$630,000 - 75 Weldrick Road Unit 318, Richmond Hill
Condo for Sale in Richmond Hill
Neighbourhood: Observatory
- MLS Number
- N13629936
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Richmond Hill
- Locker
- None
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Beautifully Updated 2-Bedroom, 2-Bathroom End Unit Condo Townhome In The Sought-After Observatory Community Of Richmond Hill. Renovated In 2025 With Ceilings, Fresh Paint, Modernized Kitchen And Bathrooms, And Brand-New Lights. Bright, Open-Concept Main Floor Features A Spacious Living/Dining Area With Gas Fireplace, And A Functional Kitchen With In-Suite Laundry. Upstairs Offers Two Generously Sized Bedrooms, Including A Primary With Walk-In Closet And Semi-Ensuite. Enjoy A Private Rooftop Terrace Perfect For Outdoor Dining Or Relaxation. Family & Pet-Friendly Complex With Private Playground. Walking Distance To Great Schools, Hillcrest Mall, T&T, H-Mart, No Frills, Community Centre, Parks, Library, Restaurants, And Public Transit. Easy Access To Hwy 7 & 407. !Fireplace sold as is.
Estimate your monthly payments for this property
Estimated Payment
$3,232.23/mo
Includes CMHC insurance ($17,577)
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.
75 Weldrick Road Unit 318, 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 $630/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 22 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.
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.
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 $2,625 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.