$1.25M · 3 bed Condo Apartment · Unit Ph06, 398 Highway 7 Road, Richmond Hill, Ontario L4B 1A7

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Unit Ph06

398 Highway 7 Road · Richmond Hill · Ontario L4B 1A7

MLS® N12744238 · Doncrest · L4B 1A7

33TenantOccupied1200-1399 ft²Condo Apartment2-car UndergroundNo basement$962/ft²$4,098 tax/yrBuilt 20233 yrs oldNo basement

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About this home

**Extreme Rare*** Penthouse Living In Nearly New Valleymede Condo! Over 1400 Sq Ft Enjoyable Space With Soaring 10Ft Ceiling With Sophisticated Appliances Ensuring Your Luxurious Lifestyle Meets Quality Living! Primary Room And 2nd Bedroom Are Separated Ensuring Maximum Privacy And Enjoyment! **2 Side By Side Parkings With 1 Spacious Locker Inlcuded** Steps To Local Shops, Fine Dinnings & Shopping Centre!

Property details

MLS#

N12744238

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

3 full, 0 half

Rooms

Kitchens

Size

1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

2023

Occupancy: Tenant Occupied
Washrooms: 5 pc · Main; 4 pc · Main; 2 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 1424
Balcony: Open
Locker: Owned
Fees include: CAC Included, Common Elements Included, Condo Taxes Included, Heat Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete
Fronting on: —
Cross street: Highway 7 & Leslie
Stories: 15
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: None

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,250,000✓ $4,098 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$10,097/mo

incl. closing costs (yr 1)

Annual total

$121,168

year 1

Mortgage only

$4,742/mo

principal + interest

Beyond mortgage

$3,107/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$250,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$341/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$12,500/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$108/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$21,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)47% $56,905/yr

Property taxes21% $25,573/yr

Utilities3% $3,960/yr

Insurance & security1% $1,600/yr

Maintenance10% $12,500/yr

Condo fees13% $15,530/yr

Closing costs4% $5,100/yr

Mortgage is 47% of your true cost of ownership. The other 53% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$56,905	$4,742/mo
Government & taxes
Property tax	$4,098	$341/mo
Land transfer tax(closing)	$21,475	$1,790/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$12,500	$1,042/mo
Condo fees
Condo / HOA fees	$15,530	$1,294/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$121,168	$10,097/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit Ph06

About this home

MyStreetValue™ Analysis

Property details

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