$589,500 - 8501 Bayview Avenue Unit 1414, Richmond Hill
Condo for Sale in Richmond Hill
41 days on market- MLS Number
- N13106472
- Property Type
- Condo
- Status
- active
- Days on Site
- 41
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Bright and spacious corner suite in the prestigious Bayview Place featuring approximately 1,352 sq. ft. of well-designed living space. This sun-filled unit offers 2 split bedrooms, 2 full bathrooms, a versatile solarium ideal for a home office or den, and an open balcony with stunning unobstructed northwest sunset views. Functional layout with floor-to-ceiling windows, 9-ft ceilings, and an inviting living/dining area perfect for entertaining.Updated eat-in kitchen with granite counters, pot lights, newer appliances, engineered hardwood flooring, fresh paint, renovated bathrooms, ensuite laundry, and generous storage throughout. Spacious primary bedroom includes a walk-in closet and private balcony access.Well-maintained luxury building with 24-hour gatehouse security and resort-style amenities including outdoor pool, jacuzzi, fitness centre, tennis & squash courts, billiards, party room, sauna, and beautifully renovated lobby/common areas.Prime Richmond Hill location close to Hwy 404, 407 & Hwy 7, GO Transit, Viva Hub, parks, schools, shopping, restaurants, and ravine trails. Includes 1 parking and 1 locker. Exceptional value in a highly sought-after community shows beautifully! Building is currently undergoing renovations, including replacement of all corridor carpeting with new upgraded flooring.
Estimate your monthly payments for this property
Estimated Payment
$3,024.44/mo
Includes CMHC insurance ($16,447)
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.
8501 Bayview Avenue Unit 1414, 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 $491/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.
Market Position
At 41 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,456 (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.