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$399K · 1 bed Condo Apartment · Unit 427, 8888 Yonge Street, Richmond Hill, Ontario L4C 5V6 | HomeSearchCanada

$399,000

Unit 427

70 DOM

1170d

Map

⚡ Insider Deal

DOM 70

↓ $40KPrice Reduced

$399,000

↓ $40K

DOM70days

Unit 427

8888 Yonge Street · Richmond Hill · Ontario L4C 5V6

MLS® N13125906 · South Richvale · L4C 5V6

11Vacant0-499 ft²Condo ApartmentNoneNo basement70d$800/ft²$1,975 tax/yrBuilt 20233 yrs oldNo basement

70 days on market

About this home

Luxury 1-Bedroom Condo in the heart of South Richvale, one of Richmond Hill's most desirable communities. This bright and functional unit offers 482 sq. ft. of interior living space plus a 45 sq. ft. balcony, making it an excellent opportunity for first-time home buyers, investors, or those seeking affordable ownership in a prime Yonge Street location. Featuring a modern open-concept layout with contemporary finishes, this well-designed suite maximises every square foot of living space. Resident…

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Property details

MLS#: N13125906
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1
Baths: 1 full, 0 half
Rooms: 4
Kitchens: 1
Size: 0-499Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: 2023

Occupancy: Vacant
Washrooms: 4 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Property features: Clear View, Library, Park, Public Transit, Rec./Commun.Centre, School

View: City, Clear

Condo corp #: 1576
Balcony: Open
Locker: None
Association amenities: Visitor Parking, Concierge, Exercise Room, Party Room/Meeting Room, Rooftop Deck/Garden, Sauna
Fees include: Building Insurance Included, Common Elements Included
Pets: No

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Yonge/Hwy 7
Stories: 4
Utilities: —
Laundry: In-Suite Laundry
Interior: Carpet Free
Parking features: None

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $40KPrice reduction

MLS shows the seller reduced the asking price by $40,000 (from $439,000 to $399,000).

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

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: HOMELIFE LANDMARK REALTY INC.

Source: TRREB/PROPTX · MLS® N13125906

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$399K

Unit 427 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $399,000✓ $1,975 tax✓ Gas✓ 0-499 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,614/mo

incl. closing costs (yr 1)

Annual total

$43,368

year 1

Mortgage only

$1,514/mo

principal + interest

Beyond mortgage

$1,270/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$79,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$165/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~250 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%$3,990/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)$29/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,460

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $18,164/yr

Property taxes15% $6,435/yr

Utilities9% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,990/yr

Condo fees9% $4,119/yr

Closing costs12% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$18,164	$1,514/mo
Government & taxes
Property tax	$1,975	$165/mo
Land transfer tax(closing)	$4,460	$372/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%)	$3,990	$333/mo
Condo fees
Condo / HOA fees	$4,119	$343/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	$43,368	$3,614/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 427

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