1503-11 David Eyer Road, Richmond Hill, ON

Rural Richmond Hill, Richmond Hill · MLS® N13762800

$599,000
For Sale
Listed 11 days agoOffers reviewed Tue, Sep 22 at 7pm
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2Bedrooms
3Bathrooms
1Garage
1200-1399Sq ft

About this home

In short

  • Steal of a deal in Richmond Hill.
  • With 10-foot ceilings on the main floor and 9-foot ceilings throughout the rest of the home, this townhouse offers a bright and airy feel.
  • Conveniently located close to Richmond Green Park, public transit, schools, Walmart, Costco, and only 2 minutes to Hwy 404.
  • With 10-foot ceilings on the main floor and 9-foot ceilings throughout the rest of the home, this townhouse offers a bright and airy feel.
  • Conveniently located close to Richmond Green Park, public transit, schools, Walmart, Costco, and only 2 minutes to Hwy 404.

Steal of a deal in Richmond Hill!! Beautiful 2-bedroom, 3-bathroom condo townhouse in the heart of Richmond Hill at Elgin Bast. With 10-foot ceilings on the main floor and 9-foot ceilings throughout the rest of the home, this townhouse offers a bright and airy feel. The open-concept kitchen features an island with quartz Arctic Sand countertops, perfect for both cooking and entertaining. Enjoy 1,264 sq. ft. of indoor space, plus 364 sq. ft. of outdoor terrace space for relaxation or gatherings. Conveniently located close to Richmond Green Park, public transit, schools, Walmart, Costco, and only 2 minutes to Hwy 404. Includes 1 underground ** EV parking spot ** and a locker.Steal of a deal in Richmond Hill!! Beautiful 2-bedroom, 3-bathroom condo townhouse in the heart of Richmond Hill at Elgin Bast. With 10-foot ceilings on the main floor and 9-foot ceilings throughout the rest of the home, this townhouse offers a bright and airy feel. The open-concept kitchen features an island with quartz Arctic Sand countertops, perfect for both cooking and entertaining. Enjoy 1,264 sq. ft. of indoor space, plus 364 sq. ft. of outdoor terrace space for relaxation or gatherings. Conveniently located close to Richmond Green Park, public transit, schools, Walmart, Costco, and only 2 minutes to Hwy 404. Includes 1 underground ** EV parking spot ** and a locker. Offers to be reviewed on 22nd Sept, 2026 at 7pm.

Key facts

Property type
Condo Townhouse, Stacked Townhouse
MLS®
N13762800
Bedrooms
2
Bathrooms
3 (2 half)
Size
1200-1399 sq ft
Cross streets
Bayview Ave / Elgin Mills Rd
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Brick Front
Maintenance
$323/mo
Exposure
North West
Property tax
$4,264 / 2026
Days on market
11
Listing brokerage
RE/MAX CROSSROADS REALTY INC.
Our TakeTeam Asgarian · Broker
Priced for an offer date
$654Kautomated estimate, from recent sales

Listed at $599,000 with offers reviewed Tue, Sep 22 at 7pm. With an offer date, the ask is a starting point. Comparable closings put this home around $654K, typically $608K to $687K. Plan for competition on the day.

List price
$599KBelow recent closings$687KAbove recent closings

Total price vs nearby homes. Fair value about $654K, learned from recent GTA sales.

The market behind the math:

8sold nearby · 90 days
$625Kmedian sold price
99%of asking, on average
~43 dayshomes like this take to sell
11days on market so far
$2,882/moest. rent · 5 leases
5.8%gross yield on the ask
Balanced market
Buyer's marketSeller's market

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.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $461/sqft against an area asking average of $615/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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $633K. Condition and finishes remain an in-person call.

What the listing highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • 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 4 homes sold in this building over the past two years, plus 1 nearby in Rural Richmond Hill, from 30 closings in Rural Richmond Hill.

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
$999K
Headford Business Park
$1.04M
Mill Pond
$641K
Westbrook
$881K
Jefferson
$579K

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) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Richmond Green SS
86%
Richmond Green SSPublic · Secondary · 9-12 · 1.4 km awayHigher-rated than most nearby · 86% meet the provincial standard
Unnamed ES (North Leslie)EQAO results not published
Our Lady Queen Of The WorldEQAO results not published
Also nearby: 11 more schools within 2.5 km
Michaelle Jean Public School · Public elementary0.7 km · 91% at standard
Beverley Acres Public School · Public elementary1.2 km · 92% at standard
Our Lady Help of Christians Catholic Elementary School · Catholic elementary1.2 km · 80% at standard
Our Lady Queen of the World CA High School · Catholic secondary1.3 km · 86% at standard
Redstone Public School · Public elementary1.4 km · 84% at standard
Richmond Rose Public School · Public elementary1.4 km · 82% at standard
H G Bernard Public School · Public elementary1.7 km · 71% at standard
Crosby Heights Public School · Public elementary1.7 km · 57% at standard
Silver Stream Public School · Public elementary1.9 km · 88% at standard
Bayview Secondary School · Public secondary2.1 km · 93% at standard
Richmond Hill High School · Public secondary2.2 km · 88% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,730/mo
$126KIncome needed
4.8×Price ÷ income
$630Weekly cost
$8,455Land 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.

80%mortgage
Mortgage $2,730Property tax $355Condo fee $323Total carry $3,408

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%
$
%
4.39%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,623per month

Mortgage amount $479,200 · 4.39% over 25 years

$119,800Down payment (20.0%)
$479,200Loan before insurance
$0CMHC premium
$3,301Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,623
Property tax
$355
Condo / maintenance fees
$323
Heating
$0
Estimated monthly cost
$3,301

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

One-time closing costs

Ontario land transfer tax
$8,455
Estimated closing costs
$8,455

Plus your down payment of $119,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$3,178/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

$307,705Total interest paid
$786,905Total of all payments
Principal $479,200 Interest $307,705
YearPrincipalInterestBalance
1$10,844$20,633$468,356
2$11,325$20,151$457,031
3$11,828$19,649$445,204
4$12,353$19,124$432,851
5$12,901$18,575$419,950
6$13,473$18,003$406,477
7$14,071$17,405$392,406
8$14,696$16,780$377,710
9$15,348$16,128$362,362
10$16,029$15,447$346,333
11$16,741$14,736$329,592
12$17,484$13,993$312,109
13$18,260$13,217$293,849
14$19,070$12,406$274,779
15$19,916$11,560$254,863
16$20,800$10,676$234,063
17$21,723$9,753$212,340
18$22,687$8,789$189,652
19$23,694$7,782$165,958
20$24,746$6,730$141,212
21$25,844$5,632$115,368
22$26,991$4,485$88,376
23$28,189$3,287$60,187
24$29,440$2,036$30,747
25$30,747$729$0

At the end of your 5-year term

Total paid over the term
$157,381
Principal paid down
$59,250
Interest paid
$98,132
Balance remaining
$419,950

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 5 whole-home leases in Rural Richmond Hill$2,882/mo
$34,584Gross annual rent
3.7%Cap rate after taxes and upkeep
$2,537 to $3,228Typical rent range
~28 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 5 whole-home leases in Rural Richmond Hill signed at a median of $2,599 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,882. 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.

5.8%
Gross yield
− Property tax $4,264− Condo fees $3,871− Insurance $600− Vacancy & upkeep $3,804Net operating income $22,044

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

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