221-326 Major Mackenzie Drive, Richmond Hill, ON
Crosby, Richmond Hill · MLS® N13437126
About this home
The perfect blend of tranquility and convenience, this condo is walking distance from historic downtown Richmond Hill. Steps away from YRT and GO Transit, library, performing arts centre, schools and hospital, and minutes away from Hwys 404 and 407. Well-maintained building with indoor pool, exercise room, library, games room and party room. Three car underground parking. Perfect for a young family or mature couple looking for comfort. Bright, spacious. 2+1 bedroom, 2 bathroom unit boasting over 1000sqft in a secure building with 24 hrs concierge. Large primary bedroom with 4pc ensuite bathroom and stunning mirrored closet. Separate office/den that opens onto the kitchen and dining room to create a spacious open feel. Kitchen has all stainless steel appliances with quartz counter tops. Large picture window in living room overlooking neighbouring park with tall trees that creates a sense of privacy.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13437126
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Bayview / Major Mackenzie
- Parking
- 3 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,295/mo
- Exposure
- West
- Property tax
- $1,997 / 2026
- Days on market
- 35
- Listing brokerage
- REMAX CONNECT REALTY
Rooms
closet organizers · w/w closet · b/i closet
4 pc ensuite · mirrored closet · large closet
Stainless Steel Appl
Combined w/Dining
Listed at $499,000, this home is about 4% 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 ($454/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $509K, a close match.
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 $538K
- Bedrooms −$30K
- Adjusts to $508K
That comparable adjusts to $508K; the $522K estimate above is the median of all 7 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 $522K, median of 7 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.
- Primary suite: a key comfort and resale feature.
- Weigh carefully
- Lifestyle
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 4% below the area average of $472/sqft.
21 days longer than the Richmond Hill average (14 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 $399,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,130
- Property tax
- $166
- Condo / maintenance fees
- $1,295
- Heating
- $0
- Estimated monthly cost
- $3,592
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,455
- Estimated closing costs
- $6,455
Plus your down payment of $99,800. 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
- $127,817
- Principal paid down
- $50,838
- Interest paid
- $76,979
- Balance remaining
- $348,362
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 REMAX CONNECT REALTY. MLS®/PropTx.