$488,000

For sale

#207E 8868 Yonge Street, Richmond Hill (South Richvale) - Single Family for Sale

#207E 8868 Yonge Street, Richmond Hill (South Richvale), Ontario, L4C1Z8

2 beds1 bath1 parking550 ft²$615/mo condo feeListed 31 days ago

Overview

This 2-bedroom, 1-bathroom condo in Richmond Hill is for sale offering roughly 550 sq ft of space. Listed at $488,000, it is attractively priced about 21% below the $618,000 median asking price in Richmond Hill. It has been on the market 31 days, fresher than the Richmond Hill average of 63 days.

Condos for Sale in Richmond Hill →All real estate in Richmond Hill →

Description

Rare Opportunity To Invest At Westwood Gardens At The Heart Of Richmond Hill! This 572 SqFt. One Bedroom Plus Den, One Bathroom Condo Offers A Spacious, Open-Concept Layout With 9-Foot Smooth Ceilings And Floor-To-Ceiling Windows That Provide Abundant Natural Light. The Building Features State-Of-The-Art Amenities, Including A Fitness Center, Yoga Studio, Sauna, Sports Court, Rooftop Terrace, And EV Charging Stations. Families Will Appreciate The Excellent Local School Catchment, Which Includes The Highly Ranked St. Theresa Of Lisieux Catholic High School. Situated In The Core Of The City, The Unit Is Highly Walkable, Positioned Just Steps Away From Supermarkets, Restaurants, Cinemas, And The Langstaff GO Station. (id:66096)

Property Details

MLS®: N13866686
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $615/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,311/yr
Listed: 31 days ago

Rooms

Main level

Living room: 3.05 x 3.05 meters
Dining room: 3.05 x 3.05 meters
Kitchen: 3.05 x 2.7 meters
Primary Bedroom: 3.05 x 2.59 meters
Den: 1.82 x 1.82 meters

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

Features

Appliances: Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Richmond Hill (South Richvale) listings, avg age

63d

Price / ft²

$888

List price

$488K

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 31 days, which is 32 days fresher than the city average of 63. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · ISAAC HSIEH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $488,000, about 5.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $95,323 (20% down, 25-yr amortization, stress-tested) — roughly 11% 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)

$488,000· $888/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,400

Min 5%50%

Mortgage payment$2,570/mo

↳ CMHC premium ($18,544 capitalized)

Property tax (est.)$193/mo

Condo fee$615/mo

Total monthly$3,378

Cash Needed to Close

Down payment (5%)$24,400

Land transfer tax$6,235

Est. closing costs$3,964

Total cash needed$34,599

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