$529,900 - 3 Rosewater Street Unit 517W, Richmond Hill
Condo for Sale in Richmond Hill
- MLS Number
- N13221576
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 500 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Upgraded Sunny Bright South-West Facing Unit Overlooking Unobstructed View of Parkette & Skyline/Tree Top Canopy. Enjoy Beautiful Evening Sunsets & Year-Round Sunlight. 1+1 Bed; Den Comfortably Fits Separate Dining Area/Private Work Station Area/Lounge. Modern Open Concept Layout. Two Bathrooms. Floor-to-Ceiling Windows. Soaring High 9-FT Ceilings Creating a Larger, Spacious Feeling. Convenient Parking Space Close to Elevator. $$$ Spent on Upgrades! List of Upgrades: Premium Vinyl Flooring Throughout, Upper Cabinets, Quartz Countertops, Quartz Slab Backsplash, Bulkhead Pot Lights, Metal Pull Cabinet Handles, (Kitchen), Quartz Countertops, Porcelain Tiles & Shower Kits (Bathrooms) , Mirror Closet Slider Doors & Blackout Blinds (Primary Bed) Screen Blinds (Living Room) Nest Thermostat, August Smart Lock & Track Lighting. Full-Service Amenities Incl. Concierge, Gym, Party Room, Sauna, Dog Washing Stations, Terrace with BBQ & Bicycle Rack. Ideally Located in One of Richmond Hill's Most Desirable & Prestigious Neighbourhoods. Surrounded by Parks, Highly Rated Schools & Multi-Million $ Homes. Minutes to Yonge Street, Hwy 7, Hwy 407 & Langstaff GO Station, Shopping, Restaurants, Family-Friendly and Highly Convenient Community. Maintenance Fees include Internet.
Estimate your monthly payments for this property
Estimated Payment
$2,718.66/mo
Includes CMHC insurance ($14,784)
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.
3 Rosewater Street Unit 517W, Richmond Hill
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $1060/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 16 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.
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 $2,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.