240 Elka Drive: Richmond Hill: Where Roots Take Hold
Richmond Hill real estate reaches new heights at 240 Elka Drive. This renovated semi-detached bungalow sits in Crosby, one of Richmond Hill’s most desired family neighbourhoods.
Why does this address attract smart buyers? Location defines everything in Richmond Hill.
Richmond Hill Real Estate: Why This City Dominates GTA Markets
Richmond Hill attracts families, professionals, and investors for compelling reasons. Population reaches 202,022 with 3.6% growth since 2016, demonstrating sustained demand for Richmond Hill housing.
School test scores in Richmond Hill are 15% higher than the national average. Education quality drives Richmond Hill homes values upward year after year.
The city offers proximity to Toronto without downtown costs. GO Transit connects Richmond Hill to Union Station in 45 minutes. Highway 404 and Highway 407 provide direct access to major employment centers.
In Richmond Hill 32.25% of the population is Chinese, creating diverse communities where international families thrive. Cultural amenities include Asian markets, restaurants, and community centers throughout the city.
Crosby Neighbourhood: Elite Richmond Hill Zone
240 Elka Drive calls Crosby home. This neighbourhood represents Richmond Hill at its finest.
Homes list for an average of $1,301,603 in Crosby, reflecting premium positioning within Richmond Hill real estate markets. An estimated monthly mortgage of $4,750 is normal for Crosby properties.
This property is conveniently located near the intersection of Steeles Ave and Bayview Ave. Major arteries provide seamless connectivity to employment hubs across the GTA.
Tree-lined streets characterize Crosby’s residential appeal. Mature neighborhoods feature established homes with character and charm. Richmond Hill real estate investors recognize Crosby’s stability and growth potential.
240 Elka Drive: Thoughtfully Renovated Richmond Hill Real Estate
This thoughtfully renovated 3-bedroom semi-detached bungalow maximizes space and functionality. Smart buyers appreciate move-in ready properties in competitive Richmond Hill real estate markets.
Semi-detached bungalows offer unique advantages. Single-level living appeals to growing families and downsizing professionals. Lower maintenance costs compared to detached homes stretch household budgets further.
The renovation approach balances modern updates with neighborhood character. Updated kitchens and bathrooms meet contemporary standards while preserving Richmond Hill real estate charm.
Property Highlights:
Three bedrooms accommodate families comfortably. Open-concept living areas maximize available space. Updated systems reduce future maintenance concerns.
Richmond Hill Investment Potential
Richmond Hill delivers consistent appreciation over time. Strategic location between Toronto and York Region drives sustained demand.
Employment growth in Markham and Vaughan benefits Richmond Hill real estate values. Technology companies expand throughout York Region, creating high-paying jobs for local residents.
Infrastructure investments enhance Richmond Hill’s appeal. The Yonge North Subway Extension will connect Richmond Hill to Toronto’s subway system by 2030. Transit improvements typically boost Richmond Hill real estate values by 10-15%.
Population growth continues as families choose Richmond Hill for quality schools and safe neighborhoods. 88.2% of people in Richmond Hill have completed high school, attracting educated professionals who value Richmond Hill real estate stability.
Schools Drive Richmond Hill Real Estate Demand
Education excellence defines Richmond Hill’s reputation. Top-rated elementary and secondary schools attract families willing to pay premium prices for Richmond Hill real estate.
There are approximately 161 public schools in Richmond Hill. Choice abundance lets families find programs matching their children’s needs and interests.
Richmond Hill High School offers specialized programs including Advanced Placement courses. Private schools supplement public options for families seeking alternative educational approaches.
University preparation programs achieve outstanding results. Richmond Hill graduates attend top Canadian and international universities at rates exceeding provincial averages.
Transportation Advantages in Richmond Hill Real Estate
Strategic location makes Richmond Hill real estate attractive to commuters. Multiple transportation options serve residents working throughout the GTA.
GO Transit Richmond Hill line connects to Union Station downtown Toronto. Express buses serve major employment centers including Markham, Vaughan, and North York.
Highway access includes 404, 407, and nearby 401. Professional commuters reach any GTA destination within reasonable time frames from Richmond Hill real estate locations.
YRT local transit serves neighborhoods throughout Richmond Hill. Students, seniors, and non-drivers access shopping, services, and recreational facilities using public transportation.
Cultural Diversity Enhances Richmond Hill Real Estate Appeal
Richmond Hill celebrates multiculturalism through festivals, markets, and community events. In Richmond Hill 12.71% of the population is West Asian and 8.74% of the population is South Asian.
International cuisine thrives throughout Richmond Hill. Asian restaurants, Middle Eastern markets, and European bakeries serve diverse tastes and preferences.
Religious institutions serve various faiths and denominations. Cultural centers offer language classes, traditional arts, and community gathering spaces.
This diversity attracts international buyers seeking familiar communities. Richmond Hill real estate benefits from global demand and cultural connections spanning continents.
Recreation and Lifestyle in Richmond Hill
Richmond Hill offers outstanding recreational facilities supporting active lifestyles. Community centers, sports facilities, and parks enhance Richmond Hill’s desirability.
Richmond Green Sports Centre provides swimming, skating, and fitness facilities. Tennis courts, baseball diamonds, and soccer fields serve organized sports leagues and casual recreation.
Conservation areas including Rouge Park offer hiking trails and natural spaces. Oak Ridges Moraine provides pristine wilderness minutes from Richmond Hill real estate developments.
Shopping destinations include Richmond Hill Centre and Hillcrest Mall. Premium retailers, restaurants, and services meet daily needs without traveling to Toronto.
Future Growth Projections for Richmond Hill
Development plans position Richmond Hill for continued expansion. Official plans balance growth with neighbourhood character preservation.
The Richmond Hill Centre Secondary Plan creates higher-density development around GO Transit stations. Mixed-use projects will combine residential, commercial, and office space in walkable communities.
Yonge Street corridor intensification adds thousands of new units over the next decade. Transit-oriented development reduces car dependency while supporting Richmond Hill real estate values.
Employment growth in adjacent municipalities benefits Richmond Hill residents. Markham’s technology sector and Vaughan’s corporate headquarters create high-paying jobs for Richmond Hill home owners.
Your Richmond Hill Journey Starts Here
240 Elka Drive represents quality Richmond Hill housing in an established neighbourhood. Crosby’s reputation, school access, and transportation convenience create lasting value.
Richmond Hill housing market rewards patient buyers who recognize long-term trends. Population growth, employment expansion, and infrastructure investment support sustained appreciation.
Ready to explore Richmond Hill opportunities? Professional guidance helps navigate competitive markets and complex transactions.
For expert insights on home value, market trends, selling strategies, staging advice, negotiating tips and real estate videos, visit LifestyleVideos.com to browse properties, real estate videos, neighbourhoods insights, real estate market trends, and connect with local agents.
See more family-friendly living. Watch “Room to Grow” and tour a spacious 3-bed, 2-bath condo and its neighbourhood — streaming now.







