1414-8501 Bayview Avenue, Richmond Hill, ON
Doncrest, Richmond Hill · MLS® N13483230
About this home
Bright and spacious corner suite in the prestigious Bayview Place featuring approximately 1,352 sq. ft. of well-designed living space. This sun-filled unit offers 2 split bedrooms, 2 full bathrooms, a versatile solarium ideal for a home office or den, and an open balcony with stunning unobstructed northwest sunset views. Functional layout with floor-to-ceiling windows, 9-ft ceilings, and an inviting living/dining area perfect for entertaining.Updated eat-in kitchen with granite counters, pot lights, newer appliances, engineered hardwood flooring, fresh paint, renovated bathrooms, ensuite laundry, and generous storage throughout. Spacious primary bedroom includes a walk-in closet and private balcony access. Well-maintained luxury building with 24-hour gatehouse security and resort-style amenities including outdoor pool, jacuzzi, fitness centre, tennis & squash courts, billiards, party room, sauna, and beautifully renovated lobby/common areas. Prime Richmond Hill location close to Hwy 404, 407 & Hwy 7, GO Transit, Viva Hub, parks, schools, shopping, restaurants, and ravine trails. Includes 1 parking and 1 locker. Exceptional value in a highly sought-after community shows beautifully! Building is currently undergoing renovations, including replacement of all corridor carpeting with new upgraded flooring.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13483230
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Bayview & Highway 7/High Tech
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Brick
- Maintenance
- $1,422/mo
- Exposure
- South East
- Property tax
- $2,462 / 2026
- Days on market
- 23
- Listing brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Rooms
hardwood floor · window · w/o to balcony
hardwood floor · open concept · family size kitchen
hardwood floor · formal rm · overlooks living
hardwood floor · closet · large window
hardwood floor · open concept
hardwood floor · walk-in closet(s) · large window
Listed at $589,500, this home is about 25% below comparable homes, worth a close look. 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 $562K, lower than the comparables and worth a second look. 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 $791K 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.
On schools, this address is zoned for Thornlea SS, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, this is a very walkable address with everyday errands close by. Hwy 7 / Bayview is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $791K, 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Primary suite: a key comfort and resale feature.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Worth verifying
- Value driver
- Weigh carefully
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 30% below the area average of $653/sqft.
8 days longer than the Richmond Hill average (15 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Doncrest, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Hwy 7 / Bayview, about 118 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 $471,600 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,517
- Property tax
- $205
- Condo / maintenance fees
- $1,422
- Heating
- $0
- Estimated monthly cost
- $4,144
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,265
- Estimated closing costs
- $8,265
Plus your down payment of $117,900. 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
- $150,998
- Principal paid down
- $60,058
- Interest paid
- $90,940
- Balance remaining
- $411,542
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 RE/MAX REAL ESTATE CENTRE INC.. MLS®/PropTx.