716-326 Major Mackenzie Drive, Richmond Hill, ON
Crosby, Richmond Hill · MLS® N13521538
About this home
Welcome to this bright and spacious 1-bedroom plus den suite in the heart of Richmond Hill. Offering approximately 769 sq. ft. of well-designed living space, this original-owner unit has been lovingly maintained and presents an excellent opportunity for first-time buyers, downsizers, or investors looking to personalize a home to suit their own style.The functional open-concept layout features a welcoming foyer with double closet, a spacious living and dining area, and a practical kitchen with ample cabinetry and counter space. The versatile den is ideal for a home office, study, reading nook, or guest space, offering flexibility to suit today's lifestyle.The generously sized primary bedroom features a large closet and oversized window, while the full 4-piece bathroom and in-suite laundry add everyday convenience. Thoughtfully designed with plenty of storage throughout, this suite offers comfortable, low-maintenance living in a highly sought-after location.Enjoy living in a well-managed building just steps to Richmond Hill GO Station, YRT transit, restaurants, shopping, grocery stores, parks, community centres, Mackenzie Health, Richmond Hill Centre for the Performing Arts, and all the amenities along Major Mackenzie Drive and Yonge Street. Commuters will appreciate the quick access to Highway 404 and Highway 407.An excellent opportunity to own a well-maintained, original-owner suite in one of Richmond Hill's most convenient locations. Move in and enjoy as is or personalize it over time to make it your own.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13521538
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Yonge & Major Mackenzie
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $891/mo
- Exposure
- East
- Property tax
- $1,665 / 2026
- Days on market
- 14
- Listing brokerage
- EXP REALTY
Rooms
laminate · open concept · combined w/living
laminate · large window · separate room
laminate · closet
laminate · open concept · combined w/dining
ceramic floor · b/i dishwasher · separate room
broadloom · his and hers closets · large window
Listed at $360,000, this home is about 29% 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 ($480/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 12 similar homes nearby, adjusted for size, beds, and baths.Median of 12 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $371K, 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 $586K
- Adjusts to $586K
That comparable adjusts to $586K; the $506K estimate above is the median of all 12 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 $506K, median of 12 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.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Lifestyle
- Value driver
- Weigh carefully
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 $501/sqft.
1 days faster 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 $288,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,537
- Property tax
- $139
- Condo / maintenance fees
- $891
- Heating
- $0
- Estimated monthly cost
- $2,567
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $3,875
- Estimated closing costs
- $3,875
Plus your down payment of $72,000. 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
- $92,212
- Principal paid down
- $36,677
- Interest paid
- $55,536
- Balance remaining
- $251,323
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 EXP REALTY. MLS®/PropTx.