$643,000 - 8888 Yonge Street Unit 622, Richmond Hill
Condo for Sale in Richmond Hill
New — Listed 3 days agoNeighbourhood: South Richvale
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- MLS Number
- N14095722
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Richmond Hill
- Taxes (2026)
- $2,556
- Maintenance Fees
- $491/mo
- Locker
- None
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Discover Luxury Living at 8888 Yonge Street! An exceptional opportunity to own a BRAND-NEW, NEVER-LIVED-IN, BUILDER-DIRECT residence in the heart of Richmond Hill! Professionally staged and beautifully presented, this stunning 2-bedroom, 2-bathroom suite offers 708 sq. ft. of thoughtfully designed interior living space plus an impressive 85 sq. ft. private terrace. Enjoy a functional, modern layout featuring a spacious primary bedroom, a versatile second bedroom ideal for guests or a home office, and two stylish 3-piece bathrooms, one with a relaxing bathtub and the other with a sleek glass-enclosed shower. Desirable northwest exposure offers beautiful, clear, unobstructed views, creating the perfect setting to relax and unwind. Experience the convenience of an unbeatable location at Yonge Street and Highway 7, just minutes from shopping, restaurants, entertainment, Langstaff GO Station, VIVA Transit, and the planned Yonge North Subway Extension. An incredible opportunity for first-time buyers, professionals, and investors alike! Parking available for purchase at $60,000 plus applicable taxes and locker at $5,000. BUILDER VTB FINANCING AVAILABLE! Advertised price excludes HST. Enjoy peace of mind with TARION NEW HOME WARRANTY coverage!. Your opportunity to own a beautiful new home in one of Richmond Hill's most convenient locations starts here.
Estimate your monthly payments for this property
Estimated Payment
$3,298.92/mo
Includes CMHC insurance ($17,940)
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 622, 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 $919/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.
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. The $491/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 700 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 $2,679 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.