9471 Yonge Street Unit 533, Richmond Hill

Price: $470,000

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: N13537768

Welcome to this bright and beautifully maintained suite in one of Richmond Hill's most sought-after condo communities. Thoughtfully designed with a functional open-concept layout, this home offers comfortable everyday living with spacious principal rooms, abundant natural light, and a private balcony to enjoy your morning coffee or unwind after a long day. The well-appointed kitchen flows seamlessly into the living and dining areas, creating an inviting space for both relaxing and entertaining. Residents enjoy exceptional building amenities, including a fully equipped fitness centre, indoor pool, and 24-hour concierge, offering both convenience and peace of mind. Ideally located in the heart of Richmond Hill, you're just steps to Hillcrest Mall, restaurants, cafés, grocery stores, parks, public transit, and everything the vibrant Yonge Street corridor has to offer, with easy access to major highways for a seamless commute. Brand new cabinets, countertops, faucets, door, appliances and hood fan. Whether you're a first-time buyer, downsizer, or investor, this is an opportunity to own in a premier location where lifestyle, convenience, and value come together. Don't miss your chance to make this exceptional condo your own.

9471 Yonge Street Unit 533 - Condo photo 1 of 16 in Richmond Hill, Ontario
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$470,000 - 9471 Yonge Street Unit 533, Richmond Hill

Condo for Sale in Richmond Hill

47 days on market

Neighbourhood: Observatory

2Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
N13537768
Property Type
Condo
Status
active
Days on Site
47
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Richmond Hill
Locker
Owned
Exposure
North East
Balcony
Open
Listing Brokerage
RARE REAL ESTATE
Description

Welcome to this bright and beautifully maintained suite in one of Richmond Hill's most sought-after condo communities. Thoughtfully designed with a functional open-concept layout, this home offers comfortable everyday living with spacious principal rooms, abundant natural light, and a private balcony to enjoy your morning coffee or unwind after a long day. The well-appointed kitchen flows seamlessly into the living and dining areas, creating an inviting space for both relaxing and entertaining. Residents enjoy exceptional building amenities, including a fully equipped fitness centre, indoor pool, and 24-hour concierge, offering both convenience and peace of mind. Ideally located in the heart of Richmond Hill, you're just steps to Hillcrest Mall, restaurants, cafés, grocery stores, parks, public transit, and everything the vibrant Yonge Street corridor has to offer, with easy access to major highways for a seamless commute. Brand new cabinets, countertops, faucets, door, appliances and hood fan. Whether you're a first-time buyer, downsizer, or investor, this is an opportunity to own in a premier location where lifestyle, convenience, and value come together. Don't miss your chance to make this exceptional condo your own.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,411.34/mo

Includes CMHC insurance ($13,113)

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5-yr fixed avg.

Principal: $423,000Interest: $287,290
Mortgage Amount$436,113
Total Interest$287,290
Est. Property Tax$333/mo
Total Cost$723,403

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.

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Neighbourhood Guide: Observatory

Discover Observatory

Observatory 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 Observatory

  • 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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Observatory 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.

70
Walk Score
Varies
Price Range

9471 Yonge Street Unit 533, Richmond Hill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$333
Insurance (est.)-$98
Net Cash Flow+$1,379

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $783/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.

Negotiation Opportunity

At 47 days on site, this property has exceeded the typical selling timeline for Richmond Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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 Observatory

I know Observatory 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    9471 Yonge Street Unit 533, Richmond Hill | $470,000 | Battaglia Team