$643,000

For sale

#622 8888 Yonge Street, Richmond Hill (South Richvale) - Single Family for Sale

#622 8888 Yonge Street, Richmond Hill (South Richvale), Ontario, L4C5V6

2 beds2 baths1 parking750 ft²$491/mo condo feeListed 17 days ago

Overview

This 2-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 750 sq ft of space. Its $643,000 asking price sits right in line with the $618,000 median in Richmond Hill. It has been on the market 17 days, fresher than the Richmond Hill average of 64 days.

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Description

Discover Luxury Living at 8888 Yonge Street! An exceptional opportunity to own a BRAND-NEW, NEVER-LIVED-IN, BUILDER-DIRECT residence in the heart of Richmond Hill! Professionally staged and beautifully presented, this stunning 2-bedroom, 2-bathroom suite offers 708 sq. ft. of thoughtfully designed interior living space plus an impressive 85 sq. ft. private terrace. Enjoy a functional, modern layout featuring a spacious primary bedroom, a versatile second bedroom ideal for guests or a home office, and two stylish 3-piece bathrooms, one with a relaxing bathtub and the other with a sleek glass-enclosed shower. Desirable northwest exposure offers beautiful, clear, unobstructed views, creating the perfect setting to relax and unwind. Experience the convenience of an unbeatable location at Yonge Street and Highway 7, just minutes from shopping, restaurants, entertainment, Langstaff GO Station, VIVA Transit, and the planned Yonge North Subway Extension. An incredible opportunity for first-time buyers, professionals, and investors alike! Parking available for purchase at $60,000 plus applicable taxes and locker at $5,000. BUILDER VTB FINANCING AVAILABLE! Advertised price excludes HST. Enjoy peace of mind with TARION NEW HOME WARRANTY coverage!. Your opportunity to own a beautiful new home in one of Richmond Hill's most convenient locations starts here. (id:66096)

Property Details

MLS®: N14095722
Property Type: Single Family
Zoning: RESIDENTIAL CONDO
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Electric, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $491/mo
Fee Includes: Insurance
Ownership: Condo/Strata
Property Tax: $2,556/yr
Listed: 17 days ago

Rooms

Main level

Living room: 5.09 x 3.41 meters
Dining room: 5.09 x 3.41 meters
Kitchen: 5.09 x 3.41 meters
Primary Bedroom: 3.2 x 2.77 meters
Bedroom 2: 2.56 x 2.26 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, Water meter, Dishwasher, Stove, Range, Dryer, Microwave, Cooktop, Oven - Built-In
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Richmond Hill (South Richvale) listings, avg age

64d

Price / ft²

$858

List price

$643K

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 (South Richvale) has been listed for 17 days, which is 47 days fresher than the city average of 64. Act while there is still low competition.

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Listed by CENTURY 21 HERITAGE GROUP LTD. · SARA SADR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $643,000, about 7.5× the local median household income of $86,000.

Carrying it typically needs a household income of about $125,600 (20% down, 25-yr amortization, stress-tested) — roughly 46% 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)

$643,000· $858/ft²

For sale

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Full Cost Breakdown

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Down Payment6.11% · $39,300

Min 6.11%50%

Mortgage payment$3,347/mo

↳ CMHC premium ($24,148 capitalized)

Property tax (est.)$213/mo

Condo fee$491/mo

Total monthly$4,051

Cash Needed to Close

Down payment (6.11%)$39,300

Land transfer tax$9,335

Est. closing costs$4,429

Total cash needed$53,064

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