420-309 Major Mackenzie Drive, Richmond Hill, ON
Harding, Richmond Hill · MLS® N13116894
About this home
Welcome to Cedar Gate in the heart of Richmond Hill! This spacious 1+1 bedroom, 2-bathroom condo offers 850 sq ft of well-designed living space with a west-facing exposure that fills the unit with natural light. The open-concept living and dining area features laminate flooring and large windows, creating a bright and inviting space. The kitchen is equipped with stainless steel appliances and a convenient breakfast bar. The primary bedroom includes a large closet and a 4-piece ensuite, combined with a solarium, providing the perfect space for a home office, reading area, or additional sitting space. This unit also comes with 1 parking space and 1 locker for added storage. All utilities are included in the maintenance fees, making for easy and predictable living. Residents enjoy access to excellent building amenities, including a gym, squash court, games room, leisure room, party room, and a seasonal outdoor pool and 24 hour concierge. A fantastic opportunity to enjoy comfortable condo living in a well-established Richmond Hill community!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13116894
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 800-899
- Cross streets
- Yonge St and Major Mackenzie Dr E
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $884/mo
- Exposure
- West
- Property tax
- $1,924 / 2025
- Days on market
- 66
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Rooms
4 pc ensuite · large closet · combined w/solarium
stainless steel appl · concrete counter · laminate
combined w/kitchen · laminate · open concept
open concept · window floor to ceiling · laminate
glass doors · west view · laminate
Listed at $495,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $451K, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $599K
- Adjusts to $599K
That comparable adjusts to $599K; the $498K estimate above is the median of all 6 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Alexander Mackenzie HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Major Mackenzie Dr. E. @ Cedar Ave. is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $498K, median of 6 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Open-concept layout: modern, sought-after flow.
- Weigh carefully
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 1% below the area average of $591/sqft.
51 days longer than the Richmond Hill average (15 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Harding, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Major Mackenzie Dr. E. @ Cedar Ave., about 106 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Richmond Hill.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $396,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,113
- Property tax
- $160
- Condo / maintenance fees
- $884
- Heating
- $0
- Estimated monthly cost
- $3,158
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,375
- Estimated closing costs
- $6,375
Plus your down payment of $99,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $126,792
- Principal paid down
- $50,431
- Interest paid
- $76,361
- Balance remaining
- $345,569
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.