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$559,000
8888 Yonge Street · Richmond Hill · Ontario L4C 5V6
59 days on market
Welcome to Unit 307, 8888 Yonge Street Condos! This bright and modern south-facing 2-bedroom, 2-bathroom suite includes PARKING & LOCKER and features soaring 9-ft ceilings, a spacious 100sqft balcony, and abundant natural light through floor-to-ceiling windows. The well-designed split-bedroom layout offers excellent privacy and comfort. Enjoy a contemporary kitchen with quartz countertops, stylish backsplash, stainless steel appliances, and a built-in island. Ideally located at Yonge St & Hwy 7/…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $70KPrice reduction
MLS shows the seller reduced the asking price by $70,000 (from $629,000 to $559,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: HOMELIFE LANDMARK REALTY INC.
Source: TRREB/PROPTX · MLS® N13709018
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $25,448 | $2,121/mo |
| Government & taxes | ||
| Property tax | $2,660 | $222/mo |
| Land transfer tax(closing) | $7,655 | $638/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%) | $5,590 | $466/mo |
| Condo fees | ||
| Condo / HOA fees | $6,556 | $546/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 | $58,569 | $4,881/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.