506-5 Weldrick Road, Richmond Hill, ON

North Richvale, Richmond Hill · MLS® N13732892

$798,000
For Sale
Listed 48 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
2Garage
1200-1399Sq ft

About this home

In short

  • Luxury Living In The Heart Of Richmond Hill.
  • Beautiful Sun-Filled 1,237 Sqft Unit Offering 2+1 Bedrooms & 2 Bathrooms With Stunning Floor-To-Ceiling Windows & South-East Exposure.
  • Ideal Layout Features A Spacious Open-Concept Living & Dining Area & Stunning New Chef's Kitchen, Quartz Countertops & Brand-New Never-Used Stainless Steel Appliances.
  • Bright & Spacious Primary Bedroom Features A Fully Upgraded 4Pc Ensuite & His/Hers Closets.
  • Ideally Located Steps To Hillcrest Mall, Shops, Restaurants, Groceries, Parks & Public Transit, With Easy Access To Yonge St, Langstaff GO Station & Hwy 407.

Luxury Living In The Heart Of Richmond Hill! N-E-W-L-Y R-E-N-O-V-A-T-E-D! Beautiful Sun-Filled 1,237 Sqft Unit Offering 2+1 Bedrooms & 2 Bathrooms With Stunning Floor-To-Ceiling Windows & South-East Exposure. Ideal Layout Features A Spacious Open-Concept Living & Dining Area & Stunning New Chef's Kitchen, Quartz Countertops & Brand-New Never-Used Stainless Steel Appliances. Luxury Upgrades Include Coffered Ceilings, Beautifully Detailed Wainscotting, Pot Lights Throughout, Custom Blinds/Curtains & Vinyl Flooring. Bright & Spacious Primary Bedroom Features A Fully Upgraded 4Pc Ensuite & His/Hers Closets. Generous Second Bedroom With Double Closet Plus An Additional Full Bathroom. Ensuite Laundry Room With Brand-New Washer & Dryer & Additional Storage. Extra-Spacious Unit With Modern Finishes & Exceptional Natural Light Throughout! Two Underground Side-By-Side Parking Spaces, Plus One Exclusive Locker Included. Ideally Located Steps To Hillcrest Mall, Shops, Restaurants, Groceries, Parks & Public Transit, With Easy Access To Yonge St, Langstaff GO Station & Hwy 407. Luxury At Its Best!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13732892
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
1200-1399 sq ft
Cross streets
Yonge St / Weldrick Rd W
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Maintenance
$1,183/mo
Exposure
South East
Property tax
$2,572 / 2025
Days on market
48
Listing brokerage
VILENSKY REALTY

Rooms

Living RoomFlat5.24 × 5.45 m

vinyl floor · combined w/dining · walk-out

Dining RoomFlat5.24 × 5.45 m

vinyl floor · combined w/living · pass through

Primary BedroomFlat4.54 × 3.51 m

vinyl floor · 4 pc ensuite · his and hers closets

BreakfastMain2.74 × 2.87 m

tile floor · irregular room

Bedroom 2Flat3.55 × 2.87 m

vinyl floor · double closet · window

SolariumFlat2.71 × 4.01 m

vinyl floor · window floor to ceiling · irregular room

LaundryMain1.63 × 1.37 m
KitchenFlat2.73 × 2.72 m

tile floor · b/i dishwasher · eat-in kitchen

Our TakeTeam Asgarian · Broker
No automatic estimate

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.

Considering this property? Request a written price read

Neighbourhood & location

North Richvale, 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.

Observatory
$550K
Harding
$514K
Langstaff
$524K
Crosby
$860K
South Richvale
$553K

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
$3,637/mo
$170KIncome needed
4.7×Price ÷ income
$839Weekly cost
$12,435Land 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.

72%mortgage
Mortgage $3,637Property tax $214Condo fee $1,183Total carry $5,035

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)
$3,530per month

Mortgage amount $638,400 · 4.49% over 25 years

$159,600Down payment (20.0%)
$638,400Loan before insurance
$0CMHC premium
$4,927Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,530
Property tax
$214
Condo / maintenance fees
$1,183
Heating
$0
Estimated monthly cost
$4,927

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

One-time closing costs

Ontario land transfer tax
$12,435
Estimated closing costs
$12,435

Plus your down payment of $159,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,272/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

$420,547Total interest paid
$1,058,947Total of all payments
Principal $638,400 Interest $420,547
YearPrincipalInterestBalance
1$14,246$28,112$624,154
2$14,893$27,465$609,260
3$15,569$26,788$593,691
4$16,276$26,082$577,415
5$17,015$25,343$560,399
6$17,788$24,570$542,611
7$18,596$23,762$524,016
8$19,440$22,918$504,576
9$20,323$22,035$484,253
10$21,245$21,113$463,008
11$22,210$20,148$440,798
12$23,218$19,140$417,580
13$24,272$18,085$393,308
14$25,375$16,983$367,933
15$26,527$15,831$341,406
16$27,731$14,627$313,675
17$28,990$13,368$284,685
18$30,306$12,051$254,379
19$31,682$10,675$222,696
20$33,121$9,237$189,575
21$34,625$7,733$154,950
22$36,197$6,161$118,754
23$37,840$4,517$80,913
24$39,559$2,799$41,355
25$41,355$1,003$0

At the end of your 5-year term

Total paid over the term
$211,789
Principal paid down
$78,001
Interest paid
$133,789
Balance remaining
$560,399

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
3.3%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.

6.2%
Gross yield
− Property tax $2,572− Condo fees $14,200− Insurance $600− Vacancy & upkeep $5,412Net operating income $26,416

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

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