163 Tempel Street, Richmond Hill

Price: $1,106,000

3 bedrooms, 3 bathrooms

1,500 - 1,999 sqft

Property Type: Townhouse

MLS#: N13459334

Must See! Traditional Two-Story Freehold Townhouse at Oakridge Meadows, Surrounded by Trails and Nature yet Close to All Amenities! Plenty of natural light in the Great Room and All 3 Bedrooms. Tons of Upgrades! Hardwood Floors Throughout Main and 2nd Floor. 9' Ceilings on Both the Main and Second Floor. Quartz Countertop, Backsplash, and Central Island; Stainless Steel Appliances; Pot Lights; Bright & Spacious Master Bedroom with a 5-Piece Ensuite and a Huge Walk-in Closet. Near All Amenities, Lake Wilcox, Parks, Schools, Restaurants, Home Depot, Costco. Minutes Drive to Hwy 404, Go Train, Farmers Markets, Golf Courses, Nature Trails.

163 Tempel Street - Townhouse photo 1 of 15 in Richmond Hill, Ontario
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New Listing
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$1,106,000 - 163 Tempel Street, Richmond Hill

Townhouse for Sale in Richmond Hill

New — Listed yesterday
3Beds
3Baths
1,500 - 1,999Sq Ft
Townhouse
Property Details
MLS Number
N13459334
Property Type
Townhouse
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
3
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Richmond Hill
Listing Brokerage
BENCHMARK SIGNATURE REALTY INC.
Description

Must See! Traditional Two-Story Freehold Townhouse at Oakridge Meadows, Surrounded by Trails and Nature yet Close to All Amenities! Plenty of natural light in the Great Room and All 3 Bedrooms. Tons of Upgrades! Hardwood Floors Throughout Main and 2nd Floor. 9' Ceilings on Both the Main and Second Floor. Quartz Countertop, Backsplash, and Central Island; Stainless Steel Appliances; Pot Lights; Bright & Spacious Master Bedroom with a 5-Piece Ensuite and a Huge Walk-in Closet. Near All Amenities, Lake Wilcox, Parks, Schools, Restaurants, Home Depot, Costco. Minutes Drive to Hwy 404, Go Train, Farmers Markets, Golf Courses, Nature Trails.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,892.21/mo

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5-yr fixed avg.

Principal: $884,800Interest: $582,863
Mortgage Amount$884,800
Total Interest$582,863
Est. Property Tax$783/mo
Total Cost$1,467,663

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.

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Neighbourhood Guide: Richmond Hill

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

163 Tempel Street, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,730/mo
Range: $2,321 - $3,139
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,730
Maintenance Fees-$0
Property Tax (est.)-$783
Insurance (est.)-$230
Net Cash Flow+$1,717

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $737/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Richmond Hill have shown strong appreciation as families seek more space.

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 $4,608 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    163 Tempel Street, Richmond Hill | $1,106,000 | Battaglia Team