$1,250,000

For sale

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#Ph06 398 Highway 7 Road East, Richmond Hill (Doncrest) - Single Family for Sale

#Ph06 398 Highway 7 Road East, Richmond Hill (Doncrest), Ontario, L4B1A7

3 beds3 baths2 parking ft²

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Listed by HOMELIFE LANDMARK REALTY INC.

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$1.15M

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3 bd3 ba4 pk2,125 ft²+$853/mo

Listed by EXP REALTY

Investment analysis

Rental cashflow calculator

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$1,250,000

Richmond Hill

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Description

**Extreme Rare*** Penthouse Living In Nearly New Valleymede Condo! Over 1400 Sq Ft Enjoyable Space With Soaring 10Ft Ceiling With Sophisticated Appliances Ensuring Your Luxurious Lifestyle Meets Quality Living! Primary Room And 2nd Bedroom Are Separated Ensuring Maximum Privacy And Enjoyment! **2 Side By Side Parkings With 1 Spacious Locker Inlcuded** Steps To Local Shops, Fine Dinnings & Shopping Centre! (id:66096)

Property Details

MLS®: N13681198
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,294/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,097.78/yr
Listed: 80 days ago

Market Timing

Days on market

80d

Richmond Hill (Doncrest) listings, avg age

67d

Price / ft²

$962

List price

$1.25M

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 (L4B)

This home lists at $1,250,000, about 12.9× the local median household income of $97,000.

Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 152% above the area median.

Median household income: $97,000
Population: 36,080
Median age: 45.6
Owner / renter: 80% / 20%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L4B)

$1,250,000· $962/ft²

For sale

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Full Cost Breakdown

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Down Payment8% · $100,000

Min 8%50%

Mortgage payment$6,376/mo

↳ CMHC premium ($46,000 capitalized)

Property tax (est.)$341/mo

Condo fee$1,294/mo

Total monthly$8,011

Cash Needed to Close

Down payment (8%)$100,000

Land transfer tax$21,475

Est. closing costs$6,250

Total cash needed$127,725

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

#Ph06 398 Highway 7 Road East, Richmond Hill (Doncrest) - Single Family for Sale

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