$869,000 - 370 Highway 7 Road Unit PH12, Richmond Hill
Condo for Sale in Richmond Hill
42 days on market- MLS Number
- N13074788
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Stunning Penthouse 3+1 Unit at Royal Garden Condo Located in Prime Richmond Hill, Spacious & Functional layout, One Bedroom On Main Floor, 2 Large Bedrooms & Den On Upper Floor. 9' Ceiling Open-Concept, Expansive Windows W/ Natural Light, Open Kitchen W/ Stainless Steel Appliances, Backsplash, and Ample Cabinet Space, 4Pc Ensuite & Walk-In Closet In Master, Large Balcony W/ West View for Enjoyment, 2 Locker & 2 Parking included. Steps to Transit, Professional Offices, Banks, Shops and Restaurants, Just minutes to Hwy 404/407 & Your Daily Necessities, T&T SuperMarket Coming Soon, Beautiful Amenities included Indoor Whirlpool, Ballroom, Party rooms, Exercise Rooms, Rooftop Garden, & More.
Estimate your monthly payments for this property
Estimated Payment
$4,458.42/mo
Includes CMHC insurance ($24,245)
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 Road Unit PH12, 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 $869/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 42 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 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 $3,621 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.