$859,000 - 60 Elizabeth Street Unit 3305, Richmond Hill
Condo for Sale in Richmond Hill
New — Listed yesterday- MLS Number
- N13466510
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- LANDPOWER REAL ESTATE LTD.
THE STRATEGIC EXECUTIVE ADVANTAGE - 2 SEPARATE PARKING SPOTS & FROZEN FEESAttention multi-vehicle families and discerning buyers: This is the unassailable value champion of the complex. While typical units on the block force you into single-vehicle limitations or frustrating tandem key-shuffling, this flagship 3-bedroom modern urban townhome delivers absolute lifestyle independence.THE MULTI-VEHICLE PREMIUM: Crucially features TWO fully owned, completely separate and independent underground parking spaces. No blocking each other in, no moving cars for your spouse, and no risking the volatile rental market for a second parking space. This configuration saves you thousands out of pocket and offers a multi-car lifestyle at a massive discount compared to local freehold prices.UNMATCHED FINANCIAL FORESIGHT: In an inflationary environment where neighboring condo fees are volatile, this impeccable corporation offers total budget predictability. Enjoy a confirmed 0% maintenance fee increase for the upcoming fiscal year. Backed by a robust, healthy reserve fund and clean audited financials, this $591.28/month fee is fully transparent and inclusive of BOTH your residential footprint and both independent parking deeds.**THE PROPERTY:**Immaculate, pristine, vacant condition. This flagship corner-style layout boasts a spacious 3-bedroom executive footprint topped by a breathtaking, private 368 sq ft rooftop terrace perfect for summer entertaining. Located in Richmond Hill's highly desirable core, you are steps to transit, top-tier schools, and urban amenities.POSSESSION: Mid-to-late summer timeline (after July 23rd), offering the absolute perfect runway for families to transition and get completely settled before the upcoming school year begins.Priced sharply and transparently to current market floors. Lockbox viewings available 24/7. Show with absolute confidence.
Estimate your monthly payments for this property
Estimated Payment
$4,407.12/mo
Includes CMHC insurance ($23,966)
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.
60 Elizabeth Street Unit 3305, 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 $716/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.
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 $3,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.