11211 Yonge Street Unit 650, Richmond Hill

Price: $499,009

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: N13593186

Welcome to Mon Sheong Court, one of Richmond Hill's premier 55+ Life Lease communities, where comfort, convenience, and independent living come together.This bright 1 Bedroom + Den, 1 Bathroom suite features a functional open-concept layout with large windows, laminate flooring throughout, ensuite laundry, and a locker. The versatile den is ideal as a home office, hobby room, reading area, or space for overnight guests. Residents enjoy an exceptional selection of on-site amenities, including a full-service restaurant, medical clinic, Massage therapy, pharmacy, Satellite TV, fitness centre, barber shop, beauty salon, rooftop garden, table tennis, badminton court, karaoke and mahjong rooms, comfortable lounges, and a wide variety of organized social and recreational activities. A 24-hour concierge and on-site emergency response service provide added security and peace of mind. Ideally located along the Yonge Street corridor, Mon Sheong Court offers convenient access to shopping, public transit, parks, and everyday amenities. Maintenance fees include heat, water, heating and cooling, cable TV, and Wi-Fi, providing a truly worry-free lifestyle. Mon Sheong Court is A life lease senior independent living building, and that at least one resident must be 55 years of age or older. Property is being sold on an "As Is, Where Is" basis.

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active

$499,009 - 11211 Yonge Street Unit 650, Richmond Hill

Condo for Sale in Richmond Hill

77 days on market

Neighbourhood: Devonsleigh

2Beds
1Baths
700 - 1,099Sq Ft
Condo

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Property Details
MLS Number
N13593186
Property Type
Condo
Status
active
Days on Site
77
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Richmond Hill
Taxes (2026)
$1,912
Maintenance Fees
$739/mo
Locker
Exclusive
Exposure
North
Balcony
None
Listing Brokerage
HOMELIFE LANDMARK REALTY INC.
Description

Welcome to Mon Sheong Court, one of Richmond Hill's premier 55+ Life Lease communities, where comfort, convenience, and independent living come together.This bright 1 Bedroom + Den, 1 Bathroom suite features a functional open-concept layout with large windows, laminate flooring throughout, ensuite laundry, and a locker. The versatile den is ideal as a home office, hobby room, reading area, or space for overnight guests. Residents enjoy an exceptional selection of on-site amenities, including a full-service restaurant, medical clinic, Massage therapy, pharmacy, Satellite TV, fitness centre, barber shop, beauty salon, rooftop garden, table tennis, badminton court, karaoke and mahjong rooms, comfortable lounges, and a wide variety of organized social and recreational activities. A 24-hour concierge and on-site emergency response service provide added security and peace of mind. Ideally located along the Yonge Street corridor, Mon Sheong Court offers convenient access to shopping, public transit, parks, and everyday amenities. Maintenance fees include heat, water, heating and cooling, cable TV, and Wi-Fi, providing a truly worry-free lifestyle. Mon Sheong Court is A life lease senior independent living building, and that at least one resident must be 55 years of age or older. Property is being sold on an "As Is, Where Is" basis.

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Estimate your monthly payments for this property

Estimated Payment

$2,560.17/mo

Includes CMHC insurance ($13,922)

$
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5%10%50%

5-yr fixed avg.

Principal: $449,108Interest: $305,022
Mortgage Amount$463,030
Total Interest$305,022
Est. Property Tax$353/mo
Total Cost$768,052

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: Devonsleigh

Discover Devonsleigh

Devonsleigh 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 Devonsleigh

  • •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

Devonsleigh 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

11211 Yonge Street Unit 650, 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)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$739
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,004

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 $713/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 77 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. The $739/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 700 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.

About Devonsleigh

I know Devonsleigh well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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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    11211 Yonge Street Unit 650, Richmond Hill | $499,009 | Battaglia Team