3 Rosewater Street Unit 202W, Richmond Hill

Price: $479,999

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: N13131410

Experience elevated living in this sun-drenched 1-bedroom suite in the heart of Richmond Hill! Featuring 2 private terraces with walk-outs from both the living room and bedroom, enjoy breathtaking unobstructed west-facing views and all-day natural sunlight. This carpet-free unit offers a bright, functional layout with a modern kitchen complete with stainless steel appliances, built-in dishwasher, microwave, and full-size washer & dryer. Includes 1 parking spot. Located at the highly sought-after Yonge & 16th corridor, just steps to Yonge transit and the future Yonge North Subway Extension Station, with quick access to Hwy 407 and Langstaff GO. Walk to Hillcrest Mall, Walmart, Cineplex, banks, restaurants, parks, and more. Geothermal heating for low energy costs! Enjoy resort-style building amenities including a fitness centre, indoor basketball court, yoga studio, sauna, party room, and pet spa. A perfect blend of convenience, lifestyle, and modern comfort!

3 Rosewater Street Unit 202W - Condo photo 1 of 16 in Richmond Hill, Ontario
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$479,999 - 3 Rosewater Street Unit 202W, Richmond Hill

Condo for Sale in Richmond Hill

35 days on market
1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
N13131410
Property Type
Condo
Status
active
Days on Site
35
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Richmond Hill
Locker
Owned
Exposure
West
Balcony
Terrace
Listing Brokerage
REMAX YOUR COMMUNITY REALTY
Description

Experience elevated living in this sun-drenched 1-bedroom suite in the heart of Richmond Hill! Featuring 2 private terraces with walk-outs from both the living room and bedroom, enjoy breathtaking unobstructed west-facing views and all-day natural sunlight. This carpet-free unit offers a bright, functional layout with a modern kitchen complete with stainless steel appliances, built-in dishwasher, microwave, and full-size washer & dryer. Includes 1 parking spot. Located at the highly sought-after Yonge & 16th corridor, just steps to Yonge transit and the future Yonge North Subway Extension Station, with quick access to Hwy 407 and Langstaff GO. Walk to Hillcrest Mall, Walmart, Cineplex, banks, restaurants, parks, and more. Geothermal heating for low energy costs! Enjoy resort-style building amenities including a fitness centre, indoor basketball court, yoga studio, sauna, party room, and pet spa. A perfect blend of convenience, lifestyle, and modern comfort!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,462.64/mo

Includes CMHC insurance ($13,392)

$
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5-yr fixed avg.

Principal: $431,999Interest: $293,402
Mortgage Amount$445,391
Total Interest$293,402
Est. Property Tax$340/mo
Total Cost$738,793

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

3 Rosewater Street Unit 202W, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$340
Insurance (est.)-$100
Net Cash Flow+$1,035

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

Fair Market Value

At $960/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.

Market Position

At 35 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 500 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    3 Rosewater Street Unit 202W | $479,999 | Battaglia Team