12 Hostel Lane, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13798124
About this home
In short
- Welcome to this modern luxury 3-storey townhouse in the heart of Richmond Hill.
- Offering approximately 2,000-2,500 sq.ft. of bright, functional living space with 3 bedrooms and 4 bathrooms.
- Enjoy an open-concept layout with soaring 11-ft ceilings on the main floor, elegant living and dining areas, and a modern kitchen featuring granite countertops.
- Upgraded throughout with hardwood flooring, pot lights and quality finishes.
Welcome to this modern luxury 3-storey townhouse in the heart of Richmond Hill! Located on a quiet, family-friendly street in the highly desirable North Richvale community. Offering approximately 2,000-2,500 sq.ft. of bright, functional living space with 3 bedrooms and 4 bathrooms. Enjoy an open-concept layout with soaring 11-ft ceilings on the main floor, elegant living and dining areas, and a modern kitchen featuring granite countertops. Upgraded throughout with hardwood flooring, pot lights and quality finishes. Washer, dryer and existing appliances included. Conveniently located near top-rated schools, parks, shopping, restaurants, public transit and easy access to major highways. Move-in ready!
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- N13798124
- Bedrooms
- 3
- Bathrooms
- 4 (2 half)
- Size
- 2000-2500 sq ft
- Lot
- 27.4 × 63.92 ft
- Cross streets
- Bathurst & Weldrick
- Parking
- 1 garage · 2 parking (built-in)
- Driveway
- Private
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Brick
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $6,198 / 2025
- Days on market
- 28
- Listing brokerage
- HOMELINK GPS REALTY
Rooms
hardwood floor · large window · combined w/dining
hardwood floor · open concept · combined w/living
hardwood floor · double closet · large window
hardwood floor · double closet · w/o to balcony
hardwood floor · pot lights · large window
granite counters · open concept · combined w/family
large closet · w/o to yard · large window
5 pc bath · large closet · hardwood floor
Listed at $998,000, about 7% below our estimate of $1.08M (homes like it typically land between $1.01M and $1.13M).
Why $1.08M. The typical townhouse sold in North Richvale over the past year went for about $890K (13 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $6,198 a year; the typical home sold here pays about $4,700.
- ▲ Raises itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it slightly3 bedrooms and 4 baths, against 3 and 2 typically.
Total price vs nearby homes. Fair value about $1.08M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $444/sqft against an area asking average of $583/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.
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 $1.07M. 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in North Richvale, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in North Richvale over the past two years, from 23 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.08M, which is where my estimate comes from.
Per square foot, these ask about $634/sqft; this home lists at $444/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 townhouses in Richmond Hill: $1.02M in September 2026, down 4% from a year ago, on 376 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 | $1.07M | 33 |
| November 2025 | $1.05M | 37 |
| December 2025 | $1.08M | 21 |
| January 2026 | $1.10M | 25 |
| February 2026 | $1.10M | 23 |
| March 2026 | $1.06M | 23 |
| April 2026 | $1.05M | 43 |
| May 2026 | $1.05M | 46 |
| June 2026 | $1.02M | 32 |
| July 2026 | $1.02M | 24 |
| August 2026 | $1.03M | 39 |
| September 2026 | $1.02M | 30 |
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 16, 2026); conventional rates run a little higher.
Mortgage amount $798,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,414
- Property tax
- $517
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,931
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,435
- Estimated closing costs
- $16,435
Plus your down payment of $199,600. 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
- $264,869
- Principal paid down
- $97,550
- Interest paid
- $167,320
- Balance remaining
- $700,850
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 6 whole-home leases in North Richvale signed at a median of $3,275 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,756. 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 HOMELINK GPS REALTY. MLS®/PropTx.