829-2 David Eyer Road, Richmond Hill, ON

Rural Richmond Hill, Richmond Hill · MLS® N13761080

$669,900
For Sale
Listed 40 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
2Garage
900-999Sq ft

About this home

In short

  • Rarely available at this price point: a 2-bedroom + Den with 2 underground parking spots and a locker, ideal for families with multiple vehicles.
  • Move right into this beautifully designed 2-bedroom + den suite offering the space, layout, and convenience today's families need - at an unbeatable price.
  • At 928 sq ft, the open layout flows onto a huge 150 sq ft balcony accessible from the kitchen, living, and dining areas - your own private outdoor retreat with...
  • Easy access to Yonge street ,Hwy 404,Costco, Bayview Secondary school and many more!.

Rarely available at this price point: a 2-bedroom + Den with 2 underground parking spots and a locker, ideal for families with multiple vehicles. The den is generously sized with a large window, easily functioning as a third bedroom or home office. Move right into this beautifully designed 2-bedroom + den suite offering the space, layout, and convenience today's families need - at an unbeatable price. The bright, spacious den with a large window is perfect as a third bedroom, playroom, or home office. At 928 sq ft, the open layout flows onto a huge 150 sq ft balcony accessible from the kitchen, living, and dining areas - your own private outdoor retreat with stunning, unobstructed views. Easy access to Yonge street ,Hwy 404,Costco, Bayview Secondary school and many more!. Residents enjoy excellent building amenities including a fully equipped gym, theatre room, outdoor lounge, hobby room and party room.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13761080
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
900-999 sq ft
Cross streets
Elgin Mills / Bayview
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Maintenance
$820/mo
Exposure
North East
Property tax
$3,470 / 2026
Days on market
40
Listing brokerage
AIMHOME REALTY INC.

Rooms

DenFlat3.50 × 3.10 m

large window · laminate · separate room

Our TakeTeam Asgarian · Broker
A small discount is typical
$652Klikely sale price

Listed at $669,900. Going by how homes in Rural Richmond Hill and the wider GTA have actually closed against their asking prices (about 97%, 5 local closings in 90 days), the likely sale price is near $652K, if it sells. A realistic range is $615K to $706K.

Independent value check: $608K. Without looking at the asking price, our model values the home itself about 9% below the ask (homes like it typically land between $565K and $639K).

Why $608K. The typical condo sold in Rural Richmond Hill over the past year went for about $550K (13 sales). What sets this one apart:

  • ▲ Raises it stronglyIt is 900 to 999 sq ft; the typical home sold here is 700 to 799.
  • ▲ Raises itIts tax bill, which follows the city's own assessment, is $3,470 a year; the typical home sold here pays about $2,800.
  • ▲ Raises it slightly2 garage and 2 total parking spaces, against 1 and 1 typically.
List price
$615KBelow recent closings$706KAbove recent closings

Total price vs nearby homes. Likely closing about $652K, from 5 recent closings in this pocket.

The market behind the math:

5sold nearby · 90 days
$553Kmedian sold price
94%of asking, on average
~26 dayshomes like this take to sell
40days on market so far
$3,074/moest. rent · 24 leases
5.5%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 4.2 months of inventory: 7 condo apartment homes for sale in the area against 5 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 $706/sqft against an area asking average of $699/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 and this building.

It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $588K. Condition and finishes remain an in-person call.

Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($706/sqft) is in line with the area, so you are paying for extra space rather than a premium.

Based on 4 homes sold in this building over the past two years, plus 1 nearby in Rural Richmond Hill, from 27 closings in Rural Richmond Hill.

Sold price trend

Median sold price for condos in Richmond Hill: $547K in September 2026, down 3% from a year ago, on 405 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$535K35
November 2025$546K36
December 2025$540K21
January 2026$510K17
February 2026$580K29
March 2026$595K33
April 2026$535K47
May 2026$550K43
June 2026$510K40
July 2026$560K33
August 2026$500K39
September 2026$547K32

Neighbourhood & location

Rural Richmond Hill, 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.

Crosby
$905K
Harding
$514K
North Richvale
$643K
Observatory
$550K
Langstaff
$517K

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
$3,053/mo
$144KIncome needed
4.6×Price ÷ income
$705Weekly cost
$9,873Land 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.

73%mortgage
Mortgage $3,053Property tax $289Condo fee $820Total carry $4,162

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,963per month

Mortgage amount $535,920 · 4.49% over 25 years

$133,980Down payment (20.0%)
$535,920Loan before insurance
$0CMHC premium
$4,072Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,963
Property tax
$289
Condo / maintenance fees
$820
Heating
$0
Estimated monthly cost
$4,072

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

One-time closing costs

Ontario land transfer tax
$9,873
Estimated closing costs
$9,873

Plus your down payment of $133,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,586/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

$353,038Total interest paid
$888,958Total of all payments
Principal $535,920 Interest $353,038
YearPrincipalInterestBalance
1$11,959$23,599$523,961
2$12,502$23,056$511,458
3$13,070$22,488$498,388
4$13,664$21,895$484,724
5$14,284$21,274$470,440
6$14,932$20,626$455,508
7$15,610$19,948$439,898
8$16,319$19,239$423,578
9$17,060$18,498$406,518
10$17,835$17,724$388,683
11$18,645$16,914$370,039
12$19,491$16,067$350,547
13$20,376$15,182$330,171
14$21,301$14,257$308,870
15$22,268$13,290$286,602
16$23,280$12,279$263,322
17$24,336$11,222$238,986
18$25,441$10,117$213,544
19$26,597$8,962$186,948
20$27,804$7,754$159,143
21$29,067$6,492$130,077
22$30,386$5,172$99,690
23$31,766$3,792$67,924
24$33,208$2,350$34,716
25$34,716$842$0

At the end of your 5-year term

Total paid over the term
$177,792
Principal paid down
$65,480
Interest paid
$112,312
Balance remaining
$470,440

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 24 whole-home leases in Rural Richmond Hill$3,074/mo
$36,888Gross annual rent
2.8%Cap rate after taxes and upkeep
$2,921 to $3,228Typical rent range
~19 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 24 whole-home leases in Rural Richmond Hill signed at a median of $2,448 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,074. 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.

5.5%
Gross yield
− Property tax $3,470− Condo fees $9,840− Insurance $600− Vacancy & upkeep $4,058Net operating income $18,920

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

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