115-6 David Eyer Road, Richmond Hill, ON
Rural Richmond Hill, Richmond Hill · MLS® N13830326
About this home
In short
- A condo with room to enjoy the outdoors.
- This one bedroom, one bathroom suite at Elgin East opens onto an approximately 200 sq. ft. private terrace with a gas connection, giving you space to dine, relax or...
- Inside, the open concept living area, approximately 9'9" ceilings and large windows create an airy feel.
- Ground floor access makes coming and going easy, with no elevator ride to your suite.
- Located near Bayview Avenue and Elgin Mills Road, with Richmond Green Park, shopping and Highway 404 nearby.
A condo with room to enjoy the outdoors. This one bedroom, one bathroom suite at Elgin East opens onto an approximately 200 sq. ft. private terrace with a gas connection, giving you space to dine, relax or entertain beyond a typical balcony. Inside, the open concept living area, approximately 9'9" ceilings and large windows create an airy feel. Ground floor access makes coming and going easy, with no elevator ride to your suite. One underground parking space and one locker are included. Residents have access to a gym, concierge, party room, theatre, music room and dog wash. Located near Bayview Avenue and Elgin Mills Road, with Richmond Green Park, shopping and Highway 404 nearby. A practical choice for someone buying their first home or looking to simplify without giving up outdoor space.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13830326
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- Elgin Mills Rd E / Bayview Ave
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $512/mo
- Exposure
- West
- Property tax
- $2,174 / 2025
- Days on market
- 24
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
open concept · combined w/living · laminate
closet · laminate
open concept · combined w/dining · w/o to terrace
open concept · laminate
Listed at $399,900. Going by how homes in Rural Richmond Hill and the wider GTA have actually closed against their asking prices (about 97%, 5 local closings in 90 days), the likely sale price is near $389K, if it sells. A realistic range is $367K to $421K.
Independent value check: $396K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $368K and $416K).
Why $396K. The typical condo sold in Rural Richmond Hill over the past year went for about $550K (13 sales). What sets this one apart:
- ▼ Lowers it strongly1 bedrooms and 1 baths, against 2+1 and 2 typically.
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $2,174 a year; the typical home sold here pays about $2,800.
- ▼ Lowers itIt is 500 to 599 sq ft; the typical home sold here is 700 to 799.
Total price vs nearby homes. Likely closing about $389K, from 5 recent closings in this pocket.
The market behind the math:
About 4.8 months of inventory: 8 condo apartment homes for sale in the area against 5 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $728/sqft against an area asking average of $728/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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $416K. 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.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Rural Richmond Hill, so I widened the search to the surrounding area.
Based on 16 homes sold in this building over the past two years, from 27 closings in Rural Richmond Hill.
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 $775/sqft; this home lists at $728/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
Rural Richmond Hill, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $319,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,769
- Property tax
- $181
- Condo / maintenance fees
- $512
- Heating
- $0
- Estimated monthly cost
- $2,462
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,474
- Estimated closing costs
- $4,474
Plus your down payment of $79,980. 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
- $106,134
- Principal paid down
- $39,088
- Interest paid
- $67,045
- Balance remaining
- $280,832
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 19 whole-home leases in Rural Richmond Hill signed at a median of $2,324 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,011. 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 REALTRON REALTY INC.. MLS®/PropTx.