$698,000 - 23 Observatory Lane Unit 272, Richmond Hill
Condo for Sale in Richmond Hill
New — Listed 6 days agoNeighbourhood: Observatory
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- MLS Number
- N13852020
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2026)
- $3,588
- Maintenance Fees
- $358/mo
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- MASTER`S TRUST REALTY INC.
Bright * Corner End-Unit * Townhome Like a Semi at Yonge & Carville! Beautifully renovated and freshly painted 3-bedroom, 3-washroom townhome in the desirable Hillcrest Mall area. Enter through a charming tree-lined walkway and lovely front garden into a bright and spacious open-concept home featuring * 9-ft ceilings * on the main floor and hardwood flooring throughout. Large eat-in kitchen with quartz countertops, stylish backsplash, gas stove, and French door refrigerator, Brand-New dishwasher. The kitchen also features a wonderful walkout to a private balcony, bringing in abundant natural light and providing a great space for relaxing and entertaining. Three generously sized bedrooms upstairs, along with * two newly renovated bathrooms.* The lower level offers a spacious sitting area, ample storage, and a convenient laundry room, Direct access from the large garage, plus a driveway for additional parking. * Bonus: Hot water tank owed. AC (2023), * Prime and convenient location close to Hillcrest Mall, Yonge Street transit, GO Station, shops, restaurants, T&T Supermarket, grocery stores, banks, parks, schools, and everyday amenities. Located in a well-established community with plenty of visitor parking. Excellent opportunity to enjoy comfortable and convenient living in a vibrant Richmond Hill neighbourhood! Move-in ready!
Estimate your monthly payments for this property
Estimated Payment
$3,581.10/mo
Includes CMHC insurance ($19,474)
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 Observatory
Observatory 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 Observatory
- •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
Observatory 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.
23 Observatory Lane Unit 272, 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 $582/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. The $358/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
About Observatory
I know Observatory 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.