$539,900 - 8868 Yonge Street Unit 1107E, Richmond Hill
Condo for Sale in Richmond Hill
37 days on marketNeighbourhood: South Richvale
- MLS Number
- N13577814
- Property Type
- Condo
- Status
- active
- Days on Site
- 37
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Richmond Hill
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
*Bright, Spacious & Luxurious 1 Bedroom Suite W/Separate Den(Could Be 2nd Bedroom) 2 Full Baths, Approx 9 Foot Ceilings, Locker, Parking & Balcony W/Unobstructed Panoramic Views *Upgraded Custom Window Blinds & Beautiful Laminate Floors Throughout *Open Concept Living& Dining Area With Big Bright Window, Upgraded Blinds & Walkout To Balcony *Modern Kitchen W/Stainless Steel Appliances, Tiled Backsplash & Centre Island *Bright Primary Bedroom W/Custom, Upgraded Blinds, Double Closet & Full 4 Pc Ensuite Bathroom *Separate Den/2nd Bedroom With Sliding Frosted Glass Door & Steps To 3 Pc Bathroom *Great Suite, Building and Location, Location, Location *24 Hour Concierge, Friendly Staff & Great Facilities Include Party Room, Lounge, Rooftop Patio W/Sitting & BBQ Area, Gym, Basketball Court, Yoga Studio, Sauna, Dog Wash, Visitor Parking & Much More *Conveniently Located On Yonge Street, Walk To Everything You Would Need, Parks, Schools, Great Shopping, Restaurants, Movie Theatre, Entertainment, Easy Access To 407, 404 & Langstaff GO Station *Public Open House This Saturday July 25 Between 2:00-4:00 PM
Estimate your monthly payments for this property
Estimated Payment
$2,769.97/mo
Includes CMHC insurance ($15,063)
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 South Richvale
South Richvale 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 South Richvale
- •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
South Richvale 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.
8868 Yonge Street Unit 1107E, 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
Fair Market Value
At $900/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.
Market Position
At 37 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.
Efficient Living
At 600 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.
About South Richvale
I know South Richvale 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 $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.