9 Northern Heights Drive Unit 711, Richmond Hill

Price: $550,000

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: N13455248

Beautifully updated suite in Empire Place on Yonge, featuring stunning sunset views and abundant natural light facing yonge st. Functional split-bedroom floor plan offering excellent privacy, with two full bathrooms and ensuite laundry. Upgraded with new laminate floors. Spacious primary bedroom with walk-in closet. Includes underground parking and locker. Well-managed building with all utilities included in maintenance fees and luxury five-star amenities. Prime Richmond Hill location close to Hwy 407, transit, shopping, dining, schools, golf, and Mackenzie Health.Extras:

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active
New Listing
1/23

$550,000 - 9 Northern Heights Drive Unit 711, Richmond Hill

Condo for Sale in Richmond Hill

New — Listed yesterday
2Beds
2Baths
800Sq Ft
Condo
Property Details
MLS Number
N13455248
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Richmond Hill
Locker
Exclusive
Exposure
West
Balcony
Open
Listing Brokerage
HOUSESIGMA INC.
Description

Beautifully updated suite in Empire Place on Yonge, featuring stunning sunset views and abundant natural light facing yonge st. Functional split-bedroom floor plan offering excellent privacy, with two full bathrooms and ensuite laundry. Upgraded with new laminate floors. Spacious primary bedroom with walk-in closet. Includes underground parking and locker. Well-managed building with all utilities included in maintenance fees and luxury five-star amenities. Prime Richmond Hill location close to Hwy 407, transit, shopping, dining, schools, golf, and Mackenzie Health.Extras:

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,821.79/mo

Includes CMHC insurance ($15,345)

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5-yr fixed avg.

Principal: $495,000Interest: $336,191
Mortgage Amount$510,345
Total Interest$336,191
Est. Property Tax$390/mo
Total Cost$846,536

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.

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Neighbourhood Guide: Richmond Hill

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

9 Northern Heights Drive Unit 711, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$390
Insurance (est.)-$115
Net Cash Flow+$1,175

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $688/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.

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.

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.

Efficient Living

At 800 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 $2,292 (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.

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    9 Northern Heights Drive Unit 711 | $550,000 | Battaglia Team