65 Saigon Drive Unit B103, Richmond Hill

Price: $899,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: N12354569

Rare 2 Bed, 2 Bath Bungalow-Style Corner Suite Located At 'The Hill On Bayview'!! Never Lived-In, This Ultra Spacious, Bright & Stylishly Appointed Home Fuses Modern Luxury In A Superbly Functional Layout. Features Include 10' Ceilings Throughout, Large Foyer, Open Concept Kitchen W/ High-End Built-In Appliances, Quartz Counters & Centre Island, Spacious Dining Area, Living Room With W/O To Private Backyard Patio Complete W/Gas BBQ Hook-Up, Primary Bedroom With W/I Closet & Ensuite Bath, In-Suite Laundry & Much More! Parking Spot & Separate Storage Locker Included. Amazing Location & Value Close To Amenities, Shopping & Highways. Must Be Seen!!! Some photos are VS staged.

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$899,000 - 65 Saigon Drive Unit B103, Richmond Hill

Condo for Sale in Richmond Hill

66 days on market
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
N12354569
Property Type
Condo
Status
active
Days on Site
66
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Richmond Hill
Locker
Owned
Exposure
South West
Balcony
Terrace
Listing Brokerage
RE/MAX WEST REALTY INC.
Description

Rare 2 Bed, 2 Bath Bungalow-Style Corner Suite Located At 'The Hill On Bayview'!! Never Lived-In, This Ultra Spacious, Bright & Stylishly Appointed Home Fuses Modern Luxury In A Superbly Functional Layout. Features Include 10' Ceilings Throughout, Large Foyer, Open Concept Kitchen W/ High-End Built-In Appliances, Quartz Counters & Centre Island, Spacious Dining Area, Living Room With W/O To Private Backyard Patio Complete W/Gas BBQ Hook-Up, Primary Bedroom With W/I Closet & Ensuite Bath, In-Suite Laundry & Much More! Parking Spot & Separate Storage Locker Included. Amazing Location & Value Close To Amenities, Shopping & Highways. Must Be Seen!!! Some photos are VS staged.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,612.34/mo

Includes CMHC insurance ($25,082)

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5-yr fixed avg.

Principal: $809,100Interest: $549,519
Mortgage Amount$834,182
Total Interest$549,519
Est. Property Tax$637/mo
Total Cost$1,383,701

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

65 Saigon Drive Unit B103, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
1.2%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$637
Insurance (est.)-$187
Net Cash Flow+$886

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Fair Market Value

At $899/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 66 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.

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 $3,746 (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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