803-40 Baif Boulevard, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13786944
About this home
Spacious unit, feels like a bungalow, great layout, tastefully and professionally renovated, 3 bedroom cornwe unit with professionally reonvated bathrooms, and newer kitchen, located in a prime Richmond Hill location. gracious and comfort living at it's best, with side by side parking for 2 cars, and a locker for extra storage. Conveniently located near public transport, place of worship and walking distance to Hillcrest mall. The garage is equiped with car wash and this unit also features, an exclusive to the unit, EV charger. The maintenance fees includes all utilities as well as Cable TV and high speed Rogers internet. Window coverings AS IS
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13786944
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1200-1399 sq ft
- Cross streets
- Yonge and Baif
- Parking
- 1 garage · 2 parking (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,192/mo
- Exposure
- North East
- Property tax
- $2,600 / 2026
- Days on market
- 34
- Listing brokerage
- HOMELIFE CLASSIC REALTY INC.
Rooms
renovated · ceramic floor
ensuite bath · his and hers closets · laminate
laminate · closet
laminate · crown moulding · w/o to balcony
laminate · crown moulding
laminate · closet
Listed at $650,000. Going by how homes in North Richvale and the wider GTA have actually closed against their asking prices (about 97%, 10 local closings in 90 days), the likely sale price is near $631K, if it sells. A realistic range is $595K to $683K.
Independent value check: $567K. Without looking at the asking price, our model values the home itself about 13% below the ask (homes like it typically land between $527K and $596K).
Why $567K. The typical condo sold in North Richvale over the past year went for about $620K (59 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $2,600 a year; the typical home sold here pays about $2,700.
- ▼ Lowers itThe listing presents it as a home to renovate or rebuild.
- ▲ Raises itIt is 1,200 to 1,399 sq ft; the typical home sold here is 1,000 to 1,199.
Total price vs nearby homes. Likely closing about $631K, from 10 recent closings in this pocket.
The market behind the math:
About 5.7 months of inventory: 19 condo apartment homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $500/sqft against an area asking average of $524/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 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $619K. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($500/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 12 homes sold in this building over the past two years, from 119 closings in North Richvale.
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 $523/sqft; this home lists at $500/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold 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.
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
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $535K | 35 |
| November 2025 | $546K | 36 |
| December 2025 | $540K | 21 |
| January 2026 | $510K | 17 |
| February 2026 | $580K | 29 |
| March 2026 | $595K | 33 |
| April 2026 | $535K | 47 |
| May 2026 | $550K | 43 |
| June 2026 | $510K | 40 |
| July 2026 | $560K | 33 |
| August 2026 | $500K | 39 |
| September 2026 | $547K | 32 |
Neighbourhood & location
North Richvale, 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) →
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $520,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,875
- Property tax
- $217
- Condo / maintenance fees
- $1,192
- Heating
- $0
- Estimated monthly cost
- $4,284
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,475
- Estimated closing costs
- $9,475
Plus your down payment of $130,000. 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
- $172,510
- Principal paid down
- $63,534
- Interest paid
- $108,976
- Balance remaining
- $456,466
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 5 whole-home leases in North Richvale signed at a median of $3,502 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,501. 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 HOMELIFE CLASSIC REALTY INC.. MLS®/PropTx.