Detached House sold at 61 Somerset Crescent, Richmond Hill, Ontario, L4C 8N8 - Observatory - MLS: N12927122

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61 Somerset Crescent

Richmond Hill, Ontario, L4C 8N8 - Observatory

$1,568,000$000000

Neighbourhood

Observatory
Major Intersection

Bayview Ave/16th Ave

Listed Since: 38 day(s)
Last update: 15 day(s) ago

Overview

Property Type

Detached, 2-Storey
Bedrooms

4 + 1
Bathrooms

4
Basement

Apartment + Finished
Kitchen

1 + 1
Total Parking

4 (2 Attached Garage)
Lot Size

50.23x149.93 (Feet)
Taxes

$8,519.84 (2025)
Type

Freehold

Property Description

Property description for 61 Somerset Crescent, Richmond Hill

Bright, Sun Filled Home In The Prestigious Observatory Community. Surrounded By Multi Million Dollar Residences In The Heart Of Richmond Hill, This Exceptional Property Sits On A Premium 50 X 150 Ft Lot And Offers Over 3,700 Sq. Ft. Of Total Living Space With A Fully Finished Basement. This Home Boasts A Spacious And Functional Layout Perfect For Modern Family Living. Located Within The Bayview Secondary School Zone, Steps To Public Transit And Observatory Park, And Just Minutes To Hwy 404, Hwy 407, And Major Shopping Centres. Updated In 2026 With New Broadloom On Both Staircases, Throughout The Second Floor, And In The Basement, Fresh Paint Throughout, All New Light Fixtures, All New Electrical Outlets And Switches, New Eavestroughs, New Countertops, Faucets, And Sinks In The Bathrooms And Kitchen, Two New Sliding Doors At The Back Of The House, All New Second Floor Windows, A New Kitchen Stovetop, And New Flooring In The Ensuite Bathroom And Basement Kitchen. The Fireplace Chimney Was Also Cleaned And Inspected In 2026 With A WETT Inspection.

Listed by SUTTON GROUP REALTY SYSTEMS INC.

Property details

MLS #

N12927122
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

31-50
Pool

None
Drive

n/a
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
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 #

N12927122
Sq. Ft

2500-3000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

31-50
Pool

None
Drive

n/a
Garage

Attached, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
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

3.46 x 6.26 ft Ground level

Parquet Floor, Large Window
Family

3.46 x 5.45 ft Ground level

Parquet Floor, O/Looks Backyard, W/O To Garden
Dining

4.86 x 3.5 ft Ground level

Parquet Floor, Pot Lights, Large Window
Kitchen

3.65 x 6.8 ft Ground level

Tile Floor, Quartz Counter
Laundry

3.65 x 2.51 ft Ground level
Primary

5.61 x 3.53 ft 2nd level

Broadloom, W/I Closet, 3 Pc Ensuite
2nd Br

2.51 x 4.58 ft 2nd level

Broadloom, Closet, Window
3rd Br

3.54 x 3.28 ft 2nd level

Broadloom, Large Closet, Large Window
4th Br

3.56 x 3.56 ft 2nd level

Broadloom, Closet, Window
Rec

4.76 x 5.55 ft Bsmt level

Broadloom, Fireplace, Window
Kitchen

3.98 x 3.35 ft Bsmt level

Laminate
Dining

3.21 x 4.03 ft Bsmt level

Laminate
5th Br

3.54 x 5.04 ft Bsmt level

Broadloom, Closet, Window

Contact Manoj Kukreja

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

Estimated price

Date

Price

Change

2026-03-27

$1,558,295

1.97%

Local Real Estate Price Trends for Detached in Observatory

Active listings

Average Selling Price of a Detached

April 2026

$1,236,600

Last 3 Months

$1,887,533

Last 12 Months

$1,818,976

April 2025

$2,504,250

Last 3 Months LY

$2,396,127

Last 12 Months LY

$2,237,987

Change

-51%

Change

-21%

Change

-19%

Historical Average Selling Price of a Detached in Observatory

Average Selling Price

3 years ago

$1,992,960

Average Selling Price

5 years ago

$1,785,656

Average Selling Price

10 years ago

$1,420,000

Change

-38%

Change

-31%

Change

-13%

How many days Detached takes to sell (DOM)

April 2026

Last 3 Months

Last 12 Months

April 2025

Last 3 Months LY

Last 12 Months LY

Change

-72%

Change

-8%

Change

-21%

Average Selling price

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First time home buyer

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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.