$719K · 3 bed Condo Townhouse · Unit 1404, 56 Elizabeth Street, Richmond Hill, Ontario L4C 5W2

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About this home

Price to Sell!! Great Value in the Heart of Richmond Hill! Less than 1-year-old stacked townhouse within walking distance to Yonge St. This sun-filled west-facing 2+Den (den with doors, ideal as a 3rd bedroom or office) offers a smart, functional layout with an open-concept kitchen, dining, and living area, plus a stylish breakfast island. Includes 1 owned parking. (1 additional parking is rented) . Enjoy the perfect blend of comfort and convenience-nestled in a quiet enclave yet just minutes to…

Property details

MLS#

N13028030

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

Stacked Townhouse

Type

Condo Townhouse

Year built

2023

Occupancy: Owner Occupied
Washrooms: 4 pc · Flat; 3 pc · Second; 4 pc · Second
Family room: Family room
Central vacuum: No
Ensuite laundry: No

Condo corp #: 1571
Balcony: Terrace
Locker: None
Fees include: Common Elements Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Arnold Cres & Elizabeth Street S
Stories: 2
Utilities: —
Laundry: Ensuite
Laundry level: Main Level
Interior: Primary Bedroom - Main Floor, None
Parking features: Underground

Price movement & seller pressure

↓ $30KPrice reduction

MLS shows the seller reduced the asking price by $30,000 (from $749,000 to $719,000).

Motivated SellerWhy this label

92 days on market — Listing has been active for 92 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $719,000✓ $0 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,640/mo

incl. closing costs (yr 1)

Annual total

$67,677

year 1

Mortgage only

$2,728/mo

principal + interest

Beyond mortgage

$1,549/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$143,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$0/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%$7,190/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)$43/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$10,855

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)48% $32,732/yr

Property taxes16% $10,855/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance11% $7,190/yr

Condo fees9% $6,240/yr

Closing costs8% $5,100/yr

Mortgage is 48% of your true cost of ownership. The other 52% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$32,732	$2,728/mo
Government & taxes
Land transfer tax(closing)	$10,855	$905/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%)	$7,190	$599/mo
Condo fees
Condo / HOA fees	$6,240	$520/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	$67,677	$5,640/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 1404

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs