$508,000 - 75 King William Crescent Unit Ph01, Richmond Hill
New Construction for Sale in Richmond Hill
135 days on market- MLS Number
- N12597302
- Property Type
- New Construction
- Status
- active
- Days on Site
- 135
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- BAY STREET INTEGRITY REALTY INC.
$$$+++ Spent In Upgrades! Luxury Penthouse Residence in the Heart of Richmond Hill with a rare offering combining elegance, comfort, and breathtaking unobstructed views. Located in one of Richmond Hill's most desirable communities, this sun-filled penthouse features an open-concept layout, featuring soaring 9' ceilings, and floor-to-ceiling windows that fill the home with natural light. Brand New Vinyl Floor and Fresh Painting , Bathroom vanity with led mirror. The spacious living and dining areas create a perfect setting for entertaining, while the modern kitchen with Brand New Fridge and Dishwasher, and a functional design for everyday living. Step outside onto the expansive private terrace and enjoy panoramic city views-an ideal space for morning coffee, evening relaxation, or hosting friends and family.Residents of the building enjoy top-tier amenities, including a fitness center, party room, 24-hour concierge, and visitor parking. Conveniently located near parks, shopping centers, public transit, top-rated schools, and major highways, this penthouse offers unmatched convenience and lifestyle.Perfect for professionals, families, or anyone seeking an elevated living experience in a prime location.
Estimate your monthly payments for this property
Estimated Payment
$2,606.30/mo
Includes CMHC insurance ($14,173)
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.
75 King William Crescent Unit Ph01, 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 $847/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 135 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.
Efficient Living
At 600 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.
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 $2,117 (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.