$1,245,000 - 47 Lafferty Lane, Richmond Hill
Condo for Sale in Richmond Hill
New — Listed 3 days ago- MLS Number
- N13422426
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Ensuite
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Newly Renovated Designer Kitchen In This Sun-Filled Executive Townhome . $$$$$ Upgrades!! The Showpiece Is A Just-Completed Kitchen Renovation Featuring A Stunning Double Waterfall Island, New Stainless Steel Appliances, New Modern Cabinetry, And Ample Counter & Storage Space - Move-In Ready With Nothing Left To Do. New Designer Picked Lightings! With Approx. 2,019 Sq Ft, Offering 3+1 Bedrooms, Fully Finished Basement Ideal For A Home Office, Gym, Or In-Law/Guest Space. Bright, Open-Concept Layout With 10' Smooth Ceilings On The Main Floor And 9' Ceilings Above, Complemented By Pot Lights Throughout. European-Inspired Finishes And An Oak Staircase Add Warmth And Quality. Genuine Double Built-In Garage Plus Private Driveway - Parking For Up To 4 Vehicles. Walk Out To Your Balcony From The Great Room For Effortless Indoor-Outdoor Living. Spacious Primary Retreat With Walk-In Closet And 5-Piece Ensuite. Lawn Care, Snow Removal & Building Insurance Covered Through Property Management For A Lock-And-Leave Lifestyle. Families Will Love The Access To Top-Ranked Schools, Including Bayview Secondary School (Renowned IB Program), Crosby Heights PS (Gifted Program), And Beverley Acres PS (French Immersion). Everyday Conveniences Are Just Minutes Away: Shop At The Nearby Bayview & Elgin Mills Plazas, Costco, T&T Supermarket, Hillcrest Mall, And A Wide Selection Of Restaurants, Banks, And Cafés Along The Bayview Corridor. Outdoor Enthusiasts Are Steps From Crosby Park, Russell Farm Park, And The Richmond Green Sports Centre & Park, With Tennis Courts, Trails, And Skating. Commuters Enjoy Quick Access To Highway 404, With Highway 407 And The GO Transit Network Close By For Easy Travel Across The GTA, Plus Convenient YRT Bus Service Along Bayview Avenue. This Is A Rare Opportunity To Own A Beautifully Renovated, Turn-Key Home In One Of Richmond Hill's Most Sought-After, Family-Friendly Enclaves.
Estimate your monthly payments for this property
Estimated Payment
$5,507.05/mo
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.
47 Lafferty Lane, 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
Competitive Pricing
At $623/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.
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 $5,188 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.