$400,000

For sale

#507 10376 Yonge Street, Richmond Hill (Mill Pond) - Single Family for Sale

#507 10376 Yonge Street, Richmond Hill (Mill Pond), Ontario, L4C3B8

1 bed1 bath1 parking250 ft²$487/mo condo feeListed 15 days ago

Overview

This 1-bedroom, 1-bathroom condo in Richmond Hill is for sale offering roughly 250 sq ft of space. Listed at $400,000, it is attractively priced about 20% below the $499,000 median asking price in Richmond Hill. It has been on the market 15 days, fresher than the Richmond Hill average of 57 days.

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Description

Enjoy stylish living in this elegant boutique condominium in the heart of historic Downtown Richmond Hill! This bright and beautifully designed 1-bedroom, 1-bathroom suite offers 492 sq. ft. of interior living space, soaring 10-foot ceilings, expansive floor-to-ceiling windows, and an open-concept layout filled with natural light. Features include engineered hardwood flooring throughout, rich chocolate-finish kitchen cabinetry, granite countertops, and a coordinating backsplash. Ideally located in a quiet, friendly building, with public transit at your doorstep and within walking distance of restaurants, cafés, shops, Richmond Hill Central Library, Richmond Hill Centre for the Performing Arts, and Mill Pond Park. Just a short drive to Hillcrest Mall and the GO Station, with convenient access to Highways 404 and 400. An excellent opportunity for first-time buyers, professionals, or investors seeking stylish, low-maintenance living in a prime location! (id:66096)

Property Details

MLS®: N14096972
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 250 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $487/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,892.66/yr
Listed: 15 days ago

Rooms

Main level

Living room: 8.21 x 2.41 meters
Dining room: 8.21 x 2.41 meters
Kitchen: 8.21 x 2.41 meters
Primary Bedroom: 3.11 x 2.93 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, Stove, Dryer, Microwave
Flooring: Hardwood
Exterior: Concrete, Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Richmond Hill (Mill Pond) listings, avg age

57d

Price / ft²

$1,603

List price

$400K

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 (Mill Pond) has been listed for 15 days, which is 42 days fresher than the city average of 57. Act while there is still low competition.

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Listed by CENTURY 21 HERITAGE GROUP LTD. · RYAN AHADIAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $400,000, about 4.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $78,134 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$400,000· $1,603/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,000

Min 5%50%

Mortgage payment$2,107/mo

↳ CMHC premium ($15,200 capitalized)

Property tax (est.)$158/mo

Condo fee$487/mo

Total monthly$2,752

Cash Needed to Close

Down payment (5%)$20,000

Land transfer tax$4,475

Est. closing costs$3,700

Total cash needed$28,175

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