32 Clarissa Drive Unit 426, Richmond Hill

Price: $750,000

3 bedrooms, 2 bathrooms

1,400 sqft

Property Type: Condo

MLS#: N13410104

Over 1400 SqFt Living Space. Fantastic Location. Welcome to your dream resort-style building. 2+1 Bed with Two(2) Bath and Two(2) Parking. Over size Den can be used as 3rd Bed. Modern Open concept living space. Plenty of daylights with oversize windows. Great size bedrooms with locker and walk-in closet in primary bedroom. All laminated floors offers clean living space. Entertain all your guest with updated kitchen and interior features. Freshly painted rooms. Private balcony overlooking the beautiful quiet courtyard. Luxury amenities includes 24/7 Security, Gym, Indoor and outdoor pool. Tennis court, Squash court, Billiards room, Theatre room, Guest suites, Plenty of visitor parking and much more. Monthly charges includes everything as well as hydro, high-speed internet and basic cable. Walking distance to Grocery store, Shopping mall, Medical clinics, Public transportation etc.. Move-in ready. Just enjoy. Some Pictures are V.S. Must see.

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active
New Listing
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$750,000 - 32 Clarissa Drive Unit 426, Richmond Hill

Condo for Sale in Richmond Hill

New — Listed 2 days ago
3Beds
2Baths
1,400Sq Ft
Condo
Property Details
MLS Number
N13410104
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
3
Bathrooms
2
Square Feet
1,400 sqft
Neighbourhood
Richmond Hill
Locker
None
Exposure
North West
Balcony
Open
Listing Brokerage
MODERN SOLUTION REALTY INC.
Description

Over 1400 SqFt Living Space. Fantastic Location. Welcome to your dream resort-style building. 2+1 Bed with Two(2) Bath and Two(2) Parking. Over size Den can be used as 3rd Bed. Modern Open concept living space. Plenty of daylights with oversize windows. Great size bedrooms with locker and walk-in closet in primary bedroom. All laminated floors offers clean living space. Entertain all your guest with updated kitchen and interior features. Freshly painted rooms. Private balcony overlooking the beautiful quiet courtyard. Luxury amenities includes 24/7 Security, Gym, Indoor and outdoor pool. Tennis court, Squash court, Billiards room, Theatre room, Guest suites, Plenty of visitor parking and much more. Monthly charges includes everything as well as hydro, high-speed internet and basic cable. Walking distance to Grocery store, Shopping mall, Medical clinics, Public transportation etc.. Move-in ready. Just enjoy. Some Pictures are V.S. Must see.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,847.89/mo

Includes CMHC insurance ($20,925)

$
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5%10%50%

5-yr fixed avg.

Principal: $675,000Interest: $458,442
Mortgage Amount$695,925
Total Interest$458,442
Est. Property Tax$531/mo
Total Cost$1,154,367

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

32 Clarissa Drive Unit 426, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$910
Property Tax (est.)-$531
Insurance (est.)-$156
Net Cash Flow+$1,483

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 $536/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.

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.

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 $3,125 (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.

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    32 Clarissa Drive Unit 426, Ric… — $750,000 | Battaglia Team