$498,000

For sale

#1502W 3 Rosewater Street, Richmond Hill (South Richvale) - Single Family for Sale

#1502W 3 Rosewater Street, Richmond Hill (South Richvale), Ontario, L4C5T6

2 beds2 baths1 parking750 ft²$770/mo condo feeListed 29 days ago

Overview

This 2-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 750 sq ft of space. Listed at $498,000, it is attractively priced about 19% below the $618,000 median asking price in Richmond Hill. It has been on the market 29 days, fresher than the Richmond Hill average of 62 days.

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Description

Steps from the New Subway Station of the upcoming Yonge North Subway Extension, providing a fantastic opportunity for future appreciation, this prime corner suite in the heart of Richmond Hill features a stunning, sunlit 2-bedroom, 2-bathroom layout with unobstructed views and a practical split-bedroom design for maximum privacy. The open-concept living and dining areas showcase 9-foot smooth-finished ceilings, oversized floor-to-ceiling windows, and wide-plank light flooring, complemented by a modern kitchen equipped with quartz countertops, a stylish backsplash, and a functional center island with a breakfast bar. Additional highlights include a private open balcony, a generous secondary bathroom, in-suite laundry, an owned parking space, and an owned locker, all set in an unbeatable location just steps from local transit, Langstaff GO Station, Cineplex Plaza, shopping, restaurants, Walmart, LCBO, and top-rated schools. (id:66096)

Property Details

MLS®: N13867030
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $770/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,880.79/yr
Listed: 29 days ago

Rooms

Main level

Living room: 7.09 x 3.35 meters
Dining room: 7.09 x 3.35 meters
Kitchen: 7.09 x 3.35 meters
Primary Bedroom: 3.05 x 2.9 meters
Bedroom 2: 3.05 x 2.74 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, Microwave, Hood Fan, Blinds, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Richmond Hill (South Richvale) listings, avg age

62d

Price / ft²

$664

List price

$498K

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 2-bed single family in Richmond Hill (South Richvale) has been listed for 29 days, which is 33 days fresher than the city average of 62. Act while there is still low competition.

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Listed by RE/MAX EXCEL REALTY LTD. · ERIC KUI CHI HO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $498,000, about 5.8× the local median household income of $86,000.

Carrying it typically needs a household income of about $97,277 (20% down, 25-yr amortization, stress-tested) — roughly 13% 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)

$498,000· $664/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,900

Min 5%50%

Mortgage payment$2,623/mo

↳ CMHC premium ($18,924 capitalized)

Property tax (est.)$240/mo

Condo fee$770/mo

Total monthly$3,633

Cash Needed to Close

Down payment (5%)$24,900

Land transfer tax$6,435

Est. closing costs$3,994

Total cash needed$35,329

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