$529,900

For sale

#507 5 Weldrick Road West, Richmond Hill (North Richvale) - Single Family for Sale

#507 5 Weldrick Road West, Richmond Hill (North Richvale), Ontario, L4C8S9

2 beds2 baths1 parking1,300 ft²$1,100/mo condo feeListed 26 days ago

Overview

This 2-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 1,300 sq ft of space. Listed at $529,900, it is attractively priced about 21% below the $670,000 median asking price in Richmond Hill. It has been on the market 26 days, fresher than the Richmond Hill average of 62 days.

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Description

Welcome to North Richvale, in the Heart of Richmond Hill. This Building is Conveniently Located a Short Walk Off Yonge Street Between Major MacKenzie and 16th Ave. This South Facing 1,237 sq ft Unit is Move In Ready. The Primary Bedroom Features His and Hers Closets and a 4 Piece Ensuite. The Unit Features a Second Bedroom, Laundry and Second 4 Piece Bathroom. The Open Concept Living/Dining Area Leads to a Solarium - A Perfect Reading/Quiet Area/Craft Area/ 3rd Bedroom or Office. The Maintenance Fee Includes All Utilities. Weather Buyer(s) are End Users or Wish to Renovate/Update and Re-List This Property is Priced to Sell. (id:66096)

Property Details

MLS®: N13881128
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,100/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,599.56/yr
Listed: 26 days ago

Rooms

Flat

Kitchen: 2.77 x 5.25 meters
Living room: 6.03 x 5.45 meters
Dining room: 6.03 x 5.45 meters
Solarium: 2.76 x 3.87 meters
Primary Bedroom: 4.61 x 3.5 meters
Bedroom 2: 3.55 x 2.87 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
Exterior: Concrete, Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Richmond Hill (North Richvale) listings, avg age

62d

Price / ft²

$408

List price

$530K

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 (North Richvale) has been listed for 26 days, which is 36 days fresher than the city average of 62. Act while there is still low competition.

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Listed by ROYAL LEPAGE RCR REALTY · CHRIS HIGGINS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $529,900, about 6.2× the local median household income of $86,000.

Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 20% 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)

$529,900· $408/ft²

For sale

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Full Cost Breakdown

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Down Payment5.28% · $27,990

Min 5.28%50%

Mortgage payment$2,783/mo

↳ CMHC premium ($20,076 capitalized)

Property tax (est.)$217/mo

Condo fee$1,100/mo

Total monthly$4,100

Cash Needed to Close

Down payment (5.28%)$27,990

Land transfer tax$7,073

Est. closing costs$4,090

Total cash needed$39,153

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