$599,000 - 8501 Bayview Avenue Unit 907, Richmond Hill
Condo for Sale in Richmond Hill
Neighbourhood: Doncrest
- MLS Number
- N13650980
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Richmond Hill
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
A rare opportunity to own one of the largest and most functional floor plans in the building, offering exceptional space, comfort, and value. This beautifully maintained residence features a spacious 2-bedroom + large den layout with 2 full bathrooms and approximately 1,209 sq. ft. of thoughtfully designed living space, plus a private balcony. The generously sized den can easily serve as a third bedroom, home office, or guest room-a significant advantage over many other layouts in the building. The bright, open-concept living and dining areas create an inviting space for both everyday living and entertaining. The eat-in kitchen offers ample cabinetry, generous counter space, and excellent functionality. The primary bedroom features a walk-in closet and a private ensuite. A separate oversized laundry room provides exceptional in-suite storage, a rare feature in condominium living. Maintenance fees include heat, hydro, water, cable TV, internet, and one underground parking space, providing outstanding value and predictable monthly expenses. Residents enjoy premium amenities including 24-hour concierge, outdoor pool, fitness centre, sauna, tennis and squash courts, party room, and ample visitor parking. Ideally located just minutes from shopping, restaurants, public transit, Highways 7, 404 & 407, Mackenzie Health, parks, and top-rated schools. Note: A temporary special assessment of $214.53/month is in effect until March 31, 2028. Upon completion, the monthly maintenance fee will be reduced effective April 1, 2028.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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 907, 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 $499/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 16 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.
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 $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.