$749,000 - 215 16TH Avenue Unit 7, Richmond Hill
New Construction for Sale in Richmond Hill
50 days on market- MLS Number
- N13041268
- Property Type
- New Construction
- Status
- active
- Days on Site
- 50
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- HOMELIFE/VISION REALTY INC.
Perfect for downsizers or young couples looking to avoid condo living while still enjoying low-maintenance convenience. Rarely offered Chateau-style executive freehold end-unit townhome tucked away on a private cul-de-sac. Freshly-painted and move-in ready, this spotless and bright home features extra-large windows and 9-ft smooth ceilings on the main floor. The open-concept layout offers the perfect balance for both everyday living and entertaining. The primary and second bedrooms each include their own ensuite washrooms, providing comfort and privacy. A 2-piece powder room is conveniently located on the main level, along with an additional bathroom in the finished lower level-ideal when entertaining in the backyard. Enjoy a walk-out to a private, fenced, treed backyard which backs onto the German Mills Creek ravine with a scenic walking trail, offering privacy, mature trees, and a peaceful natural setting. Premium end-unit next to a children's playscape and parkette. Direct access from the garage to the lower level adds to the home's functionality. Located just steps to Yonge Street, schools, the GO Station, shopping, restaurants, and more, this home offers exceptional convenience. The monthly POTL fee of $274 includes water, common elements maintenance, common element insurance. A perfect blend of style, space, and location-don't miss this opportunity!
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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.
215 16TH Avenue Unit 7, Richmond Hill
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Rental income estimator & ROI calculator
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
Fair Market Value
At $1070/sqft, this property is priced in line with current Richmond Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 50 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.
Efficient Living
At 700 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.
Bathroom Count Matters
With 4 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 $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.