$632,000

For saleJust listed

#718 8888 Yonge Street, Richmond Hill (South Richvale) - Single Family for Sale

#718 8888 Yonge Street, Richmond Hill (South Richvale), Ontario, L4C5V6

3 beds2 baths1 parking650 ft²$484/mo condo feeListed 3 days ago

Overview

This 3-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 650 sq ft of space. Its $632,000 asking price sits right in line with the $618,000 median in Richmond Hill. It has been on the market 3 days, fresher than the Richmond Hill average of 63 days.

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Description

Welcome to an elevated lifestyle 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 1-bedroom plus 2-den suite with 2 full bathrooms offers 697 sq. ft. of thoughtfully designed interior living space, complemented by 80 sq. ft. of private outdoor space. Featuring a smart, functional modern layout, a spacious primary bedroom, and two versatile dens, this home offers the perfect combination of comfort, elegance, and flexibility. Both bathrooms are 3-piece, one featuring a bathtub and the other a stand-up shower. Enjoy spectacular, open northwest-facing views, creating an inviting atmosphere to relax and unwind. Ideally situated at Yonge Street and Highway 7, with easy access to shopping, restaurants, entertainment, Langstaff GO Station, VIVA Transit, and the planned Yonge North Subway Extension. A fantastic opportunity for first-time homebuyers, professionals, and investors seeking modern living in a highly desirable location. Parking available for purchase at $60,000 + HST and locker at $5,000 + HST. Builder VTB financing available. Advertised price excludes HST. Experience the beauty of a brand-new home in one of Richmond Hill's most convenient and sought-after locations! (id:66096)

Property Details

MLS®: N14144502
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 1 above · 2 below
Bathrooms: 2
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Electric, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $484/mo
Fee Includes: Insurance
Ownership: Condo/Strata
Property Tax: $2,526/yr
Listed: 3 days ago

Rooms

Main level

Living room: 3.15 x 2.41 meters
Dining room: 3.15 x 2.41 meters
Kitchen: 3.15 x 2.41 meters
Primary Bedroom: 3.07 x 2.77 meters
Den: 3.15 x 2.24 meters
Den: 2.24 x 1.85 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, Range, Dryer, Microwave, Cooktop, Oven - Built-In
Exterior: Concrete
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Richmond Hill (South Richvale) listings, avg age

63d

Price / ft²

$973

List price

$632K

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 3-bed single family in Richmond Hill (South Richvale) has been listed for 3 days, which is 60 days fresher than the city average of 63. 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 $632,000, about 7.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $123,452 (20% down, 25-yr amortization, stress-tested) — roughly 44% 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)

$632,000· $973/ft²

For sale

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Full Cost Breakdown

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Down Payment6.04% · $38,200

Min 6.04%50%

Mortgage payment$3,292/mo

↳ CMHC premium ($23,752 capitalized)

Property tax (est.)$211/mo

Condo fee$484/mo

Total monthly$3,986

Cash Needed to Close

Down payment (6.04%)$38,200

Land transfer tax$9,115

Est. closing costs$4,396

Total cash needed$51,711

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