713-3 Ellesmere Street, Richmond Hill, ON
Langstaff, Richmond Hill · MLS® N13789172
About this home
In short
- Welcome to The Gates of Bayview Glen, an intimate 150-suite boutique residence ideally situated in the heart of Richmond Hill's highly convenient Langstaff community.
- Discover a bright and inviting interior featuring modern tile flooring, an updated 4-piece bathroom and a stylish kitchen complete with quartz countertops, tile...
- Exceptional location just minutes from Yonge Street, Viva/YRT, Hillcrest Mall, Highway 7 and Highway 407, with convenient access to shopping, restaurants, Walmart...
- A developing transit hub with Langstaff GO and the future Bridge Station as part of the Yonge North Subway Extension (under construction), bringing TTC Line 1 into...
- One underground parking space and one locker are included, conveniently located on P1.
Welcome to The Gates of Bayview Glen, an intimate 150-suite boutique residence ideally situated in the heart of Richmond Hill's highly convenient Langstaff community. This beautifully updated suite enjoys a desirable southwest exposure with scenic views and an abundance of natural light throughout the day. Discover a bright and inviting interior featuring modern tile flooring, an updated 4-piece bathroom and a stylish kitchen complete with quartz countertops, tile backsplash and brand-new stainless steel appliances. The Spacious primary bedroom features laminate flooring, double mirrored closets, floor-to-ceiling windows and a private walkout balcony; a perfect place to unwind and enjoy the open southwest views. Enjoy the comfort and tranquility of a quiet, well-managed mid-rise community with modern updated common areas and lobby, visitor parking, exercise room, games room, party/meeting room and security. Exceptional location just minutes from Yonge Street, Viva/YRT, Hillcrest Mall, Highway 7 and Highway 407, with convenient access to shopping, restaurants, Walmart Supercentre, SilverCity Cinemas and everyday amenities. A developing transit hub with Langstaff GO and the future Bridge Station as part of the Yonge North Subway Extension (under construction), bringing TTC Line 1 into Richmond Hill. One underground parking space and one locker are included, conveniently located on P1. An outstanding opportunity for first-time buyers, downsizers or investors seeking a spacious, updated home in an established Richmond Hill community with exceptional present-day convenience and exciting future transit connectivity!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13789172
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- YONGE ST./BANTRY AVE.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $570/mo
- Exposure
- South West
- Property tax
- $1,832 / 2026
- Days on market
- 30
- Listing brokerage
- RE/MAX CROSSROADS REALTY INC.
Rooms
ceramic floor · quartz counter · stainless steel appl
laminate · double closet · w/o to balcony
ceramic floor · window floor to ceiling · combined w/dining
ceramic floor · open concept · combined w/living
Listed at $412,000. Going by how homes in Langstaff and the wider GTA have actually closed against their asking prices (about 97%, 31 local closings in 90 days), the likely sale price is near $401K, if it sells. A realistic range is $378K to $434K.
Independent value check: $409K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $381K and $430K).
Why $409K. The typical condo sold in Langstaff over the past year went for about $516K (162 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $1,832 a year; the typical home sold here pays about $2,400.
- ▼ Lowers itIt is 500 to 599 sq ft; the typical home sold here is 700 to 799.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $401K, from 31 recent closings in this pocket.
The market behind the math:
About 3.5 months of inventory: 36 condo apartment homes for sale in the area against 31 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $750/sqft against an area asking average of $734/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 31 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $404K. Condition and finishes remain an in-person call.
Based on 31 comparable homes that sold in Langstaff over the past two years, from 333 closings there.
For sale
For sale
For sale
For sale
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For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $776/sqft; this home lists at $750/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Langstaff: $573K in September 2026, level with a year ago, on 159 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $532K | 20 |
| November 2025 | $528K | 18 |
| December 2025 | $530K | 5 |
| January 2026 | $465K | 7 |
| February 2026 | $510K | 10 |
| March 2026 | $615K | 10 |
| April 2026 | $488K | 21 |
| May 2026 | $520K | 15 |
| June 2026 | $520K | 13 |
| July 2026 | $525K | 16 |
| August 2026 | $499K | 15 |
| September 2026 | $573K | 9 |
Neighbourhood & location
Langstaff, 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 16, 2026); conventional rates run a little higher.
Mortgage amount $329,600 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,822
- Property tax
- $153
- Condo / maintenance fees
- $570
- Heating
- $0
- Estimated monthly cost
- $2,545
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,715
- Estimated closing costs
- $4,715
Plus your down payment of $82,400. 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
- $109,345
- Principal paid down
- $40,271
- Interest paid
- $69,074
- Balance remaining
- $289,329
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 Langstaff signed at a median of $2,757 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,168. 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 RE/MAX CROSSROADS REALTY INC.. MLS®/PropTx.