$550,000

For sale

#502 9471 Yonge Street, Richmond Hill (Observatory) - Single Family for Sale

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

2 beds2 baths1 parking650 ft²$654/mo condo feeListed 26 days ago

Overview

This 2-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 650 sq ft of space. Listed at $550,000, it is attractively priced about 14% below the $638,000 median asking price in Richmond Hill. It has been on the market 26 days, fresher than the Richmond Hill average of 46 days.

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Description

Welcome to this beautifully maintained 1 bedroom plus den with two full bathrooms suite in the heart of Richmond Hill, featuring soaring 9 ft ceilings, a functional open concept layout, and desirable south exposure overlooking a quiet interior courtyard. The expansive 164 sq ft balcony is custom tiled, with ample space for outdoor lounge and dining furniture, creating an inviting extension of the indoor living area. The versatile den offers the potential to been closed as a separate bedroom, providing added flexibility to suit your needs. Freshly painted, cleaned, and move-in ready! Enjoy exceptional convenience with Hillcrest Mall directly across the street and both T&T Supermarket and No Frills nearby. Situated along the vibrant Yonge Street corridor, with easy access to public transit, shopping, restaurants, and lots of condo amenities (gym, sauna, party & dining room, media room, two rooftop terraces, 24 hr concierge, etc.). Located in the North Tower, residents benefit from a dedicated building exit to the Observatory lane and convenient proximity to the parking garage entrance. An excellent opportunity to enjoy comfortable condo living with generous outdoor space in one of Richmond Hill's most convenient locations! (id:66096)

Property Details

MLS®: N13880920
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $654/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,652.77/yr
Listed: 26 days ago

Rooms

Flat

Living room: 5.13 x 3.15 meters
Dining room: 5.13 x 3.15 meters
Kitchen: 3.05 x 3.15 meters
Primary Bedroom: 3.35 x 3.05 meters
Den: 2.39 x 1.93 meters

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

Features

Appliances: Water meter
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

26d

Richmond Hill (Observatory) listings, avg age

46d

Price / ft²

$847

List price

$550K

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 (Observatory) has been listed for 26 days, which is 20 days fresher than the city average of 46. Act while there is still low competition.

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Listed by ROYAL LEPAGE TERREQUITY PLATINUM REALTY · CATHY KIM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $550,000, about 6.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 25% 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)

$550,000· $847/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$221/mo

Condo fee$654/mo

Total monthly$3,758

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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