$1,339,000 - 8888 Yonge Street Unit 1205, Richmond Hill
Condo for Sale in Richmond Hill
33 days on marketNeighbourhood: South Richvale
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- MLS Number
- N13747496
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2025)
- $2,572
- Maintenance Fees
- $1,000/mo
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Welcome to Unit 1205 at 8888 Yonge Street Condos-a brand-new, never-occupied luxury residence offered directly by the Builder. This stunning 3-bedroom plus den, 3-bathroom suite has never been sold, leased or occupied and offers approximately 1,664 sq. ft. of spacious interior living plus a 175 sq. ft. private outdoor terrace. Designed for modern living and entertaining, this elegant 12th-floor residence is situated in a contemporary 15-storey building in a prime Richmond Hill location. Enjoy exceptional access to Hwy 407, Hwy 7, Langstaff GO Station, VIVA Transit and the future TTC Yonge North Subway Extension. Parking is available for purchase at $60,000 and lockers at $5,000. Additional monthly maintenance is approximately $45 for parking and $13.65 for a locker. The building offers exclusive Rogers internet service at a special building rate of approximately $26/month. An attractive Vendor Take-Back (VTB) mortgage option may also be available at a favorable rate, subject to terms and approval. As a brand-new, never-occupied Builder unit, the purchaser may also be eligible for applicable HST rebates, subject to government requirements and purchaser qualification. Buyers are advised to consult their lawyer and accountant regarding HST rebate eligibility. Experience exceptional space, contemporary luxury and convenience at 8888 Yonge Street!
Estimate your monthly payments for this property
Estimated Payment
$5,922.85/mo
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.
8888 Yonge Street Unit 1205, 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 $837/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 33 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. The $1000/month fees should cover building insurance, common elements, and reserve contributions.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
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 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.