$499,000

For sale

#217 370 Highway 7 East, Richmond Hill (Doncrest) - Single Family for Sale

#217 370 Highway 7 East, Richmond Hill (Doncrest), Ontario, L4B0C4

2 beds1 bath1 parking650 ft²$622/mo condo feeListed 34 days ago

Overview

This 2-bedroom, 1-bathroom condo in Richmond Hill is for sale offering roughly 650 sq ft of space. Listed at $499,000, it is attractively priced about 19% below the $618,000 median asking price in Richmond Hill. It has been on the market 34 days, fresher than the Richmond Hill average of 67 days.

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Description

FULLY RENOVATED IN 2023 - MOVE-IN READY! Bright & Functional 1 Bedroom + Den (~650 Sqft) In Coveted Doncrest. Freshly Painted, Brand-New Kitchen Cabinets, New Stainless Steel Appliances, New Granite Countertops, New Bathroom Vanity/Sink & Wall Cabinet, And New Laminate Flooring Throughout - All Completed In 2023. Open-Concept Living/Dining With Large West-Facing Windows & Walk-Out To Open Balcony. Versatile Den (Separate Room) Ideal As 2nd Bedroom Or Home Office. Good-Sized Primary Bedroom With Walk-In Closet. 1 Underground Parking (#106) + 1 Owned Locker Included. Maintenance ($622/Mo) Covers Heat, Water, Building Insurance & Parking. Steps To Viva, Plazas, Supermarkets, Restaurants & Banks; Minutes To GO Transit & Hwys 404/407. Excellent School Zone (Doncrest, Thornlea, Bayview). Great For Self-Use & Investment - Must See! (id:66096)

Property Details

MLS®: N13848810
Property Type: Single Family
Zoning: Apartment
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $622/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,325.92/yr
Listed: 34 days ago

Rooms

Ground level

Living room: 4.57 x 3.05 meters
Kitchen: 4.57 x 3.05 meters
Primary Bedroom: 3.81 x 2.95 meters
Den: 2.27 x 2.49 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
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Richmond Hill (Doncrest) listings, avg age

67d

Price / ft²

$768

List price

$499K

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 (Doncrest) has been listed for 34 days, which is 33 days fresher than the city average of 67. Act while there is still low competition.

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Listed by AIMHOME REALTY INC. · GRACE GAO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4B)

This home lists at $499,000, about 5.1× the local median household income of $97,000.

Carrying it typically needs a household income of about $97,472 (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)

$499,000· $768/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$194/mo

Condo fee$622/mo

Total monthly$3,444

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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