$788,000 - 8763 Bayview Avenue Unit 230, Richmond Hill
Condo for Sale in Richmond Hill
New — Listed 2 days agoNeighbourhood: Doncrest
- MLS Number
- N13524542
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Tranquil Ravine Living Meets Urban Sophistication at the "Tao Condos". Discover the ultimate balance of nature and urban convenience in Richmond Hill. Backing onto a protected ravine, this modern boutique condominium offers serene, tree lined views right from your private balcony. Inside, soaring 10 foot ceilings and expansive windows flood the open concept layout with brilliant natural light. The gourmet kitchen, appointed with premium granite countertops and stainless steel appliances, flows effortlessly into the living space. Retreat to the primary suite, complete with a walk in closet, a three piece ensuite and walkout to your private balcony. A spacious second bedroom is complemented by a versatile den featuring a built in cabinet for extra storage, creating the ideal home office. A second washroom rounds out this functional floor plan. Beyond your suite, Tao residents enjoy the resort style amenities at your doorstep. Residents benefit from concierge services, a state of the art gym and yoga studio, a video game room, a pool table and foosball table room, and the pet spa. Host gatherings with ease using the expansive party room, private dining room, and communal lounge, all complemented by ample visitor parking. Commuting is effortless with public transit directly outside your front door, offering a one bus ride straight to the subway. You are also just minutes from Highway 407, GO Transit, and premium dining and shopping. EXTRA BONUS: UNIT COMES WITH A SIZEABLE LOCKER AND TWO DEEDED PARKING SPOTS.
Estimate your monthly payments for this property
Estimated Payment
$4,042.85/mo
Includes CMHC insurance ($21,985)
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.
8763 Bayview Avenue Unit 230, 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 $788/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.
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.
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 $3,283 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.