$574,900 - 8501 Bayview Avenue Unit 1107, Richmond Hill
Condo for Sale in Richmond Hill
Popular ListingNeighbourhood: Doncrest
- MLS Number
- N13676148
- Property Type
- Condo
- Status
- active
- Days on Site
- 9
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Ensuite
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Welcome to 8501 Bayview Avenue, where space, comfort and convenience come together. This spacious 2-bedroom plus den suite offers the feeling of a home with the ease of condominium living.Enjoy a bright and generous layout with plenty of room for comfortable everyday living and entertaining. The open living and dining areas provide a welcoming space for family gatherings,while the versatile den offers the perfect option for a home office, reading area or additional living space. A private balcony extends your living area outdoors and provides a lovely place to enjoy your morning coffee or unwind at the end of the day.The well-maintained building offers an impressive range of amenities designed to make everyday life easier and more enjoyable, including concierge and security services, indoor and outdoor recreational facilities, a fitness centre, swimming pool, sauna, tennis and squash courts,party/meeting room, BBQ area and guest suites.Another standout feature is the convenience of having utilities included in the maintenance fees, offering added value and greater peace of mind.Ideally located in Richmond Hill's desirable Doncrest community, with easy access to Bayview Avenue, Highway 7, Hwy 404 and Hwy 407. Enjoy nearby shopping, restaurants, groceries, parks,schools, transit and everyday conveniences, all within easy reach.A spacious home in a well-established community, offering comfort, amenities and an exceptionally convenient Richmond Hill location.You are steps away from top-ranked schools, including Toronto Montessori School (Bayview campus)
Estimate your monthly payments for this property
Estimated Payment
$2,949.53/mo
Includes CMHC insurance ($16,040)
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.
8501 Bayview Avenue Unit 1107, 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 $479/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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Doncrest
I know Doncrest 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 $2,395 (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.