22 George Bales Lane, Richmond Hill, ON

Rural Richmond Hill, Richmond Hill · MLS® N13855546

$1,053,000
For Sale
Listed 17 days agoNo offer date stated
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3+1Bedrooms
4Bathrooms
1Garage
1500-2000Sq ft

About this home

In short

  • Welcome to 22 George Bales Lane.
  • This thoughtfully designed 3 bedroom home has features like: direct access from the single car garage with private driveway and on a ravine lot that provides...
  • Ideally located just minutes away from Hwy 404, Gormley Go Station, Costco, Home Depot, banks supermarkets and restaurants.

Welcome to 22 George Bales Lane! One of the newest modern townhomes to have a highly sought after Richmond Hill address! Ravine at the back. This thoughtfully designed 3 bedroom home has features like: direct access from the single car garage with private driveway and on a ravine lot that provides convenience and comfort. Ideally located just minutes away from Hwy 404, Gormley Go Station, Costco, Home Depot, banks supermarkets and restaurants. Zoned for the top-ranking Richmond Green Secondary School. Don't miss this rare opportunity for a brand new never lived in home in a prime location.

Key facts

Property type
Townhouse, 3-Storey
MLS®
N13855546
Bedrooms
3+1 (4 total)
Bathrooms
4 (1 half)
Size
1500-2000 sq ft
Lot
19.69 × 64.5 ft
Cross streets
Leslie St and 19th Ave
Parking
1 garage (built-in)
Driveway
None
Basement
Full, Unfinished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete Block
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$2,174 / 2025
Days on market
17
Listing brokerage
RESIDENTIAL DEVELOPMENT SERVICES INC.

Rooms

Great RoomMain5.03 × 3.40 m
Living RoomMain5.18 × 3.40 m
KitchenMain3.96 × 2.64 m

open concept · breakfast bar · centre island

Bedroom 3Second3.04 × 2.79 m
Primary BedroomSecond4.06 × 3.45 m

4 Pc Ensuite

Bedroom 2Second3.10 × 2.79 m
Dining RoomMain4.98 × 3.05 m

open concept · w/o to deck

Bedroom 4Lower3.76 × 2.79 m

3 Pc Ensuite

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Rural Richmond Hill, Richmond Hill, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Rouge Woods
$1.00M
Jefferson
$999K
Westbrook
$1.07M
Oak Ridges Lake Wilcox
$1.02M
Oak Ridges
$1.08M

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

Affordability
$4,799/mo
$191KIncome needed
5.5×Price ÷ income
$1,108Weekly cost
$17,535Land 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.

96%mortgage
Mortgage $4,799Property tax $181Total carry $4,980

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)
$4,658per month

Mortgage amount $842,400 · 4.49% over 25 years

$210,600Down payment (20.0%)
$842,400Loan before insurance
$0CMHC premium
$4,839Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,658
Property tax
$181
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,839

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

One-time closing costs

Ontario land transfer tax
$17,535
Estimated closing costs
$17,535

Plus your down payment of $210,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,637/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

$554,932Total interest paid
$1,397,332Total of all payments
Principal $842,400 Interest $554,932
YearPrincipalInterestBalance
1$18,799$37,095$823,601
2$19,652$36,241$803,949
3$20,545$35,349$783,404
4$21,477$34,416$761,927
5$22,453$33,441$739,474
6$23,472$32,421$716,002
7$24,538$31,356$691,465
8$25,652$30,241$665,813
9$26,817$29,077$638,996
10$28,034$27,859$610,962
11$29,307$26,586$581,655
12$30,638$25,256$551,017
13$32,029$23,865$518,989
14$33,483$22,410$485,506
15$35,003$20,890$450,502
16$36,593$19,301$413,910
17$38,254$17,639$375,656
18$39,991$15,902$335,665
19$41,807$14,087$293,859
20$43,705$12,189$250,154
21$45,689$10,204$204,465
22$47,764$8,130$156,701
23$49,932$5,961$106,769
24$52,199$3,694$54,569
25$54,569$1,324$0

At the end of your 5-year term

Total paid over the term
$279,466
Principal paid down
$102,926
Interest paid
$176,541
Balance remaining
$739,474

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.

Let's connect

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$3,150/mo
$37,800Gross annual rent
2.9%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.

3.6%
Gross yield
− Property tax $2,174− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $30,068

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RESIDENTIAL DEVELOPMENT SERVICES INC.. MLS®/PropTx.

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