606-29 Northern Heights, Richmond Hill, ON

Langstaff, Richmond Hill · MLS® N13475046

$550,000
For Sale
Listed 119 days agoNo offer date statedSitting longer than typical
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2Bedrooms
2Bathrooms
1Garage
900-999Sq ft

About this home

In short

  • Bright And Sunny, Spacious Two Bedroom, Two Bathroom Condo With Large Windows.
  • Open Concept Kitchen With Breakfast Bar.
  • Master Suite With Walk In Closet And Ensuite Bath.
  • Amenities Include 24 hr Gate Security, Indoor Pool, Sauna, Gym, Party Room.
  • Minutes To Major Highways, Close To Hillcrest Mall And Transit.

Excellent Location! Bright And Sunny, Spacious Two Bedroom, Two Bathroom Condo With Large Windows. Combined Living And Dining. Open Concept Kitchen With Breakfast Bar. New Stainless Steel Fridge, Stove and Dishwasher. Master Suite With Walk In Closet And Ensuite Bath. Second Bedroom With Closet And Large Windows. Open Balcony Has Unobstructed South View, Access From Livingroom And Second Bedroom. Amenities Include 24 hr Gate Security, Indoor Pool, Sauna, Gym, Party Room. Minutes To Major Highways, Close To Hillcrest Mall And Transit. Must See!!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13475046
Bedrooms
2
Bathrooms
2
Size
900-999 sq ft
Cross streets
Yonge St/16th
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Maintenance
$1,079/mo
Exposure
South
Property tax
$2,425 / 2025
Days on market
119
Listing brokerage
ROYAL LEPAGE CERTIFIED REALTY

Rooms

Primary BedroomMain6.68 × 3.10 m

laminate · walk-in closet(s) · 4 pc ensuite

KitchenMain2.59 × 2.43 m

Ceramic Floor

Dining RoomMain7.06 × 3.22 m

laminate · combined w/living

Living RoomMain7.06 × 3.22 m

laminate · combined w/dining · w/o to balcony

Bedroom 2Main4.01 × 2.76 m

laminate · closet · w/o to balcony

Our TakeTeam Asgarian · Broker
A small discount is typical
$535Klikely sale price

Listed at $550,000. 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 $535K, if it sells. A realistic range is $504K to $579K.

Independent value check: $520K. Without looking at the asking price, our model values the home itself about 5% below the ask (homes like it typically land between $484K and $547K).

Why $520K. 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 itIt is 900 to 999 sq ft; the typical home sold here is 700 to 799.
  • ▼ Lowers it slightlyIts maintenance fee is $1,079 a month; the typical unit sold here pays about $670.

Longer on the market than typical. 119 days on the market against about 48 for homes like it here, and asking 6% above where comparable closings put it.

List price
$504KBelow recent closings$579KAbove recent closings

Total price vs nearby homes. Likely closing about $535K, 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
119days on market so far
$2,793/moest. rent · 5 leases
6.1%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 4.4 months of inventory: 45 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 $579/sqft against an area asking average of $685/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 $487K. Condition and finishes remain an in-person call.

What the listing highlights4 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
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($579/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
$860K

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
$2,507/mo
$126KIncome needed
4.4×Price ÷ income
$578Weekly cost
$7,475Land 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 $2,507Property tax $202Condo fee $1,079Total carry $3,788

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,433per month

Mortgage amount $440,000 · 4.49% over 25 years

$110,000Down payment (20.0%)
$440,000Loan before insurance
$0CMHC premium
$3,714Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,433
Property tax
$202
Condo / maintenance fees
$1,079
Heating
$0
Estimated monthly cost
$3,714

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

One-time closing costs

Ontario land transfer tax
$7,475
Estimated closing costs
$7,475

Plus your down payment of $110,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,945/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

$289,851Total interest paid
$729,851Total of all payments
Principal $440,000 Interest $289,851
YearPrincipalInterestBalance
1$9,819$19,375$430,181
2$10,265$18,929$419,916
3$10,731$18,463$409,186
4$11,218$17,976$397,967
5$11,727$17,467$386,240
6$12,260$16,934$373,980
7$12,816$16,378$361,164
8$13,398$15,796$347,765
9$14,007$15,187$333,759
10$14,643$14,551$319,116
11$15,308$13,886$303,808
12$16,003$13,191$287,806
13$16,729$12,465$271,077
14$17,489$11,705$253,588
15$18,283$10,911$235,305
16$19,113$10,081$216,192
17$19,981$9,213$196,212
18$20,888$8,306$175,324
19$21,836$7,358$153,487
20$22,828$6,366$130,660
21$23,864$5,330$106,795
22$24,948$4,246$81,848
23$26,080$3,114$55,767
24$27,265$1,929$28,503
25$28,503$691$0

At the end of your 5-year term

Total paid over the term
$145,970
Principal paid down
$53,760
Interest paid
$92,210
Balance remaining
$386,240

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$2,793/mo
$33,516Gross annual rent
2.5%Cap rate after taxes and upkeep
$2,458 to $3,128Typical 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 $2,793. 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.

6.1%
Gross yield
− Property tax $2,425− Condo fees $12,948− Insurance $600− Vacancy & upkeep $3,687Net operating income $13,856

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE CERTIFIED REALTY. MLS®/PropTx.

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