$888,888 - 7 Abitibi Street, Richmond Hill
Townhouse for Sale in Richmond Hill
New — Listed yesterday- MLS Number
- N13010558
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Prime Richmond Hill location! Steps to Yonge Street with a 1-minute walk to the bus terminal at your doorstep, offering direct service to Finch Station every 5 minutes during rush hour. Walking distance to top-ranked schools, banks, and major amenities including Longo's, Real Canadian Superstore, and No Frills. Minutes to Richmond Hill GO Station. This is a Bright, sun-filled, and well-maintained freehold townhouse with NO POTL fees. Functional and spacious layout featuring 9 ft ceilings on the main floor and hardwood flooring throughout. Move-in ready. Deep lot with a private, open, unobstructed backyard-perfect for relaxing or entertaining. Rare parking for a townhouse with a long driveway accommodating 2 cars plus 1 garage space (total 3 parking). Finished basement with a 3-piece bathroom, office, and exercise area-ideal for growing families or flexible use. Recent upgrades include new interlock pathway (2024), new asphalt driveway (2024), and new blinds (2024). Located in a quiet, family-friendly neighbourhood with excellent walkability. Perfect for first-time buyers, upsizers, or downsizers.
Estimate your monthly payments for this property
Estimated Payment
$4,560.46/mo
Includes CMHC insurance ($24,800)
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.
7 Abitibi Street, Richmond Hill
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Rental income estimator & ROI calculator
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 $808/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.
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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Richmond Hill have shown strong appreciation as families seek more space.
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 $3,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.