721-3 ELLESMERE Street, Richmond Hill, ON
Langstaff, Richmond Hill · MLS® N13864742
About this home
In short
- Welcome to The Gates of Bayview Glen, where this bright and beautifully maintained 7th-floor suite offers approximately 840 sq. ft. of thoughtfully designed living...
- Ideally located steps to Yonge Street and close to shopping, restaurants, parks and schools, with easy access to Hwy 407 and one bus to Finch Subway Station.
Welcome to The Gates of Bayview Glen, where this bright and beautifully maintained 7th-floor suite offers approximately 840 sq. ft. of thoughtfully designed living space, unobstructed northeast views and a fantastic 2-bedroom layout. One of its standout features is the spacious L-shaped living and dining area, providing a true separate dining space with plenty of room for a full dining table while still maintaining an open, airy feel. Large windows fill the suite with natural light, while the updated kitchen features a breakfast bar overlooking the main living area and direct access to the private balcony. Both bedrooms are impressively spacious, offering the flexibility for comfortable everyday living, guests or a proper work-from-home space without sacrificing a bedroom. Laminate flooring in the living and dining areas, excellent storage, one full bathroom, underground parking and a locker complete the package. Ideally located steps to Yonge Street and close to shopping, restaurants, parks and schools, with easy access to Hwy 407 and one bus to Finch Subway Station. Whether you're a first-time buyer, downsizer, professional or investor, this is a condo where the square footage works as well as the location. The photos tell part of the story. The layout might just seal the deal.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13864742
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 800-899 sq ft
- Cross streets
- Yonge and Bantry
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $861/mo
- Exposure
- North East
- Property tax
- $2,277 / 2026
- Days on market
- 14
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
laminate · track lighting · open concept
laminate · double closet · large window
laminate · double closet · large window
ceramic floor · b/i vanity · 4 pc bath
laminate · w/o to balcony · overlooks garden
ceramic floor · breakfast bar · backsplash
ceramic floor · double closet · combined w/laundry
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.
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For sale
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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 $662/sqft; this home lists at $587/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Langstaff, Richmond Hill, ON
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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 20, 2026); conventional rates run a little higher.
Mortgage amount $399,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,207
- Property tax
- $190
- Condo / maintenance fees
- $861
- Heating
- $0
- Estimated monthly cost
- $3,258
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
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
- $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.
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.