$398,000

$428,000For salePrice drop↓ $30,000 (7%)

#216 372 Highway 7 East Highway, Richmond Hill (Doncrest) - Single Family for Sale

#216 372 Highway 7 East Highway, Richmond Hill (Doncrest), Ontario, L4B0C6

1 bed1 bath1 parking550 ft²$417/mo condo feeListed 20 days ago

Overview

This 1-bedroom, 1-bathroom condo in Richmond Hill is for sale offering roughly 550 sq ft of space. Listed at $398,000, it is attractively priced about 36% 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

Welcome to modern luxury & prime convenience at Royal Gardens Condominiums. Situated in a well managed building with low maintenance fees, this bright unit features a functional open concept layout filled with natural light. The kitchen boasts stylish finishes and ample cabinetry, opening to a spacious living/dining area. Enjoy peace of mind with a 1 year new washer and dryer. Unbeatable location steps to Viva/YRT transit, top rated restaurants, supermarkets, plazas, and quick access to Hwy 404/407. Amenities include concierge, gym, golf sim, party room, visitor parking & more. Move in ready. (id:66096)

Property Details

MLS®: N14084752
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 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: $417/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,067.48/yr
Listed: 20 days ago

Rooms

Flat

Living room: 6.65 x 3.05 meters
Dining room: 6.65 x 3.05 meters
Kitchen: 6.65 x 3.05 meters
Bedroom: 3.96 x 3.05 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, Window Coverings
Flooring: Laminate
Foundation: Poured Concrete
Exterior: Concrete
Lot Features: Elevator, Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Richmond Hill (Doncrest) listings, avg age

67d

Price / ft²

$724

List price

$398K

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 1-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 INTERNATIONAL REALTY FIRM, INC. · JUSTIN CHU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4B)

This home lists at $398,000, about 4.1× the local median household income of $97,000.

Carrying it typically needs a household income of about $77,743 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$398,000· $724/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,900

Min 5%50%

Mortgage payment$2,096/mo

↳ CMHC premium ($15,124 capitalized)

Property tax (est.)$172/mo

Condo fee$417/mo

Total monthly$2,685

Cash Needed to Close

Down payment (5%)$19,900

Land transfer tax$4,445

Est. closing costs$3,694

Total cash needed$28,039

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