$1,288,000 - 8888 Yonge Street Unit 1204, Richmond Hill
Condo for Sale in Richmond Hill
135 days on market- MLS Number
- N12577098
- Property Type
- Condo
- Status
- active
- Days on Site
- 135
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Discover unmatched LUXURY LIVING** 1731+ 3 BALCONIES (205 SQ.FT.) *** BUILT in 2025 NEWLY constructed corner residence featuring 3 bedrooms + a private den, 3 baths, 2 side-by-side parking spots, and a locker. Step inside through a solid core entry door into an expansive, light-filled layout highlighted by three separate balconies and unobstructed skyline and treetop views. The open-concept living and dining area flows seamlessly, creating an airy atmosphere perfect for both everyday living and entertaining.The sleek designer kitchen boasts two-tone cabinetry, under-cabinet lighting, a waterfall island with polished quartz edges, stainless steel undermount sink with pull-down faucet, and a full suite of advanced Energy Star appliances. Spa-inspired bathrooms feature quartz counters, porcelain slabs, a deep soaker tub, rainfall showerheads, and glass walk-in showers. A rare full-size laundry room with high-efficiency machines and an additional bonus room-ideal for a home library, office, or creative studio-add true functional luxury. Premium finishes include 9' smooth ceilings and engineered hardwood laid in elegant herringbone throughout.Located on iconic Yonge Street, this central address brings convenience to your doorstep-walk to top schools, shops, restaurants, transit, and the GO station. Enjoy first-class amenities: a striking lobby, high-speed elevators, state-of-the-art fitness centre, pet spa, BBQ terrace, media lounges, yoga/pilates areas, children's dream space, Zen garden, private event room with chef's kitchen, and 24-hour concierge with full surveillance. A modern, energy-efficient building designed for effortless, turn-key living.
Estimate your monthly payments for this property
Estimated Payment
$5,697.26/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 1204, 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 $805/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 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.
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 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 $5,367 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.