12334779
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Shingles
Foundation

Unknown
Elevator

N
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

N12334779
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Shingles
Foundation

Unknown
Elevator

N
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

6.0 x 3.45 ft Main level

hardwood floor, Bay Window
Dining

4.7 x 3.45 ft Main level

Hardwood Floor
Family

5.8 x 3.76 ft Main level

hardwood floor, Fireplace
Kitchen

6.4 x 3.95 ft Main level

Custom Counter, Stainless Steel Appl, Backsplash
Breakfast

6.4 x 3.96 ft Main level

Ceramic Floor, Combined W/Kitchen
Primary

5.56 x 3.9 ft 2nd level

W/I Closet, 4 Pc Ensuite, W/I Closet
2nd Br

4.45 x 3.3 ft 2nd level

Closet
3rd Br

4.3 x 3.0 ft 2nd level

Closet
4th Br

3.4 x 3.3 ft 2nd level

French Doors
Rec

7.6 x 4.6 ft Bsmt level

Laminate, Fireplace
5th Br

4.5 x 3.4 ft Bsmt level

Laminate

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 47 Somerset Crescent, Richmond Hill

This property has been sold 12 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Local Real Estate Price Trends for Detached in Observatory

Active listings

Average Selling Price of a Detached

July 2025

$1,534,000

Last 3 Months

$1,909,250

Last 12 Months

$2,179,217

July 2024

$2,045,000

Last 3 Months LY

$2,144,333

Last 12 Months LY

$2,131,840

Change

-25%

Change

-11%

Change

Historical Average Selling Price of a Detached in Observatory

Average Selling Price

3 years ago

$1,755,000

Average Selling Price

5 years ago

$2,706,667

Average Selling Price

10 years ago

$1,224,500

Change

-13%

Change

-43%

Change

25%

How many days Detached takes to sell (DOM)

July 2025

Last 3 Months

Last 12 Months

July 2024

Last 3 Months LY

Last 12 Months LY

Change

-45%

Change

-29%

Change

25%

Average Selling price

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.