$610,000

For sale

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#706 40 Baif Boulevard, Richmond Hill (North Richvale) - Single Family for Sale

#706 40 Baif Boulevard, Richmond Hill (North Richvale), Ontario, L4C5M9

3 beds2 baths2 parking ft²

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Investment analysis

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$610,000

Richmond Hill

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Overview

This 3-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 1,300 sq ft of space. Listed at $610,000, it is attractively priced about 9% below the $670,000 median asking price in Richmond Hill. It has been on the market 12 days, fresher than the Richmond Hill average of 62 days.

Condos for Sale in Richmond Hill →All real estate in Richmond Hill →

Property Details

MLS®: N14111314
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,335/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,797.19/yr
Listed: 12 days ago

Rooms

Flat

Foyer: 2.93 x 1.54 meters
Living room: 5.54 x 4.41 meters
Dining room: 4.56 x 3.23 meters
Kitchen: 2.64 x 2.23 meters
Eating area: 1.85 x 2.23 meters
Primary Bedroom: 5.4 x 4.01 meters
Bedroom 2: 4.13 x 2.85 meters
Bedroom 3: 4.13 x 2.72 meters
Laundry room: 1.69 x 1.6 meters

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

Market Timing

Days on market

12d

Richmond Hill (North Richvale) listings, avg age

62d

Price / ft²

$469

List price

$610K

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.

Area context

Neighbourhood profile (L4C)

This home lists at $610,000, about 7.1× the local median household income of $86,000.

Carrying it typically needs a household income of about $119,154 (20% down, 25-yr amortization, stress-tested) — roughly 39% 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)

$610,000· $469/ft²

For sale

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Full Cost Breakdown

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Down Payment5.90% · $36,000

Min 5.90%50%

Mortgage payment$3,182/mo

↳ CMHC premium ($22,960 capitalized)

Property tax (est.)$233/mo

Condo fee$1,335/mo

Total monthly$4,750

Cash Needed to Close

Down payment (5.90%)$36,000

Land transfer tax$8,675

Est. closing costs$4,330

Total cash needed$49,005

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#706 40 Baif Boulevard, Richmond Hill (North Richvale) - Single Family for Sale

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Description

Property Details

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Market Timing

Location

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Neighbourhood profile (L4C)

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