$719,900 - 100 Elgin Mills Road Unit 42, Richmond Hill
Condo for Sale in Richmond Hill
105 days on market- MLS Number
- N12811028
- Property Type
- Condo
- Status
- active
- Days on Site
- 105
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Ensuite
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Power of Sale - Sold as is Where is. Welcome to this exceptionally cared-for condo townhome in the heart of Richmond Hill, ideally positioned near Yonge Street and Elgin Mills. Offering three generously sized bedrooms and three bathrooms, including a private ensuite retreat in the primary suite, this residence delivers both comfort and functionality for modern living. Enjoy serene views with no rear neighbours, as the home backs onto protected ravine greenspace - a rare and peaceful setting. The fully finished walk-out basement adds valuable living space, ideal for a recreation room, home office, or effortless entertaining. Perfectly located within walking distance to transit, parks, highly regarded schools, everyday shopping, medical services, restaurants, and entertainment, everything you need is just moments away. An attached garage with convenient interior access plus a private driveway ensures practical, everyday ease. Nestled within a quiet, well-maintained community offering ample visitor parking, this property combines lifestyle, location, and natural surroundings in one exceptional opportunity. A solid property in a sought-after location! MUSTSEE! 48 hours (work days) irrevocable on all offers. Being sold as is. Must attach Schedule "B" and use Seller's sample offer when drafting an offer (copy in attachment section of MLS). Taxes estimated per city website.
Estimate your monthly payments for this property
Estimated Payment
$3,693.46/mo
Includes CMHC insurance ($20,085)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Richmond Hill
Richmond Hill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Richmond Hill
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Richmond Hill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
100 Elgin Mills Road Unit 42, Richmond Hill
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $450/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 105 days on site, this property has exceeded the typical selling timeline for Richmond Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.