8 David Eyer Road Unit 1225, Richmond Hill

Price: $788,000

2 bedrooms, 3 bathrooms

900 sqft

Property Type: Condo

MLS#: N14089588

Welcome to modern townhouse living in the highly desirable Elgin East community of Richmond Hill! Discover this newer, beautifully designed 2-bedroom, 3-bathroom condo townhouse offering the perfect combination of contemporary style, comfort, and convenience. Enjoy the charm and privacy of townhouse living in a vibrant, growing neighbourhood surrounded by everyday conveniences. Ideally situated near Bayview Avenue and Elgin Mills Road, just minutes from Richmond Green Park, excellent schools, community centres, libraries, shopping, restaurants, Costco, and major amenities. Commuters will appreciate convenient access to Highway 404, GO Transit connections, and public transportation. Whether you're enjoying nearby parks and recreational facilities, entertaining family and friends, or simply relaxing at home, this exceptional property offers an ideal balance of urban convenience and suburban tranquility. An outstanding opportunity to own a newer townhouse in one of Richmond Hill's sought-after communities.

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New Listing
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$788,000 - 8 David Eyer Road Unit 1225, Richmond Hill

Condo for Sale in Richmond Hill

New — Listed 6 days ago

Neighbourhood: Rural Richmond Hill

2Beds
3Baths
900Sq Ft
Condo

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Property Details
MLS Number
N14089588
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
2
Bathrooms
3
Square Feet
900 sqft
Neighbourhood
Richmond Hill
Taxes (2026)
$3,474
Maintenance Fees
$311/mo
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
AECORN REALTY INC.
Description

Welcome to modern townhouse living in the highly desirable Elgin East community of Richmond Hill! Discover this newer, beautifully designed 2-bedroom, 3-bathroom condo townhouse offering the perfect combination of contemporary style, comfort, and convenience. Enjoy the charm and privacy of townhouse living in a vibrant, growing neighbourhood surrounded by everyday conveniences. Ideally situated near Bayview Avenue and Elgin Mills Road, just minutes from Richmond Green Park, excellent schools, community centres, libraries, shopping, restaurants, Costco, and major amenities. Commuters will appreciate convenient access to Highway 404, GO Transit connections, and public transportation. Whether you're enjoying nearby parks and recreational facilities, entertaining family and friends, or simply relaxing at home, this exceptional property offers an ideal balance of urban convenience and suburban tranquility. An outstanding opportunity to own a newer townhouse in one of Richmond Hill's sought-after communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,042.85/mo

Includes CMHC insurance ($21,985)

$
$
5%10%50%

5-yr fixed avg.

Principal: $709,200Interest: $481,669
Mortgage Amount$731,185
Total Interest$481,669
Est. Property Tax$558/mo
Total Cost$1,212,855

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

8 David Eyer Road Unit 1225, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$311
Property Tax (est.)-$558
Insurance (est.)-$164
Net Cash Flow+$1,247

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 $876/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. The $311/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 900 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.

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 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.

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    8 David Eyer Road Unit 1225, Richmond Hill | $788,000 | Battaglia Team