516 Lynett Crescent, Richmond Hill, ON L4C 2V9
Crosby, Richmond Hill · Near Bayview/Elgin Mills · View map
About this home
Exceptional Three-Unit Detached Property Situated in the highly desirable Crosby community of central Richmond Hill, this unique property sits on a generous 50 x 100 ft lot and offers an exceptional opportunity for investors or multi-generational families seeking additional rental income.Featuring three self-contained living units, each with its own private kitchen, bathroom, and laundry facilities, this property offers excellent rental income potential and outstanding flexibility.The main house offers 3+2 bedrooms & 2 bathrooms, while the detached garage behind features a separate Coach House above, providing a third independent rental unit complete with its own heating system, 60 amps electrical Panel, kitchen, bathroom, and laundry facilities.The property also features a 1.5-car garage, offering parking for one vehicle plus additional storage space. Conveniently located close to Highway 404, schools, parks, shopping centres, Asian supermarkets, banks, restaurants, community centres, hospital, GO Train station, and public transit, providing exceptional convenience for everyday living.Located within the highly Ranked Bayview S.S district.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 4
- Basement bedrooms
- 2
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 12
- Basement
- Separate Entrance, Apartment
- Lot size
- 50 x 100 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 4
- Total parking
- 6
Taxes & other
- Property taxes
- $5,793/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- 90-120 TBA
- Cross street
- Bayview/Elgin Mills
- Neighbourhood
- Crosby
More
- Price per sq ft
- ~$962 (at 1,300 sq ft)
- MLS® number
- N14149848
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The home and its surroundings
- Carpet Free
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
516 Lynett Crescent, Richmond Hill, ON L4C 2V9
Crosby, Richmond Hill · Near Bayview/Elgin Mills
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Listing history for 516 Lynett Crescent
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Similar bungalows nearby
More bungalow-style homes for sale near Crosby, picked by style, size and price.
Bungalow$998,000525 Lynett Crescent, Richmond Hill3+3 bed · 2 bath · CrosbyCourtesy of: ZOLO REALTYView home →
Bungalow$1,280,000100 Rockport Crescent, Richmond Hill3+2 bed · 2 bath · CrosbyCourtesy of: RE/MAX NOBLECORP REAL ESTATEView home →
Bungalow$1,299,99964 Cartier Crescent, Richmond Hill3+2 bed · 2 bath · CrosbyCourtesy of: CENTURY 21 ATRIA REALTY INC.View home →
Bungalow$1,190,00034 Gentry Crescent, Richmond Hill3+2 bed · 2 bath · CrosbyCourtesy of: HOMELIFE LANDMARK REALTY INC.View home →
Bungalow$1,049,000368 Balkan Road, Richmond Hill3+1 bed · 3 bath · CrosbyCourtesy of: ROYAL LEPAGE PEACELAND GRACE HUANG REALTYView home →
Semi-detached bungalow$939,000241 Ashlar Road, Richmond Hill3+2 bed · 2 bath · CrosbyCourtesy of: RE/MAX WEST REALTY INC.View home →
Bungalow$938,00010676 Bayview Avenue, Richmond Hill3+1 bed · 3 bath · CrosbyCourtesy of: JDL REALTY INC.View home →
Semi-detached bungalow$899,999230 Blue Grass Boulevard, Richmond Hill3+3 bed · 2 bath · CrosbyCourtesy of: RE/MAX EXPERTSView home →Frequently asked questions about 516 Lynett Crescent
Answers come straight from this home’s MLS® listing.
How much is 516 Lynett Crescent listed for, and what would it cost each month?
516 Lynett Crescent is listed for $1,250,000. With 20% down ($250,000), the mortgage payment would be roughly $5,042 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,525 a month, all in. That figure is an illustration, not a quote.
Is 516 Lynett Crescent freehold or a condo, and is there a monthly fee?
516 Lynett Crescent is a bungalow in Crosby, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 516 Lynett Crescent have?
516 Lynett Crescent has 4 bedrooms, plus 2 more bedrooms in the basement, and 3 bathrooms.
Does 516 Lynett Crescent have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 4 spaces. In total the listing counts 6 parking spaces.
Does 516 Lynett Crescent have a finished basement?
The listing describes the basement as separate entrance, apartment. It counts 2 bedrooms on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 516 Lynett Crescent?
516 Lynett Crescent is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 516 Lynett Crescent, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 100 ft.
How is 516 Lynett Crescent heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 516 Lynett Crescent?
Property taxes are $5,793 a year (2026), or about $483 a month.
Where is 516 Lynett Crescent?
516 Lynett Crescent is in the Crosby community of Richmond Hill. The nearest main intersection is Bayview/Elgin Mills. The postal code is L4C 2V9.
Is 516 Lynett Crescent still for sale?
Yes. It is an active listing (MLS® N14149848). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 516 Lynett Crescent asking?
Similar bungalow-style homes for sale nearby right now include 525 Lynett Crescent at $998,000 (3+3 bed), 100 Rockport Crescent at $1,280,000 (3+2 bed) and 64 Cartier Crescent at $1,299,999 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 516 Lynett Crescent sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 516 Lynett Crescent?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: RE/MAX EXCEL REALTY LTD.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.