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$498K · 1 bed Condo Apartment · Doncrest, Richmond Hill | MyPropertyScout

$498,000

Unit 615

11Vacant

Map

$498,000

A●●●○○

Unit 615

370 Highway 7 N/A · Richmond Hill · Ontario L4B 0C4

MLS® N12971990 · Doncrest · L4B 0C4

11Vacant500-599 ft²Condo Apartment1-car Underground$906/ft²$2,086 tax/yrBuilt 20188 yrs old

11% below market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

*Luxurious Condo Royal Gardens *In The Heart Of Richmond Hill *One Bedroom Suite with 2 Balconies *Facing West with Open Views *Upgraded Kitchen With Granite Counter *Open Concept Design *Laminate Flooring Throughout the unit *Prime and Convenient Location *Minutes To Go Station *Steps To ViVA, Shopping & Restaurants *Amenities Include 24hrs Concierge, Party Room, Exercise And More *One Underground Parking Located Near Entrance To Building is Included *One Locker is included*

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Property details

MLS#: N12971990
Status: Buy Now
Beds: 1
Baths: 1 full, 0 half
Size: 500-599
Style: Apartment
Type: Condo Apartment
Year built: —

Property features: Park, School, Public Transit

Condo corp #: 1254
Balcony: Open
Locker: Exclusive
Association amenities: Gym, Concierge, Media Room, Party Room/Meeting Room
Fees include: Heat Included, Water Included, CAC Included, Building Insurance Included, Parking Included, Common Elements Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Hwy 7 E & Bayview Ave
Basement: None
Stories: 5
Utilities: —
Laundry: Ensuite
Interior: Carpet Free, Primary Bedroom - Main Floor
Parking features: Underground

Rooms

Level	Room	Dimensions
Flat	Living Room	3.17m × 3.25m
Flat	Dining Room	3.17m × 3.25m
Flat	Kitchen	3.05m × 3.19m
Flat	Bedroom	3.07m × 3.8m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX REALTRON REALTY INC.

Source: TRREB/PROPTX · MLS® N12971990

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$498K

Unit 615 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $498,000✓ $2,086 tax✓ Gas✓ 500-599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,422/mo

incl. closing costs (yr 1)

Annual total

$53,065

year 1

Mortgage only

$1,889/mo

principal + interest

Beyond mortgage

$1,538/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$99,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$174/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~550 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

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%$4,980/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)$43/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,435

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)43% $22,671/yr

Property taxes16% $8,521/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,980/yr

Condo fees12% $6,233/yr

Closing costs10% $5,100/yr

Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,671	$1,889/mo
Government & taxes
Property tax	$2,086	$174/mo
Land transfer tax(closing)	$6,435	$536/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,980	$415/mo
Condo fees
Condo / HOA fees	$6,233	$519/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	$53,065	$4,422/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.

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Unit 615

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs