For Lease
40 Wellspring Avenue BSMT Room #BSMT Room
Oak Ridges, Richmond Hill, ON
$1,050
1Bd
1Ba
< 700sqft
1Parking
DetachedMLS# N12954608Listed 2026-04-0386 DOM
Cooling
Central Air
Basement
Finished with Walk-Out
On the market for 86 days — longer than average. The seller may be open to negotiation.
About this home
Bright and well-maintained basement room with private ensuite bathroom and separate entrance. This unit offers a comfortable and functional living space, featuring a private bedroom and bathroom, with shared access to kitchen and laundry facilities. The room is fully furnished, including a bed, mattress, desk, chair and closet/storage space, making it move-in ready. Located in a quiet and convenient neighbourhood, close to public transit, shopping, and amenities. Ideal for a single professional or student seeking a clean, private, and affordable living space. Preferred Less Cooking. No smoking. One Parking Spot. All utilities and Wifi Included.
Rooms
Basement
| Living Room | 5.23 × 4.27 m | Hardwood Floor Open Concept Fireplace |
| Dining Room | 5.74 × 5.03 m | Hardwood Floor Open Concept Combined w/Living |
| Kitchen | 5.74 × 5.03 m | Granite Counters W/O To Patio Stainless Steel Appl |
| Bedroom | 4.19 × 3.00 m | Hardwood Floor Pot Lights Closet |
Features
- None
- Finished with Walk-Out
- Separate Entrance
- Central Air
- 2-Storey
Financials
Estimated Rental Income
Entire property$2,000 – $3,000/mo
Basement apartment$1,800 – $2,500/mo
Rental yield2285.7% – 3428.6%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Richmond Hill
Days on market86 days
Buyer's MarketSeller's Market
Based on active listings in Richmond Hill. Data updates daily.
Demographics — Richmond Hill
Population
202,022
Avg Household Income
$115,000
Age Distribution
0-19
20%
20-34
17%
35-49
22%
50-64
22%
65+
19%
Ownership81% own · 19% rent
EnglishMandarinCantoneseFarsiRussian
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Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
54
/ 100
Walk Score
Somewhat Walkable
45
/ 100
Transit Score
Some Transit
44
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.