420-309 Major Mackenzie Drive, Richmond Hill, ON
Harding, Richmond Hill · MLS® N13784702
About this home
In short
- Welcome to Cedar Gate in the heart of Richmond Hill.
- This spacious 1+1 bedroom, 2-bathroom condo offers 850 sq ft of well-designed living space with a west-facing exposure that fills the unit with natural light.
- The open-concept living and dining area features laminate flooring and large windows, creating a bright and inviting space.
- The primary bedroom includes a large closet and a 4-piece ensuite, combined with a solarium, providing the perfect space for a home office, reading area, or...
- Residents enjoy access to excellent building amenities, including a gym, squash court, games room, leisure room, party room,and a seasonal outdoor pool and 24 hour...
Welcome to Cedar Gate in the heart of Richmond Hill! This spacious 1+1 bedroom, 2-bathroom condo offers 850 sq ft of well-designed living space with a west-facing exposure that fills the unit with natural light.The open-concept living and dining area features laminate flooring and large windows, creating a bright and inviting space. The kitchen is equipped with stainless steel appliances and a convenient breakfast bar. The primary bedroom includes a large closet and a 4-piece ensuite, combined with a solarium, providing the perfect space for a home office, reading area, or additional sitting space. This unit also comes with 1 parking space and 1 locker for added storage. All utilities are included in the maintenance fees, making for easy and predictable living.Residents enjoy access to excellent building amenities, including a gym, squash court, games room, leisure room, party room,and a seasonal outdoor pool and 24 hour concierge.A fantastic opportunity to enjoy comfortable condo living in a well-established Richmond Hill community!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13784702
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 2 (1 half)
- Size
- 800-899 sq ft
- Cross streets
- Yonge St and Major Mackenzie Dr E
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $884/mo
- Exposure
- West
- Property tax
- $1,924 / 2025
- Days on market
- 5
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Rooms
4 pc ensuite · large closet · combined w/solarium
stainless steel appl · concrete counter · laminate
combined w/kitchen · laminate · open concept
glass doors · west view · laminate
open concept · window floor to ceiling · laminate
Listed at $495,000. Recent sales of homes like it put this one around $440K, so the ask is about 13% above what similar homes have sold for.
If it sells at this ask, expect about $471K, typically $470K to $479K: that is where homes here have closed against their asks in the last 90 days (7 closings).
Total price vs nearby homes. Fair value about $440K, learned from recent GTA sales.
The market behind the math:
About 3 months of inventory: 7 condo apartment homes for sale in the area against 7 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $583/sqft against an area asking average of $632/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 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $413K. 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Alexander Mackenzie HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($583/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 18 homes sold in this building over the past two years, from 79 closings in Harding.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $540/sqft; this home lists at $583/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Harding, 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: 12 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 $396,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,168
- Property tax
- $160
- Condo / maintenance fees
- $884
- Heating
- $0
- Estimated monthly cost
- $3,212
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,375
- Estimated closing costs
- $6,375
Plus your down payment of $99,000. 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
- $130,056
- Principal paid down
- $48,962
- Interest paid
- $81,094
- Balance remaining
- $347,038
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 10 whole-home leases in Harding signed at a median of $2,686 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,609. 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 KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.