506-40 Baif Boulevard, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13663692
About this home
Family-Sized Living, Incredible Views, Unmatched Convenience Discover one of Richmond Hill's rare three-bedroom condominium residences, offering over 1,368 sq. ft. of bright, thoughtfully designed living space. Perfectly suited for families, professionals, and downsizers alike, this spacious suite showcases breathtaking unobstructed southern views stretching to the Toronto skyline while providing the comfort and functionality that's increasingly difficult to find. The expansive living and dining areas are filled with natural light from oversized windows, creating an inviting space for everyday living and entertaining. Three generously sized bedrooms provide exceptional flexibility for growing families, overnight guests, or a dedicated home office. Adding to its appeal, the suite includes two parking spaces together with a privately installed electric vehicle (EV) charger, a rare and valuable feature that offers both convenience and long-term value. Added benefit is the all-inclusive maintenance fee. Hydro, gas, water, cable television, and high-speed internet are all included, providing significant monthly savings, fewer separate bills, and greater predictability when managing household expenses. Ideally located in the heart of Richmond Hill, you're just moments from Hillcrest Mall, parks, schools, restaurants, public transit, GO Transit, Richmond Hill Centre, and major highways, offering the perfect balance of lifestyle and convenience. Large three-bedroom suites in this prime location are a rare find. Combined with spectacular city views, two parking spaces, a private EV charger, and an unbeatable location, this is an exceptional opportunity to own a home that truly stands apart.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13663692
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1200-1399 sq ft
- Cross streets
- Yonge & Weldrick Rd. W
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,335/mo
- Exposure
- South
- Property tax
- $2,320 / 2026
- Days on market
- 69
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
laminate · double closet · south view
laminate · double closet · south view
Vinyl Floor
laminate · walk-in closet(s) · closet organizers
ceramic floor · double closet · mirrored closet
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
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The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $514/sqft; this home lists at $538/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
North Richvale, Richmond Hill, ON
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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) →
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $559,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,092
- Property tax
- $193
- Condo / maintenance fees
- $1,335
- Heating
- $0
- Estimated monthly cost
- $4,620
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,455
- Estimated closing costs
- $10,455
Plus your down payment of $139,800. 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
- $185,515
- Principal paid down
- $68,324
- Interest paid
- $117,191
- Balance remaining
- $490,876
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 REALTRON REALTY INC.. MLS®/PropTx.