$2M · 4 bed Condo Townhouse · South Richvale, Richmond Hill

Loading neighbourhood intel…

About this home

A brand-new, mixed-use live/work unit in the vibrant heart of Richmond Hill, at the prime intersection of Yonge and Highway 7. This spacious 2,473 sq. ft. ground-floor unit, with a 45 sq. ft. outdoor space, is perfectly designed for professionals who seek to combine their business and home life. With RM10 zoning, this unit features a dedicated commercial space plus a bright, residential layout: on the main floor, a bonus room and flexible work area, and on the second floor, a stylish kitchen, di…

Property details

MLS#

N12956138

Status

Buy Now

Beds

Baths

4 full, 0 half

Size

2250-2499

Style

2-Storey

Type

Condo Townhouse

Year built

—

View: Clear

Condo corp #: 1576
Balcony: Open
Locker: Owned
Fees include: Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: YONGE/ HWY7
Basement: None
Stories: —
Utilities: —
Laundry: Laundry Room
Interior: Built-In Oven, Countertop Range, Separate Heating Controls, Separate Hydro Meter
Parking features: Private, Surface, Underground

Level	Room	Dimensions
Main	Living Room	4.8m × 6.3m
Main	Other	4.8m × 6.3m
Main	Other	2.8m × 2m
Second	Kitchen	8.7m × 6.1m
Second	Dining Room	8.7m × 6.1m
Second	Kitchen	8.7m × 6.1m
Second	Primary Bedroom	4.6m × 3.2m
Second	Bedroom 2	4.5m × 3.1m
Second	Bedroom 3	2.5m × 2.9m

Level

Room

Dimensions

Main

Living Room

4.8m × 6.3m

Main

Other

4.8m × 6.3m

Main

Other

2.8m × 2m

Second

Kitchen

8.7m × 6.1m

Second

Dining Room

8.7m × 6.1m

Second

Kitchen

8.7m × 6.1m

Second

Primary Bedroom

4.6m × 3.2m

Second

Bedroom 2

4.5m × 3.1m

Second

Bedroom 3

2.5m × 2.9m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,999,000✓ $4,946 tax✓ Electric✓ 2250-2499 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$16,293/mo

incl. closing costs (yr 1)

Annual total

$195,512

year 1

Mortgage only

$7,584/mo

principal + interest

Beyond mortgage

$5,213/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$399,800

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$412/mo

Utilities

Hydro / electricity$91/mo

≈ $0.13/ft² × ~2,375 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$19,990/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$234/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$36,455

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)47% $91,003/yr

Property taxes21% $41,401/yr

Utilities1% $2,657/yr

Insurance & security1% $1,600/yr

Maintenance10% $19,990/yr

Condo fees17% $33,761/yr

Closing costs3% $5,100/yr

Mortgage is 47% of your true cost of ownership. The other 53% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$91,003	$7,584/mo
Government & taxes
Property tax	$4,946	$412/mo
Land transfer tax(closing)	$36,455	$3,038/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,097	$91/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$19,990	$1,666/mo
Condo fees
Condo / HOA fees	$33,761	$2,813/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$195,512	$16,293/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

Unlock Insider Deals

Sign in

Unit 103 L/W

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

Request a Showing

Request a Showing

Annual costs