21 Elizabeth Street Unit 205, Richmond Hill

Price: $490,000

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: N13497070

Welcome to this bright and spacious 2-bedroom corner unit featuring a desirable east exposure in a well-maintained, low-rise building with a warm and welcoming community atmosphere. Located in the highly sought-after Mill Pond neighbourhood of Richmond Hill, you'll enjoy easy access to beautiful parks, scenic walking trails, restaurants, and shopping, all just minutes from Yonge Street. The GO Station is only a 15-minute walk away, offering convenient commuting options.This inviting home features a brand-new stainless steel refrigerator, stainless steel range and hood fan, a recently installed stainless steel dishwasher, and a cozy electric fireplace. Offering comfort, convenience, and an exceptional location, this is a wonderful opportunity to enjoy safe, peaceful condo living in one of Richmond Hill's most desirable communities. Recently Renovated, Don't miss it!

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$490,000 - 21 Elizabeth Street Unit 205, Richmond Hill

Condo for Sale in Richmond Hill

Popular Listing

Neighbourhood: Mill Pond

2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
N13497070
Property Type
Condo
Status
active
Days on Site
10
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Richmond Hill
Locker
Owned
Exposure
North East
Balcony
Open
Listing Brokerage
HOMELIFE GOLCONDA REALTY INC.
Description

Welcome to this bright and spacious 2-bedroom corner unit featuring a desirable east exposure in a well-maintained, low-rise building with a warm and welcoming community atmosphere. Located in the highly sought-after Mill Pond neighbourhood of Richmond Hill, you'll enjoy easy access to beautiful parks, scenic walking trails, restaurants, and shopping, all just minutes from Yonge Street. The GO Station is only a 15-minute walk away, offering convenient commuting options.This inviting home features a brand-new stainless steel refrigerator, stainless steel range and hood fan, a recently installed stainless steel dishwasher, and a cozy electric fireplace. Offering comfort, convenience, and an exceptional location, this is a wonderful opportunity to enjoy safe, peaceful condo living in one of Richmond Hill's most desirable communities. Recently Renovated, Don't miss it!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,513.95/mo

Includes CMHC insurance ($13,671)

$
$
5%10%50%

5-yr fixed avg.

Principal: $441,000Interest: $299,515
Mortgage Amount$454,671
Total Interest$299,515
Est. Property Tax$347/mo
Total Cost$754,186

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: Mill Pond

Discover Mill Pond

Mill Pond 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 Mill Pond

  • 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

Mill Pond 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

21 Elizabeth Street Unit 205, 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)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$347
Insurance (est.)-$102
Net Cash Flow+$1,231

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 $613/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.

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.

About Mill Pond

I know Mill Pond 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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    21 Elizabeth Street Unit 205 | $490,000 | Battaglia Team