There are currently 2 for rent bungalow listings in South Richvale, Richmond Hill, Ontario with an average price of $2,200 CAD.
- Listings:
- 2
- Avg. Price:
- $2,200
Bungalows for Rent in South Richvale, Richmond Hill, 2 Listings
South Richvale, Richmond Hill Bungalow Market Trends & Statistics
Verified MLS® bungalow pricing, sales velocity, and historical inventory data.
South Richvale, Richmond Hill Historical Bungalow Market Breakdown
| Timeframe | Median Sold Price | Bungalows Sold | Avg. Days on Market | Active Inventory |
|---|---|---|---|---|
| 6 Months | $1,825,000 | 3 | 36 days | 13 |
| 1 Year | $2,102,500 | 6 | 42 days | 13 |
| 3 Years | $2,102,500 | 12 | 33 days | 13 |
| 5 Years | $2,102,500 | 12 | 33 days | 13 |
Bungalow Rental Market Dynamics in South Richvale, Richmond Hill
The bungalow rental market in South Richvale, 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 South Richvale, Richmond Hill provide exceptional comfort and privacy.
Prospective tenants in South Richvale, 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 South Richvale, Richmond Hill
| Bedrooms | Avg. Price | Active Listings |
|---|---|---|
| 2 Beds | $2,200 | 1 |
South Richvale, Richmond Hill Bungalow Pricing: Entry, Benchmark & Luxury Tiers
Understanding current rental rates in South Richvale, Richmond Hill is essential for competitive lease applications. Active MLS® inventory shows entry-level bungalow rentals starting at $1K, while renovated full-home properties and executive bungalows lease for up to $2K. The average bungalow rental in South Richvale, Richmond Hill currently commands approximately $2K per month.
Because land value represents the overwhelming majority of a bungalow's total equity in South Richvale, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.
Secondary Suites, ADUs & Investment Potential in South Richvale, Richmond Hill
Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in South Richvale, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in South Richvale, 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 South Richvale, 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 South Richvale, Richmond Hill
With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in South Richvale, 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 South Richvale, Richmond Hill represents a secure lifestyle and real estate investment.
Frequently Asked Questions
Everything you need to know about bungalows in South Richvale, Richmond Hill.