$1,699,000

For sale

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25 Cygnus Drive, Richmond Hill (Observatory) - Single Family for Sale

25 Cygnus Drive, Richmond Hill (Observatory), Ontario, L4C8P1

6 beds4 baths5 parking ft²

51 Meteorite Street, Richmond Hill (Observatory), Ontario, L4C4L9

4 bd5 ba5 pk4,250 ft²Lot size 39 × 108 ft (4,225 sq ft)

Listed by CENTURY 21 LANDUNION REALTY INC.

181 Milky Way Drive, Richmond Hill (Observatory), Ontario, L4C5H3

For sale

25 days ago

$2.60M

181 Milky Way Drive, Richmond Hill (Observatory), Ontario, L4C5H3

5 bd6 ba4 pk4,250 ft²Lot size 45 × 98 ft (4,428 sq ft)

Listed by RE/MAX EXCEL REALTY LTD.

164 Milky Way Drive, Richmond Hill (Observatory), Ontario, L4C4Y3

For sale

28 days ago

$2.70M

164 Milky Way Drive, Richmond Hill (Observatory), Ontario, L4C4Y3

5 bd6 ba5 pk4,250 ft²Lot size 45 × 99 ft (4,433 sq ft)

Listed by RE/MAX REALTRON REALTY INC.

43 Berwick Crescent, Richmond Hill (Observatory), Ontario, L4C0B8

For sale

28 days ago

$1.30M

43 Berwick Crescent, Richmond Hill (Observatory), Ontario, L4C0B8

5 bd4 ba6 pk2,250 ft²Lot size 33 × 110 ft (3,605 sq ft)

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

Investment analysis

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$1,699,000

Richmond Hill

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Overview

This 6-bedroom, 4-bathroom home in Richmond Hill is for sale offering roughly 2,750 sq ft of space. Listed at $1,699,000, it is attractively priced about 10% below the $1,890,000 median asking price in Richmond Hill. It has been on the market 16 days, fresher than the Richmond Hill average of 46 days.

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Description

Beautiful Executive 4 Bedroom Family Home Located In Prime Richmond Hill. Approximately 4235Sq Ft Of Living Space. Sun-Filled Foyer With Soaring Ceiling & Large Skylight. Custom Burnished Venetian Wall Treatment In All Principal Rms. Gracious Living Rm & Formal Dining. Bright Family Rm & Eat-In Kit With Walk-Outs To Oversize Glass Framed Deck. Spacious Recreation Rm With Walk-Out To Patio. Easy Access To Amenities, Schools & Transit. Main floor office is a must these days. The property is located within the Bayview Secondary School attendance boundary. (id:66096)

Property Details

MLS®: N14093742
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 4
Half Baths: 1
Parking: 5
Interior Size: 2,750 ft²
Lot Size: 53 × 120 ft (6,359 sq ft)
Frontage: 52 ft
Storeys: 2
Basement: Finished, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $8,520/yr
Listed: 16 days ago

Rooms

Second level

Bedroom 4: 4.46 x 3.48 meters
Primary Bedroom: 5.49 x 3.66 meters
Bedroom 2: 3.99 x 3.33 meters
Bedroom 3: 3.99 x 3.49 meters

Lower level

Recreational, Games room: 10.49 x 3.86 meters
Bedroom 5: 4.39 x 3.38 meters

Main level

Foyer: 3.95 x 2.51 meters
Living room: 5.11 x 3.5 meters
Dining room: 3.99 x 3.73 meters
Kitchen: 5.16 x 3.35 meters
Family room: 5.38 x 3.94 meters
Study: 3.68 x 3.05 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

16d

Richmond Hill (Observatory) listings, avg age

46d

Price / ft²

$618

List price

$1.70M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (L4C)

This home lists at $1,699,000, about 19.8× the local median household income of $86,000.

Carrying it typically needs a household income of about $331,874 (20% down, 25-yr amortization, stress-tested) — roughly 286% above the area median.

Median household income: $86,000
Population: 74,636
Median age: 46
Owner / renter: 70% / 30%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L4C)

$1,699,000· $618/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $339,800

Min 20%50%

Mortgage payment$7,246/mo

Property tax (est.)$710/mo

Total monthly$7,956

Cash Needed to Close

Down payment (20%)$339,800

Land transfer tax$30,455

Est. closing costs$7,597

Total cash needed$377,852

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

25 Cygnus Drive, Richmond Hill (Observatory) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

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Market Timing

Location

Nearby Places

Neighbourhood profile (L4C)

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Full Cost Breakdown