1221-8 David Eyer Road, Richmond Hill, ON
Rural Richmond Hill, Richmond Hill · MLS® N13724954
About this home
In short
- Welcome to modern luxury exquisite Townhouse Located In Richmond Hill.
- This stunning Beautiful End Unit Brand New Boutique Stacked Townhouse features 3 Bedrooms and 3 washrooms.
- It Combines the Modern Style with Every Urban Living Convenience with an open concept design.
- Close to Restaurants, Shopping, Transit, Highway Etc.
Welcome to modern luxury exquisite Townhouse Located In Richmond Hill. This stunning Beautiful End Unit Brand New Boutique Stacked Townhouse features 3 Bedrooms and 3 washrooms. It Combines the Modern Style with Every Urban Living Convenience with an open concept design. This Beautiful Brand New Townhouse is located in Richmond Hill, one of GTA's fastest growing municipalities. Close to Restaurants, Shopping, Transit, Highway Etc.
Key facts
- Property type
- Condo Townhouse, Stacked Townhouse
- MLS®
- N13724954
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1200-1399 sq ft
- Cross streets
- Bayview/Elgin Mills
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other
- Maintenance
- $311/mo
- Exposure
- East
- Property tax
- $4,211 / 2026
- Days on market
- 22
- Listing brokerage
- HOMELIFE/MIRACLE REALTY LTD
Rooms
Listed at $850,000. Recent sales of homes like it put this one around $697K, so the ask is about 22% above what similar homes have sold for.
If it sells at this ask, expect about $834K, typically $819K to $845K: that is where homes here have closed against their asks in the last 90 days (8 closings).
The ask and what recent sales support disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).
Total price vs nearby homes. Fair value about $697K, learned from recent GTA sales.
The market behind the math:
About 3.8 months of inventory: 10 condo townhouse homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $654/sqft against an area asking average of $595/sqft. Size and $/sqft both feed the estimate above.
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 29 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $695K. Condition and finishes remain an in-person call.
What the listing highlights2 points 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Richmond Green 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.
Based on 29 comparable homes that sold in Rural Richmond Hill over the past two years, from 30 closings there.
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $610/sqft; this home lists at $654/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesNeighbourhood & location
Rural Richmond Hill, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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.
Also nearby: 11 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $680,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,722
- Property tax
- $351
- Condo / maintenance fees
- $311
- Heating
- $0
- Estimated monthly cost
- $4,384
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,475
- Estimated closing costs
- $13,475
Plus your down payment of $170,000. 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
- $223,329
- Principal paid down
- $84,077
- Interest paid
- $139,252
- Balance remaining
- $595,923
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 numbersThe last 9 whole-home leases in Rural Richmond Hill signed at a median of $2,711 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,248. 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/MIRACLE REALTY LTD. MLS®/PropTx.