$399,000

For sale

#Ph13 75 King William Crescent, Richmond Hill (Langstaff) - Single Family for Sale

#Ph13 75 King William Crescent, Richmond Hill (Langstaff), Ontario, L4B0C1

1 bed1 bath1 parking650 ft²$581/mo condo feeListed 21 days ago

Overview

This 1-bedroom, 1-bathroom condo in Richmond Hill is for sale offering roughly 650 sq ft of space. Listed at $399,000, it is attractively priced about 27% below the $549,000 median asking price in Richmond Hill. It has been on the market 21 days, fresher than the Richmond Hill average of 51 days.

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

Description

Priced To Sell! Rare Penthouse Opportunity Offering 625 Sq. Ft. Of Functional Living Space With Desirable 9' Ceilings And SpectacularUnobstructed North-West Views. This Bright 1-Bedroom Suite Features An Open-Concept Layout, A Spacious Kitchen With Quartz Countertopswith all full size Stainless Steel Appliances And Breakfast Bar, Plus A Private Balcony Perfect For Enjoying Stunning Sunsets. Includes OneParking Space And One Locker. An Excellent Opportunity For First-Time Buyers or Investors!! Conveniently Located In The Heart Of RichmondHill, Close To Hillcrest Mall, Restaurants, Parks, Transit, GO Station, Hwy 407 And Hwy 404. Exceptional Value For A Penthouse Unit In A HighlySought-After Community. (id:66096)

Property Details

MLS®: N14032524
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $581/mo
Fee Includes: Common Area Maintenance, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,464/yr
Listed: 21 days ago

Rooms

Flat

Living room: 4.62 x 3.07 meters
Dining room: 4.62 x 3.07 meters
Kitchen: 2.49 x 1.52 meters
Bedroom: 3.84 x 2.84 meters
Foyer: 5.08 x 1.17 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, Dryer, Microwave, Blinds, Garage door opener remote(s)
Flooring: Laminate, Carpeted, Ceramic
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Richmond Hill (Langstaff) listings, avg age

51d

Price / ft²

$614

List price

$399K

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 1-bed single family in Richmond Hill (Langstaff) has been listed for 21 days, which is 30 days fresher than the city average of 51. Act while there is still low competition.

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Listed by SKYLETTE MARKETING REALTY INC. · CAROL CHOI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4B)

This home lists at $399,000, about 4.1× the local median household income of $97,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$399,000· $614/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$205/mo

Condo fee$581/mo

Total monthly$2,888

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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