$569,000 - 3 ELLESMERE Street Unit 721, Richmond Hill
Condo for Sale in Richmond Hill
Neighbourhood: Langstaff
- MLS Number
- N13463268
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Confession: I see a lot of condos. Some are beautiful in the photos and disappointing in person. Some have great locations but awkward layouts. Some have nice finishes but no soul.This isn't one of those condos.Perched on the 7th floor of The Gates of Bayview Glen, this 2-bedroom suite gets the fundamentals right-and that's rarer than you think. The layout makes sense. The rooms are properly sized. The natural light shows up every day without being asked. And the unobstructed northeast view is the kind you'll appreciate long after the excitement of moving day wears off.At approximately 840 sq. ft., the open-concept living and dining area offers plenty of space to relax, entertain, work from home, or do all three at the same time. The updated kitchen features a breakfast bar overlooking the main living space and direct access to the balcony-because coffee simply tastes better with a view.You'll find two spacious bedrooms, one full bathroom, underground parking, a locker, and the kind of practical storage space that makes everyday living easier. Laminate flooring in the living and dining areas adds a fresh, modern touch, while the functional layout offers flexibility for first-time buyers, downsizers, professionals, and investors alike.The location is equally compelling. Steps to Yonge Street. Close to shopping, restaurants, parks and schools. Easy access to Highway 407. One bus ride to Finch Subway Station. Whether you drive, commute, work remotely, or some combination of all three, life here is remarkably convenient.This isn't the biggest condo in Richmond Hill.It doesn't need to be.It's the kind of condo people buy because it feels right the moment they walk through the door.The photos tell part of the story. The view does the rest.
Estimate your monthly payments for this property
Estimated Payment
$2,919.26/mo
Includes CMHC insurance ($15,875)
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 Langstaff
Langstaff 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 Langstaff
- •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
Langstaff 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.
3 ELLESMERE Street Unit 721, 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 $711/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.
Market Position
At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 Langstaff
I know Langstaff 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.
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 $2,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.