62 Baffin Court, Richmond Hill, ON

Langstaff, Richmond Hill · MLS® N13656956

$1,070,000
For Sale
Listed 66 days agoNo offer date statedSitting longer than typical
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3+2Bedrooms
4Bathrooms
1Garage · 2 parking
1100-1500Sq ft

About this home

Prime Richmond Hill Location - Freehold Townhouse | 3 Bedroom + 2 Bedrooms And 3 Pc Bath In Basement | Spacious Open Concept Home | Detached Garage | Near Future Ttc Richmond Hill Subway Line

Key facts

Property type
Townhouse, 3-Storey
MLS®
N13656956
Bedrooms
3+2 (5 total)
Bathrooms
4 (1 half)
Size
1100-1500 sq ft
Lot
14.76 × 113.19 ft
Cross streets
Yonge St./Hwy #7
Parking
1 garage · 2 parking (detached)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Property tax
$4,300 / 2026
Days on market
66
Listing brokerage
HOMELIFE GOLD PACIFIC REALTY INC.

Rooms

RecreationBasement6.40 × 4.10 m

pot lights · 3 pc bath · window

Living RoomGround5.50 × 3.25 m

combined w/dining · hardwood floor · overlooks frontyard

Bedroom 2Second4.23 × 3.80 m

hardwood floor · double closet · window

Bedroom 3Second4.25 × 3.20 m

hardwood floor · closet · window

KitchenGround4.30 × 4.20 m

eat-in kitchen · tile floor · w/o to yard

OtherBasement3.70 × 2.17 m

pot lights · closet

Dining RoomGround5.50 × 3.25 m

combined w/living · hardwood floor · open concept

Primary BedroomThird4.20 × 3.86 m

hardwood floor · large closet · ensuite bath

Our TakeTeam Asgarian · Broker
Likely to sell near ask
$1.06Mlikely sale price

Listed at $1,070,000. Going by how homes in Langstaff and the wider GTA have actually closed against their asking prices (about 99%, 10 local closings in 90 days), the likely sale price is near $1.06M, if it sells. A realistic range is $995K to $1.20M.

Independent value check: $877K. Without looking at the asking price, our model values the home itself about 18% below the ask (homes like it typically land between $822K and $919K).

Why $877K. The typical townhouse sold in Langstaff over the past year went for about $1.06M (32 sales). What sets this one apart:

  • ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $4,300 a year; the typical home sold here pays about $5,400.
  • ▼ Lowers it slightlyIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.

Longer on the market than typical. 66 days on the market against about 34 for homes like it here, and asking 22% above where comparable closings put it.

List price
$995KBelow recent closings$1.20MAbove recent closings

Total price vs nearby homes. Likely closing about $1.06M, from 10 recent closings in this pocket.

The market behind the math:

10sold nearby · 90 days
$1.11Mmedian sold price
103%of asking, on average
+1%prices vs a year ago
~21 dayshomes like this take to sell
66days on market so far
$3,235/moest. rent · 86 leases
3.6%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2.4 months of inventory: 8 townhouse homes for sale in the area against 10 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 $823/sqft against an area asking average of $615/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.

It never sees the asking price. The 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $860K. Condition and finishes remain an in-person call.

What the listing highlights1 point to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

There were not many closely comparable homes right in Langstaff, so I widened the search to the surrounding area.

Based on 10 comparable homes that sold in Langstaff over the past two years, from 71 closings there.

Sold price trend

Median sold price for townhouses in Richmond Hill: $1.02M in September 2026, down 4% from a year ago, on 376 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. Richmond Hill as a whole: the neighbourhood alone has too few closings for a line of its own.

Month by month
MonthMedian soldClosings
October 2025$1.07M33
November 2025$1.05M37
December 2025$1.08M21
January 2026$1.10M25
February 2026$1.10M23
March 2026$1.06M23
April 2026$1.05M43
May 2026$1.05M46
June 2026$1.02M32
July 2026$1.02M24
August 2026$1.03M39
September 2026$1.02M30

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
$1.07M
Doncrest
$1.17M
North Richvale
$998K
Rouge Woods
$1.03M
Westbrook
$1.11M

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
$4,877/mo
$200KIncome needed
5.3×Price ÷ income
$1,125Weekly cost
$17,875Land 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.

93%mortgage
Mortgage $4,877Property tax $358Total carry $5,235

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 16, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,733per month

Mortgage amount $856,000 · 4.49% over 25 years

$214,000Down payment (20.0%)
$856,000Loan before insurance
$0CMHC premium
$5,091Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,733
Property tax
$358
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,091

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

One-time closing costs

Ontario land transfer tax
$17,875
Estimated closing costs
$17,875

Plus your down payment of $214,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,729/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

$563,891Total interest paid
$1,419,891Total of all payments
Principal $856,000 Interest $563,891
YearPrincipalInterestBalance
1$19,102$37,693$836,898
2$19,970$36,826$816,928
3$20,876$35,919$796,052
4$21,824$34,971$774,228
5$22,815$33,981$751,413
6$23,851$32,945$727,562
7$24,934$31,862$702,628
8$26,066$30,730$676,562
9$27,249$29,546$649,312
10$28,487$28,309$620,826
11$29,780$27,016$591,045
12$31,132$25,663$559,913
13$32,546$24,250$527,367
14$34,024$22,772$493,344
15$35,568$21,227$457,775
16$37,183$19,612$420,592
17$38,872$17,924$381,721
18$40,636$16,159$341,084
19$42,482$14,314$298,603
20$44,410$12,385$254,192
21$46,427$10,369$207,766
22$48,535$8,261$159,231
23$50,738$6,057$108,493
24$53,042$3,754$55,450
25$55,450$1,345$0

At the end of your 5-year term

Total paid over the term
$283,978
Principal paid down
$104,587
Interest paid
$179,391
Balance remaining
$751,413

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 86 whole-home leases in Langstaff$3,235/mo
$38,820Gross annual rent
2.7%Cap rate after taxes and upkeep
$3,073 to $3,511Typical rent range
~31 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 86 whole-home leases in Langstaff signed at a median of $3,454 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,235. 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.

3.6%
Gross yield
− Property tax $4,300− Insurance $1,400− Vacancy & upkeep $4,270Net operating income $28,850

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE GOLD PACIFIC REALTY INC.. MLS®/PropTx.

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