$639,900 - 11611 Yonge Street Unit 516, Richmond Hill
Condo for Sale in Richmond Hill
42 days on market- MLS Number
- N13096598
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
The "Ritz" Model at The Bristol: A Masterclass in Executive Living. Located in Richmond Hill''s prestigious Jefferson community, this 977 sq. ft. 2BR+Den suite is paired with a 149 sq. ft.full-length balcony, offering 1,126 sq. ft. of refined living space. Thousands in recent upgrades distinguish this unit, featuring fresh premium paint, upgraded SS appliances, and professional custom built-in closets throughout. The interior is defined by high ceilings in the living area, den, and both bedrooms, creating an atmosphere of grandeur that rivals a detached home. The open-concept, split layout is flooded with natural light from floor-to-ceiling windows, offering unobstructed West-facing sunset views. The primary retreat is elevated by a show-stopping, oversized W/I closet with custom built-ins, while the private den provides a secluded sanctuary with its own closet for maximum utility. Located steps from elite Richland Academy (IB), top-ranked Richmond Hill HS, and the best in local shopping, dining, and VIVA/YRT transit. Boutique building amenities include 24 hr concierge, a fitness center, and a panoramic rooftop terrace. 1 parking and 1 locker included. Sophisticated in design and unmatched in scale, this residence represents the pinnacle of boutique luxury at 11611 Yonge.
Estimate your monthly payments for this property
Estimated Payment
$3,283.02/mo
Includes CMHC insurance ($17,853)
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.
11611 Yonge Street Unit 516, 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 $711/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.
Market Position
At 42 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $2,666 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.