6 David Eyer Road Unit 518, Richmond Hill

Price: $499,000

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: N13505342

Welcome to Elgin East by Sequoia Grove Homes! This bright and modern 1-bedroom suite offers 568 sq.ft. of thoughtfully designed living space with 9-ft smooth ceilings, an open-concept layout, and premium builder upgrades throughout. The modern kitchen features quartz counter tops, built-in appliances and upgraded cabinetry, while the upgraded bathroom adds a stylish touch. Enjoy a large private balcony overlooking the beautifully landscaped courtyard. Rogers Ignite Internet is included. Outstanding building amenities include a concierge, piano lounge, party room, outdoor BBQ area, theatre, hobby room, gym, and yoga studio. Ideally located just minutes from Costco, Home Depot, Walmart, Dollarama, Restaurants, The Library, Community Centre, Highway 404, and the Go Train.

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New Listing
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$499,000 - 6 David Eyer Road Unit 518, Richmond Hill

Condo for Sale in Richmond Hill

New — Listed 6 days ago

Neighbourhood: Rural Richmond Hill

1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
N13505342
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Richmond Hill
Locker
Owned
Exposure
South
Balcony
Open
Listing Brokerage
BRIDLEPATH PROGRESSIVE REAL ESTATE INC.
Description

Welcome to Elgin East by Sequoia Grove Homes! This bright and modern 1-bedroom suite offers 568 sq.ft. of thoughtfully designed living space with 9-ft smooth ceilings, an open-concept layout, and premium builder upgrades throughout. The modern kitchen features quartz counter tops, built-in appliances and upgraded cabinetry, while the upgraded bathroom adds a stylish touch. Enjoy a large private balcony overlooking the beautifully landscaped courtyard. Rogers Ignite Internet is included. Outstanding building amenities include a concierge, piano lounge, party room, outdoor BBQ area, theatre, hobby room, gym, and yoga studio. Ideally located just minutes from Costco, Home Depot, Walmart, Dollarama, Restaurants, The Library, Community Centre, Highway 404, and the Go Train.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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: Rural Richmond Hill

Discover Rural Richmond Hill

Rural Richmond Hill 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 Rural Richmond Hill

  • 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

Rural Richmond Hill 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

6 David Eyer Road Unit 518, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,018

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

Fair Market Value

At $998/sqft, this property is priced in line with current Richmond Hill market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

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. We'll want to verify the monthly fees and what they include.

Efficient Living

At 500 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 Rural Richmond Hill

I know Rural Richmond Hill 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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    6 David Eyer Road Unit 518, Richmond Hill | $499,000 | Battaglia Team