Unit 7-11 Plaisance Road, Richmond Hill, ON

North Richvale, Richmond Hill · MLS® N13731572

$849,900
For Sale
Listed 49 days agoNo offer date stated
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3Bedrooms
2Bathrooms
1Garage · 3 parking
1200-1399Sq ft

About this home

In short

  • Rare Opportunity To Own A Brand-New Townhome In Prime Richmond Hill.
  • Excellent Location Just Minutes To Hillcrest Mall, Shopping, Dining, Parks, Recreation & Public Transit.
  • Bright & Spacious 3-Storey Layout Featuring An Open-Concept Main Floor With Generous Living & Dining Areas, A Spacious Balcony Accessible From The Living Room, And A...
  • 3 Well-Proportioned Bedrooms On The Second Floor, Plus Convenient Ground-Floor Laundry.
  • Finished Lower Level With Walkout To A Private Garden, Offering Additional Living Space And Direct Access To The Backyard.

Rare Opportunity To Own A Brand-New Townhome In Prime Richmond Hill! Excellent Location Just Minutes To Hillcrest Mall, Shopping, Dining, Parks, Recreation & Public Transit. Bright & Spacious 3-Storey Layout Featuring An Open-Concept Main Floor With Generous Living & Dining Areas, A Spacious Balcony Accessible From The Living Room, And A Modern Kitchen With Quartz Countertops, Matching Backsplash & Brand-New Stainless Steel Appliances. 3 Well-Proportioned Bedrooms On The Second Floor, Plus Convenient Ground-Floor Laundry. Finished Lower Level With Walkout To A Private Garden, Offering Additional Living Space And Direct Access To The Backyard. Functional Layout With Modern Finishes Throughout. YRT, Cafes, Restaurants, Parks & Everyday Amenities All Within Easy Reach. Front & Rear Yard Lawns To Be Installed This Year. A Great Opportunity To Enjoy Brand-New Living In A Highly Convenient Richmond Hill Location!

Key facts

Property type
Condo Townhouse, 3-Storey
MLS®
N13731572
Bedrooms
3
Bathrooms
2 (1 half)
Size
1200-1399 sq ft
Cross streets
Carrville Rd / Yonge St
Parking
1 garage · 3 parking (built-in)
Basement
Finished with Walk-Out
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$682/mo
Exposure
East
Property tax
$851 / 2026
Days on market
49
Listing brokerage
FIRST CLASS REALTY INC.

Rooms

Family RoomGround5.33 × 2.83 m
Dining RoomMain3.23 × 2.77 m

Open Concept

KitchenMain4.02 × 3.17 m
Bedroom 3Second3.84 × 2.71 m
Primary BedroomSecond4.60 × 3.32 m
Bedroom 2Second4.60 × 2.62 m
Living RoomMain5.50 × 3.44 m

Balcony

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

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Neighbourhood & location

North Richvale, Richmond Hill, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$3,874/mo
$164KIncome needed
5.2×Price ÷ income
$894Weekly cost
$13,473Land 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.

84%mortgage
Mortgage $3,874Property tax $71Condo fee $682Total carry $4,627

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,759per month

Mortgage amount $679,920 · 4.49% over 25 years

$169,980Down payment (20.0%)
$679,920Loan before insurance
$0CMHC premium
$4,512Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,759
Property tax
$71
Condo / maintenance fees
$682
Heating
$0
Estimated monthly cost
$4,512

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

One-time closing costs

Ontario land transfer tax
$13,473
Estimated closing costs
$13,473

Plus your down payment of $169,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,550/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

$447,898Total interest paid
$1,127,818Total of all payments
Principal $679,920 Interest $447,898
YearPrincipalInterestBalance
1$15,173$29,940$664,747
2$15,862$29,251$648,885
3$16,582$28,531$632,303
4$17,335$27,778$614,968
5$18,122$26,991$596,846
6$18,945$26,168$577,902
7$19,805$25,308$558,097
8$20,704$24,409$537,392
9$21,644$23,468$515,748
10$22,627$22,486$493,121
11$23,654$21,458$469,467
12$24,728$20,384$444,738
13$25,851$19,262$418,887
14$27,025$18,088$391,863
15$28,252$16,861$363,611
16$29,535$15,578$334,076
17$30,876$14,237$303,200
18$32,277$12,835$270,923
19$33,743$11,370$237,180
20$35,275$9,838$201,905
21$36,877$8,236$165,028
22$38,551$6,562$126,477
23$40,301$4,811$86,176
24$42,131$2,981$44,044
25$44,044$1,069$0

At the end of your 5-year term

Total paid over the term
$225,564
Principal paid down
$83,074
Interest paid
$142,490
Balance remaining
$596,846

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
Estimate$4,100/mo
$49,200Gross annual rent
4.0%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

5.8%
Gross yield
− Property tax $851− Condo fees $8,184− Insurance $600− Vacancy & upkeep $5,412Net operating income $34,153

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

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