307-6 DAVID EYER Road, Richmond Hill, ON

Rural Richmond Hill, Richmond Hill · MLS® N13841270

$499,000
For Sale
Listed 14 days agoNo offer date stated

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1+1Bedrooms
2Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Welcome to Elgin East by Sequoia Grove Homes.
  • Spacious 1+1 bedrooms, convenient 2 bathrooms, 652 sq.
  • Excellent layout, Open concept with a balcony , Very bright, 9 feet smooth ceiling through out, Modern kitchen, Quartz countertop , Built in appliances .Condo...
  • Great location, minutes from Costco, Home Depot, Walmart, Dollarama, Restaurants, Library, Community Centre Hwy 404, and GO Train station.

Welcome to Elgin East by Sequoia Grove Homes. Excellent opportunity for first-time buyers, Downsizers or investors. Great location, Family friendly community. Spacious 1+1 bedrooms, convenient 2 bathrooms, 652 sq. Excellent layout, Open concept with a balcony , Very bright, 9 feet smooth ceiling through out, Modern kitchen, Quartz countertop , Built in appliances .Condo amenities include concierge, piano lounge, party room, outdoor BBQ, Theater, hobby room, gym and a yoga studio. Great location, minutes from Costco, Home Depot, Walmart, Dollarama, Restaurants, Library, Community Centre Hwy 404, and GO Train station.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13841270
Bedrooms
1+1 (2 total)
Bathrooms
2
Size
600-699 sq ft
Cross streets
Bayview Ave/Elgin Mills Rd
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$573/mo
Exposure
North East
Property tax
$2,535 / 2025
Days on market
14
Listing brokerage
RIGHT AT HOME REALTY
Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Rural Richmond Hill, Richmond Hill, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$2,274/mo
$108KIncome needed
4.6×Price ÷ income
$525Weekly cost
$6,455Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

74%mortgage
Mortgage $2,274Property tax $211Condo fee $573Total carry $3,058

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,207per month

Mortgage amount $399,200 · 4.49% over 25 years

$99,800Down payment (20.0%)
$399,200Loan before insurance
$0CMHC premium
$2,991Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,207
Property tax
$211
Condo / maintenance fees
$573
Heating
$0
Estimated monthly cost
$2,991

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$6,455
Estimated closing costs
$6,455

Plus your down payment of $99,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,672/monthPayment at the qualifying rate

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

$262,974Total interest paid
$662,174Total of all payments
Principal $399,200 Interest $262,974
YearPrincipalInterestBalance
1$8,908$17,578$390,292
2$9,313$17,174$380,979
3$9,736$16,751$371,243
4$10,178$16,309$361,065
5$10,640$15,847$350,425
6$11,123$15,364$339,302
7$11,628$14,859$327,674
8$12,156$14,331$315,518
9$12,708$13,779$302,810
10$13,285$13,202$289,525
11$13,888$12,599$275,637
12$14,519$11,968$261,118
13$15,178$11,309$245,940
14$15,867$10,620$230,073
15$16,587$9,899$213,486
16$17,341$9,146$196,145
17$18,128$8,359$178,017
18$18,951$7,536$159,066
19$19,811$6,675$139,255
20$20,711$5,776$118,544
21$21,651$4,836$96,893
22$22,634$3,853$74,258
23$23,662$2,825$50,596
24$24,736$1,750$25,860
25$25,860$627$0

At the end of your 5-year term

Total paid over the term
$132,435
Principal paid down
$48,775
Interest paid
$83,660
Balance remaining
$350,425

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.

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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

Rental yield
Estimate$2,050/mo
$24,600Gross annual rent
2.4%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

4.9%
Gross yield
− Property tax $2,535− Condo fees $6,873− Insurance $600− Vacancy & upkeep $2,706Net operating income $11,886

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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