1005-29 Northern Heights Drive, Richmond Hill, ON

Langstaff, Richmond Hill · MLS® N13224566

$649,000
For Sale
Listed 140 days agoNo offer date statedSitting longer than typical
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2Bedrooms
2Bathrooms
2Garage
1000-1199Sq ft

About this home

In short

  • Panoramic, High Floor SE Corner Unit In The Heart Of Richmond Hill.
  • This 2 Bdrm 2 Bath Condo includes 2 Parking Spaces and 1 Locker.
  • Primary Bdrm With 4Pc Ensuite with large W/I Closet.
  • Hydro, Water & Internet 1.5G is included in maintenance fee.
  • Super amenities; tennis court, BBQ area, children's play area, indoor pool & whirlpool, sauna, billards room, party room, fitness room, numerous visitor parking.

Panoramic, High Floor SE Corner Unit In The Heart Of Richmond Hill! This 2 Bdrm 2 Bath Condo includes 2 Parking Spaces and 1 Locker. Amazing South-East views from unit! Well-maintained by original owner! Eat-In Kitchen With Walkout To Spacious Balcony. Primary Bdrm With 4Pc Ensuite with large W/I Closet. Hydro, Water & Internet 1.5G is included in maintenance fee! Super amenities; tennis court, BBQ area, children's play area, indoor pool & whirlpool, sauna, billards room, party room, fitness room, numerous visitor parking! 24 hour gatehouse security guard for extra safety.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13224566
Bedrooms
2
Bathrooms
2
Size
1000-1199 sq ft
Cross streets
YONGE/16THAVENUE
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$1,318/mo
Exposure
South East
Property tax
$2,756 / 2025
Days on market
140
Listing brokerage
KW Living Realty

Rooms

Bedroom 2Flat4.45 × 2.73 m

laminate · east view · closet

KitchenFlat4.83 × 2.45 m

ceramic floor · galley kitchen · breakfast area

Living RoomFlat7.04 × 5.47 m

hardwood floor · combined w/dining · w/o to balcony

Primary BedroomFlat4.66 × 3.20 m

laminate · south view

BreakfastFlat2.49 × 2.44 m

laminate · eat-in kitchen · w/o to balcony

Dining RoomFlat7.04 × 5.47 m

hardwood floor · combined w/living

Our TakeTeam Asgarian · Broker
A small discount is typical
$631Klikely sale price

Listed at $649,000. Going by how homes in Langstaff and the wider GTA have actually closed against their asking prices (about 97%, 31 local closings in 90 days), the likely sale price is near $631K, if it sells. A realistic range is $594K to $683K.

Independent value check: $553K. Without looking at the asking price, our model values the home itself about 15% below the ask (homes like it typically land between $514K and $581K).

Why $553K. The typical condo sold in Langstaff over the past year went for about $516K (162 sales). What sets this one apart:

  • ▲ Raises it strongly2 bedrooms and 2 baths, against 1+1 and 1 typically.
  • ▲ Raises it stronglyIt is 1,000 to 1,199 sq ft; the typical home sold here is 700 to 799.
  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $2,756 a year; the typical home sold here pays about $2,400.
  • ▼ Lowers itIts maintenance fee is $1,318 a month; the typical unit sold here pays about $670.

Longer on the market than typical. 140 days on the market against about 48 for homes like it here, and asking 17% above where comparable closings put it.

List price
$594KBelow recent closings$683KAbove recent closings

Total price vs nearby homes. Likely closing about $631K, from 31 recent closings in this pocket.

The market behind the math:

31sold nearby · 90 days
$515Kmedian sold price
97%of asking, on average
−5%prices vs a year ago
~36 dayshomes like this take to sell
140days on market so far
$3,008/moest. rent · 5 leases
5.6%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3 months of inventory: 31 condo apartment homes for sale in the area against 31 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $590/sqft against an area asking average of $669/sqft.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.

It never sees the asking price. The 31 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $566K. Condition and finishes remain an in-person call.

What the listing highlights2 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Primary suite: a key comfort and resale feature. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($590/sqft) is below the area, so you are paying for extra space rather than a premium.

Based on 12 homes sold in this building over the past two years, from 335 closings in Langstaff.

Sold price trend

Median sold price for condos in Langstaff: $573K in September 2026, level with a year ago, on 159 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$532K20
November 2025$528K18
December 2025$530K5
January 2026$465K7
February 2026$510K10
March 2026$615K10
April 2026$488K21
May 2026$520K15
June 2026$520K13
July 2026$525K16
August 2026$499K15
September 2026$573K9

Neighbourhood & location

Langstaff, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

South Richvale
$553K
Observatory
$550K
North Richvale
$643K
Harding
$514K
Crosby
$905K

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) →

Affordability & Mortgage

Affordability
$2,958/mo
$148KIncome needed
4.4×Price ÷ income
$683Weekly cost
$9,455Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

66%mortgage
Mortgage $2,958Property tax $230Condo fee $1,318Total carry $4,506

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,871per month

Mortgage amount $519,200 · 4.49% over 25 years

$129,800Down payment (20.0%)
$519,200Loan before insurance
$0CMHC premium
$4,418Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,871
Property tax
$230
Condo / maintenance fees
$1,318
Heating
$0
Estimated monthly cost
$4,418

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9,455
Estimated closing costs
$9,455

Plus your down payment of $129,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,475/monthPayment at the qualifying rate

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

$342,024Total interest paid
$861,224Total of all payments
Principal $519,200 Interest $342,024
YearPrincipalInterestBalance
1$11,586$22,863$507,614
2$12,112$22,337$495,501
3$12,662$21,787$482,839
4$13,237$21,212$469,602
5$13,838$20,611$455,763
6$14,467$19,982$441,297
7$15,123$19,325$426,173
8$15,810$18,639$410,363
9$16,528$17,921$393,835
10$17,278$17,171$376,557
11$18,063$16,386$358,494
12$18,883$15,566$339,611
13$19,740$14,709$319,870
14$20,637$13,812$299,234
15$21,574$12,875$277,660
16$22,553$11,896$255,107
17$23,577$10,872$231,530
18$24,648$9,801$206,882
19$25,767$8,682$181,115
20$26,937$7,512$154,178
21$28,160$6,289$126,019
22$29,438$5,011$96,580
23$30,775$3,674$65,805
24$32,172$2,277$33,633
25$33,633$816$0

At the end of your 5-year term

Total paid over the term
$172,245
Principal paid down
$63,437
Interest paid
$108,808
Balance remaining
$455,763

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.

Let's connect

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

Rental yield
From 5 whole-home leases in Langstaff$3,008/mo
$36,096Gross annual rent
2.0%Cap rate after taxes and upkeep
$2,647 to $3,369Typical rent range
~19 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 5 whole-home leases in Langstaff signed at a median of $2,717 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,008. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

5.6%
Gross yield
− Property tax $2,756− Condo fees $15,817− Insurance $600− Vacancy & upkeep $3,971Net operating income $12,952

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KW Living Realty. MLS®/PropTx.

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