$585,000 - 370 Highway 7 N/A Unit 223, Richmond Hill
Condo for Sale in Richmond Hill
75 days on market- MLS Number
- N12957572
- Property Type
- Condo
- Status
- active
- Days on Site
- 75
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE FRONTIER REALTY INC.
Located in one of Richmond Hill's most sought after neighbourhoods, this newly renovated 2-bedroom 2-bath corner suite offers the perfect blend of style, comfort, and convenience. Recent upgrades include a custom kitchen (end of 2025), extra wide 9" vinyl plank flooring (end of 2025), stainless steel kitchen appliances (end of 2025), front loading washer and dryer (end of 2024), and new LED ceiling light fixtures. Abundant natural light fills the open concept living and dining areas, creating an inviting space ideal for gatherings and entertaining. The beautifully renovated new kitchen features extended lower cabinetry, sleek quartz countertops, a matching quartz backsplash, under-valance lighting, soft closing doors, new sink and faucet. The primary bedroom boasts windows on two sides and a 3-piece ensuite with a walk-in shower stall. The thoughtful split bedroom layout ensures privacy, while additional highlights include a private balcony with view of a parkette, two full bathrooms with marble vanity tops, roller blinds throughout, and fresh paint. The suite is positioned on the quiet side of the complex, and it comes with one underground parking space and one locker for added storage. Building amenities features as an exercise room, party room, 24-hour concierge, and both surface and underground visitor parking. Its unbeatable location offers exceptional everyday convenience: Viva and York Transit at your doorstep, walking distance to plazas, banks, medical offices, shops, and restaurants, and just minutes to Highways 407 & 404, the bus terminal, and GO Station. The property is also situated within St. Robert Catholic High School catchment area. Don't miss this opportunity to own a truly move in ready condo in a prime Richmond Hill location!
Estimate your monthly payments for this property
Estimated Payment
$3,001.35/mo
Includes CMHC insurance ($16,322)
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.
370 Highway 7 N/A Unit 223, Richmond Hill
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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 $836/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 75 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.
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 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.
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 $2,438 (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.