$999,000 - 392 Highway 7 Road Unit TH3, Richmond Hill
Condo for Sale in Richmond Hill
Neighbourhood: Doncrest
- MLS Number
- N13637892
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 2,750 sqft
- Neighbourhood
- Richmond Hill
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- CENTURY 21 MYPRO REALTY
Luxury Townhome with Private Elevator in the Heart of Richmond Hill!Welcome to this exceptional luxury townhome, perfectly situated in the heart of Richmond Hill. Approximately 2800 Sq.ft. living space. Offering 4 spacious bedrooms, 5 bathrooms, and parking for up to 4 vehicles with a double garage and double driveway, this home combines elegant design with everyday functionality. Thoughtfully designed with 9-foot ceilings, solid hardwood flooring, and oversized casement windows, the bright, open-concept layout is filled with natural light. The modern gourmet kitchen features stone countertops, built-in stainless steel appliances, ample cabinetry, and a walk-out to a private terrace, making it ideal for both entertaining and everyday living. The spacious second-floor living room is highlighted by a cozy gas fireplace, creating the perfect space to relax or host family and friends. A private elevator provides seamless access to all levels, offering exceptional convenience and making the home ideal for multi-generational families or those seeking enhanced accessibility. Ideally located within walking distance to shopping, restaurants, banks, parks, and public transit, with quick access to Highway 7, Highway 404, GO Transit, and the future Richmond Hill subway extension. Situated in a highly desirable neighbourhood close to top-rated schools and everyday amenities. A rare opportunity to own a sophisticated, move-in-ready luxury townhome in one of Richmond Hill's most convenient locations. A must see!
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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 Doncrest
Doncrest 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 Doncrest
- •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
Doncrest 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.
392 Highway 7 Road Unit TH3, 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 $363/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 19 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.
Larger Home Realities
At 2,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
Bathroom Count Matters
With 5 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.