$1,999,000 - 8888 YONGE Street Unit 103 L/W, Richmond Hill
Condo for Sale in Richmond Hill
71 days on market- MLS Number
- N12956138
- Property Type
- Condo
- Status
- active
- Days on Site
- 71
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,250 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
A brand-new, mixed-use live/work unit in the vibrant heart of Richmond Hill, at the prime intersection of Yonge and Highway 7. This spacious 2,473 sq. ft. ground-floor unit, with a 45 sq. ft. outdoor space, is perfectly designed for professionals who seek to combine their business and home life. With RM10 zoning, this unit features a dedicated commercial space plus a bright, residential layout: on the main floor, a bonus room and flexible work area, and on the second floor, a stylish kitchen, dining, and living space, alongside three bedrooms (including a private primary suite) and two full baths. Facing northwest, enjoy natural light and street exposure. Conveniently located steps from Langstaff GO Station, transit, and major routes, this is the perfect opportunity to invest in a dynamic space that truly fits your lifestyle. Lockers can be purchased for $5,000. Maintenance fees are $13.65 for storage and $45.00 for parking. Exclusive Rogers Internet Cable rights for the entire building, with a special offer of approximately $50 per month for internet service.
Estimate your monthly payments for this property
Estimated Payment
$8,842.25/mo
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.
8888 YONGE Street Unit 103 L/W, 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
Fair Market Value
At $888/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 71 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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 $8,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.