67 Richmond Street Unit 504, Richmond Hill

Price: $449,000

2 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: N12852158

Welcome home to this move-in ready and AFFORDABLE unit!!! Undeniable value in Mill Pond - one of Richmond Hill's hottest neighbourhoods. This tastefully decorated boutique condo is located in a top notch school district - making it the perfect spot for families. Boasting two large bedrooms with a renovated bath plus soooo much closet space! All new floors throughout this spacious unit plus OVER 100sqft on the open balcony! This location is a walker's paradise - with a walkscore of 93 out of 100! Errands can be done on foot! Minutes to multiple parks, shops, restaurants, medical centres and all that Yonge Street has to offer. Interested in the arts? The Richmond Hill Philharmonic Orchestra AND the Richmond Hill Centre for the Performing Arts are just a few steps away. Leave the car parked in the underground parking space and skip the traffic! Commuter's dream - only a 20 minute walk to the GO stop and less than an hour to Union Station. Or take the car - this unit is only minutes to the 404. HEAT, HYDRO AND WATER are included in the maintenance fees. Spacious corner parking spot and a large locker are also included. Don't miss out! Book your private showing today!

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$449,000 - 67 Richmond Street Unit 504, Richmond Hill

Condo for Sale in Richmond Hill

105 days on market
2Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
N12852158
Property Type
Condo
Status
active
Days on Site
105
Bedrooms
2
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Richmond Hill
Locker
Exclusive
Exposure
East
Balcony
Open
Listing Brokerage
CENTURY 21 INNOVATIVE REALTY INC.
Description

Welcome home to this move-in ready and AFFORDABLE unit!!! Undeniable value in Mill Pond - one of Richmond Hill's hottest neighbourhoods. This tastefully decorated boutique condo is located in a top notch school district - making it the perfect spot for families. Boasting two large bedrooms with a renovated bath plus soooo much closet space! All new floors throughout this spacious unit plus OVER 100sqft on the open balcony! This location is a walker's paradise - with a walkscore of 93 out of 100! Errands can be done on foot! Minutes to multiple parks, shops, restaurants, medical centres and all that Yonge Street has to offer. Interested in the arts? The Richmond Hill Philharmonic Orchestra AND the Richmond Hill Centre for the Performing Arts are just a few steps away. Leave the car parked in the underground parking space and skip the traffic! Commuter's dream - only a 20 minute walk to the GO stop and less than an hour to Union Station. Or take the car - this unit is only minutes to the 404. HEAT, HYDRO AND WATER are included in the maintenance fees. Spacious corner parking spot and a large locker are also included. Don't miss out! Book your private showing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,303.60/mo

Includes CMHC insurance ($12,527)

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5-yr fixed avg.

Principal: $404,100Interest: $274,454
Mortgage Amount$416,627
Total Interest$274,454
Est. Property Tax$318/mo
Total Cost$691,081

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

67 Richmond Street Unit 504, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$318
Insurance (est.)-$94
Net Cash Flow+$1,283

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $499/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.

Negotiation Opportunity

At 105 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 900 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.

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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    67 Richmond Street Unit 504, Richmond Hill | $449,000 | Battaglia Team