There are currently 2 for rent bungalow listings in Oak Ridges, Richmond Hill, Ontario with an average price of $2,670 CAD.
- Listings:
- 2
- Avg. Price:
- $2,670
Bungalows for Rent in Oak Ridges, Richmond Hill, 2 Listings
Oak Ridges, Richmond Hill Bungalow Market Trends & Statistics
Verified MLS® bungalow pricing, sales velocity, and historical inventory data.
Oak Ridges, Richmond Hill Historical Bungalow Market Breakdown
| Timeframe | Median Sold Price | Bungalows Sold | Avg. Days on Market | Active Inventory |
|---|---|---|---|---|
| 6 Months | $1,275,000 | 13 | 47 days | 14 |
| 1 Year | $1,302,500 | 14 | 49 days | 14 |
| 3 Years | $1,350,000 | 26 | 36 days | 14 |
| 5 Years | $1,350,000 | 26 | 36 days | 14 |
Bungalow Rental Market Dynamics in Oak Ridges, Richmond Hill
The bungalow rental market in Oak Ridges, Richmond Hill currently features 2 verified single-storey lease listings on the MLS®. Offering tenants private fenced yards, multi-car driveways, and expansive single-level living without condo maintenance fees, detached bungalows in Oak Ridges, Richmond Hill provide exceptional comfort and privacy.
Prospective tenants in Oak Ridges, Richmond Hill can choose from traditional detached brick bungalows, raised bungalows with bright above-grade lower levels, and modern bungalofts featuring main-floor primary suites.
Average Prices by Bedroom in Oak Ridges, Richmond Hill
| Bedrooms | Avg. Price | Active Listings |
|---|---|---|
| 3 Beds | $2,670 | 2 |
Oak Ridges, Richmond Hill Bungalow Pricing: Entry, Benchmark & Luxury Tiers
Understanding current rental rates in Oak Ridges, Richmond Hill is essential for competitive lease applications. Active MLS® inventory shows entry-level bungalow rentals starting at $2K, while renovated full-home properties and executive bungalows lease for up to $3K. The average bungalow rental in Oak Ridges, Richmond Hill currently commands approximately $3K per month.
Because land value represents the overwhelming majority of a bungalow's total equity in Oak Ridges, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.
Secondary Suites, ADUs & Investment Potential in Oak Ridges, Richmond Hill
Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Oak Ridges, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Oak Ridges, Richmond Hill can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).
This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Oak Ridges, Richmond Hill exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.
Accessibility, Aging-in-Place & Downsizer Demand in Oak Ridges, Richmond Hill
With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Oak Ridges, Richmond Hill deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Oak Ridges, Richmond Hill represents a secure lifestyle and real estate investment.
Frequently Asked Questions
Everything you need to know about bungalows in Oak Ridges, Richmond Hill.