$549,000

For sale

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#83 370 Red Maple Road, Richmond Hill (Langstaff) - Single Family for Sale

#83 370 Red Maple Road, Richmond Hill (Langstaff), Ontario, L4C5T4

3 beds2 baths2 parking ft²

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#101 330 Red Maple Road, Richmond Hill (Langstaff), Ontario, L4C0T6

For saleJust listed

2 days ago

$392K

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Listed by Royal LePage Real Estate Associates

Investment analysis

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$549,000

Richmond Hill

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Overview

This 3-bedroom, 2-bathroom condo in Richmond Hill is for sale offering roughly 1,100 sq ft of space. Its $549,000 asking price sits right in line with the $545,800 median in Richmond Hill. It has been on the market 36 days, fresher than the Richmond Hill average of 51 days.

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

Description

Welcome to this bright and spacious south-facing 3-bedroom, 2-bathroom townhouse in Richmond Hill. Situated on the upper levels, this home offers a functional layout with 9-foot ceilings and sun-filled living spaces throughout. Features 2 side-by-side parking spaces. Conveniently located near schools, parks, shopping, transit and major roads. Great opportunity for families, first-time buyers or investors! (id:66096)

Property Details

MLS®: N13847010
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $479/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,271.79/yr
Listed: 36 days ago

Market Timing

Days on market

36d

Richmond Hill (Langstaff) listings, avg age

51d

Price / ft²

$499

List price

$549K

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 $549,000, about 6.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 25% 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)

$549,000· $499/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$356/mo

Condo fee$479/mo

Total monthly$3,713

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$7,455

Est. closing costs$4,147

Total cash needed$41,502

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

#83 370 Red Maple Road, Richmond Hill (Langstaff) - Single Family for Sale

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