$570,000

For sale

#1011 8501 Bayview Avenue, Richmond Hill (Doncrest) - Single Family for Sale

#1011 8501 Bayview Avenue, Richmond Hill (Doncrest), Ontario, L4B3J7

3 beds2 baths2 parking1,300 ft²$1,422/mo condo feeListed 20 days ago

Overview

This 3-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 1,300 sq ft of space. Listed at $570,000, it is attractively priced about 8% below the $618,000 median asking price in Richmond Hill. It has been on the market 20 days, fresher than the Richmond Hill average of 67 days.

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Description

Spacious approximately 1,215 sq. ft. suite featuring 2 owned underground parking spaces, 2 bedrooms, 2 full bathrooms and a versatile solarium. The desirable split-bedroom layout offers privacy, while the generous primary bedroom includes a walk-in closet and private ensuite. Enjoy an oversized balcony with separate walkouts from the second bedroom and solarium. Freshly painted, with an updated kitchen, stainless steel appliances and generous living and dining areas. The solarium provides flexible space for a home office, reading room or family room. Maintenance fees include heat, hydro, water, central air conditioning and cable TV. An excellent opportunity for buyers seeking generous interior space and the convenience of two parking spaces. (id:66096)

Property Details

MLS®: N14084492
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,422/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,591.9/yr
Listed: 20 days ago

Rooms

Main level

Living room: 5.08 x 3.35 meters
Dining room: 3.05 x 3.05 meters
Kitchen: 3.35 x 2.9 meters
Primary Bedroom: 4.57 x 3.35 meters
Bedroom 2: 3.96 x 2.82 meters
Solarium: 3.35 x 3.25 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings
Exterior: Concrete, Stucco
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Richmond Hill (Doncrest) listings, avg age

67d

Price / ft²

$439

List price

$570K

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.

Haho

This 3-bed single family in Richmond Hill (Doncrest) has been listed for 20 days, which is 47 days fresher than the city average of 67. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · JAWID DAVID AZIZI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4B)

This home lists at $570,000, about 5.9× the local median household income of $97,000.

Carrying it typically needs a household income of about $111,341 (20% down, 25-yr amortization, stress-tested) — roughly 15% above the area median.

Median household income: $97,000
Population: 36,080
Median age: 45.6
Owner / renter: 80% / 20%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L4B)

$570,000· $439/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $32,000.00

Min 5.61%50%

Mortgage payment$2,983/mo

↳ CMHC premium ($21,520 capitalized)

Property tax (est.)$216/mo

Condo fee$1,422/mo

Total monthly$4,621

Cash Needed to Close

Down payment (5.61%)$32,000

Land transfer tax$7,875

Est. closing costs$4,210

Total cash needed$44,085

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