$525,000

For sale

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#209 33 Weldrick Road East, Richmond Hill (Observatory) - Single Family for Sale

#209 33 Weldrick Road East, Richmond Hill (Observatory), Ontario, L4C8W4

3 beds2 baths2 parking ft²

#613 75 Weldrick Road East, Richmond Hill (Observatory), Ontario, L4C0H9

3 bd2 ba1 pk1,100 ft²+$380/mo

Listed by HOMELIFE LANDMARK REALTY INC.

#109 75 Weldrick Road East, Richmond Hill (Observatory), Ontario, L4C0H9

For salePrice drop

25 days ago

$630K$670K

↓ $40K (6%) price drop

#109 75 Weldrick Road East, Richmond Hill (Observatory), Ontario, L4C0H9

3 bd2 ba1 pk1,300 ft²+$380/mo

Listed by Royal LePage Meadowtowne Realty Inc., Brokerage

#502 9471 Yonge Street, Richmond Hill (Observatory), Ontario, L4C0Z5

For sale

26 days ago

$550K

#502 9471 Yonge Street, Richmond Hill (Observatory), Ontario, L4C0Z5

2 bd2 ba1 pk650 ft²+$654/mo

Listed by ROYAL LEPAGE TERREQUITY PLATINUM REALTY

#10 23 Observatory Lane, Richmond Hill (Observatory), Ontario, L4C0M7

For sale

30 days ago

$769K

#10 23 Observatory Lane, Richmond Hill (Observatory), Ontario, L4C0M7

2 bd2 ba2 pk1,300 ft²+$445/mo

Listed by UPPERSIDE REAL ESTATE LIMITED

Investment analysis

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$525,000

Richmond Hill

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Overview

This 3-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 1,100 sq ft of space. Listed at $525,000, it is attractively priced about 18% below the $638,000 median asking price in Richmond Hill. It has been on the market 27 days, fresher than the Richmond Hill average of 46 days.

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

Description

Spacious and bright two bedroom suite in one of Richmond Hill's most desirable buildings. Almost 1200 st ft of living space, perfect for the smart sizer. Tastefully renovated and immaculately kept, pride of ownership is evident. Great amenities, well managed building, steps to transit, shopping, and all amenities. Minutes to highways and Hillcrest Mall. Includes 2 parking spots. Ample visitor parking under ground and on main floor. (id:66096)

Property Details

MLS®: N13880158
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,313/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,980.15/yr
Listed: 27 days ago

Market Timing

Days on market

27d

Richmond Hill (Observatory) listings, avg age

46d

Price / ft²

$477

List price

$525K

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 $525,000, about 6.1× the local median household income of $86,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$525,000· $477/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$248/mo

Condo fee$1,313/mo

Total monthly$4,319

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$6,975

Est. closing costs$4,075

Total cash needed$38,550

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

#209 33 Weldrick Road East, Richmond Hill (Observatory) - Single Family for Sale

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