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There are currently 8 for sale bungalow listings in South Richvale, Richmond Hill, Ontario with an average price of $3,178,250 CAD.

Listings:
8
Avg. Price:
$3,178,250
Map View
29 Westwood Lane, Richmond Hill, ON L4C 6X4 - Property 1
$1,745,000
29 Westwood Lane, Richmond Hill
6 bed • 4 bath • 14 parking
126 Spruce Avenue, Richmond Hill, ON L4C 6W1 - Property 1
$1,890,000
126 Spruce Avenue, Richmond Hill
4 bed • 3 bath • 8 parking
16 Boyle Drive, Richmond Hill, ON L4C 6C9 - Property 1
$3,498,000
16 Boyle Drive, Richmond Hill
4 bed • 4 bath • 10 parking
92 Westwood Lane, Richmond Hill, ON L4C 6Y2 - Property 1
$5,980,000
92 Westwood Lane, Richmond Hill
6 bed • 8 bath • 10 parking
63 Roosevelt Drive, Richmond Hill, ON L4C 6V2 - Property 1
$1,688,000
63 Roosevelt Drive, Richmond Hill
4 bed • 3 bath • 6 parking
23 Denham Drive, Richmond Hill, ON L4C 6H6 - Property 1
$4,500,000
23 Denham Drive, Richmond Hill
4 bed • 2 bath • 6 parking
78 Birch Avenue, Richmond Hill, ON L4C 6C6 - Property 1
$2,800,000
78 Birch Avenue, Richmond Hill
4 bed • 2 bath • 8 parking
12 Denham Drive, Richmond Hill, ON L4C 6J1 - Property 1
$6,380,000
12 Denham Drive, Richmond Hill
5 bed • 6 bath • 10 parking

South Richvale, Richmond Hill Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(23.1% SNR)
Median Sold (6M)
$1,825,000
-18.3% YoY
Avg. Days on Market
36 Days
6-month closed average
Sold (6M) / Active
3 / 13
Closed vs active inventory
6M / 2Y Price Change
-28.7% (6M)
2Y trend: -65.8%
Nov 26: Median $1,575,000 • 0 sold • 28 DOMHover or tap points to inspect monthly data
$1.40M$1.76M$2.13M$2.49M$2.85MDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

South Richvale, Richmond Hill Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$1,825,000336 days13
1 Year$2,102,500642 days13
3 Years$2,102,5001233 days13
5 Years$2,102,5001233 days13

Bungalow Living & Market Dynamics in South Richvale, Richmond Hill

The single-storey housing market in South Richvale, Richmond Hill currently offers 8 verified bungalow listings on the MLS®. As one of the most coveted property segments across Ontario, bungalows in South Richvale, Richmond Hill are distinguished by their generous lot frontages—typically spanning 50 to 70+ feet—mature tree canopies, and exceptional privacy compared to modern high-density subdivisions.

Buyers exploring South Richvale, Richmond Hill will find diverse single-storey architectural configurations: classic mid-century detached brick bungalows, raised bungalows featuring high above-grade windows that flood lower levels with natural light, modern executive bungalofts with ground-floor primary suites, and expansive split-level designs.

Average Prices by Bedroom in South Richvale, Richmond Hill

BedroomsAvg. PriceActive Listings
3 Beds$2,414,5004
4 Beds$2,875,2005
5+ Beds$4,701,6673

South Richvale, Richmond Hill Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Based on active MLS® real estate data, the benchmark average price for a detached bungalow in South Richvale, Richmond Hill is currently $3.2M. Entry-level bungalows start around $1.6M, presenting accessible opportunities for first-time buyers, downsizers, or renovation enthusiasts seeking solid structural footprints. At the upper tier, luxury custom bungalows and executive estates on premium mature lots command up to $6.4M.

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.

The average listing price for a bungalow in South Richvale is currently $3.2M, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.