220-326 Major Mackenzie Drive, Richmond Hill, ON
Crosby, Richmond Hill · MLS® N13412176
About this home
Welcome to 326 Major Mackenzie Drive, Unit 220, Richmond Hill! This bright and inviting 1+1 bedroom, 1 bathroom condo offers a perfect blend of comfort and convenience. Situated in an exceptional location just steps from the GO station and bus stops, this home is also close to major transit options, Mackenzie Health Hospital, and a range of shopping amenities, including Walmart and major grocery stores, plus restaurants. The well-maintained building is modern and updated, featuring a bright, functional open-concept design space with natural light. The entire unit has just been freshly painted, creating a pristine and modern feel. The spacious master bedroom, and a versatile den, provides ample space for relaxation or work. The kitchen boasts newer cabinets, a quartz countertop, and newer appliances, including a fridge and dishwasher. Sleek ceramic floors in the kitchen and brand-new laminate flooring throughout the unit, including the master bedroom, den, and living and dining areas, complete this perfect package. With a parking spot and ensuite storage, this condo is ideal for first-time buyers or investors. Don't miss out-experience the best of Richmond Hill living!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13412176
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Major mackenzie Dr E
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $890/mo
- Exposure
- North
- Property tax
- $1,614 / 2026
- Days on market
- 40
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
renovated · quartz counter · undermount sink
large window · laminate
closet · laminate
combined w/dining · laminate · open concept
Ceramic Floor
combined w/living · laminate
Listed at $393,000, this home is about 21% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Below comparable homes on total price, yet the price per square foot ($524/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Crosby, so I widened the search to the surrounding area.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $349K, lower than the comparables and worth a second look.
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 $360K
- Adjusts to $360K
That comparable adjusts to $360K; the $500K estimate above is the median of all 13 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 $500K, median of 13 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.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Lifestyle
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 6% above the area average of $496/sqft.
25 days longer than the Richmond Hill average (15 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Crosby, 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 66 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 $314,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,678
- Property tax
- $135
- Condo / maintenance fees
- $890
- Heating
- $0
- Estimated monthly cost
- $2,702
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,370
- Estimated closing costs
- $4,370
Plus your down payment of $78,600. 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
- $100,665
- Principal paid down
- $40,039
- Interest paid
- $60,626
- Balance remaining
- $274,361
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 SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.