224 Matawin Lane, Richmond Hill, ON

Headford Business Park, Richmond Hill · MLS® N13872750

$888,000
For Sale
Listed 1 day agoNo offer date stated

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3Bedrooms
4Bathrooms
1Garage
1400-1599Sq ft

About this home

In short

  • Welcome To This Beautiful Corner Unit Townhome By Treasure Hill In The Desirable Legacy Hill Community.
  • Featuring The Largest Layout In The Project At 1,502 Sq.
  • Ft., With 3 Bedrooms, 4 Bathrooms, A Finished Basement And 2 Private Balconies.
  • Minutes To Costco, T&T, Walmart, Parks And Top-Rated Schools, With Convenient Access To Public Transit And GO Station, Plus Quick Access To Hwy 404 & 407.

Welcome To This Beautiful Corner Unit Townhome By Treasure Hill In The Desirable Legacy Hill Community. Featuring The Largest Layout In The Project At 1,502 Sq. Ft., With 3 Bedrooms, 4 Bathrooms, A Finished Basement And 2 Private Balconies. Loaded With Builder Upgrades, Including Smooth Ceilings, Vinyl Flooring, And An Upgraded Kitchen With Quartz Countertops, Waterfall Island, Soft-Close Cabinetry And Stainless Steel Appliances. Quietly Located On An Interior Street Away From Major Mackenzie, With Visitor Parking Right At Your Doorstep. Minutes To Costco, T&T, Walmart, Parks And Top-Rated Schools, With Convenient Access To Public Transit And GO Station, Plus Quick Access To Hwy 404 & 407.

Key facts

Property type
Condo Townhouse, 3-Storey
MLS®
N13872750
Bedrooms
3
Bathrooms
4 (1 half)
Size
1400-1599 sq ft
Cross streets
Major Mackenzie & Hwy 404
Parking
1 garage (built-in)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$198/mo
Exposure
North West
Days on market
1
Listing brokerage
FIRST CLASS REALTY INC.
Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Headford Business Park, Richmond Hill, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$4,047/mo
$180KIncome needed
4.9×Price ÷ income
$934Weekly cost
$14,235Land 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.

84%mortgage
Mortgage $4,047Estimated property tax $555Condo fee $198Total carry $4,800

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,928per month

Mortgage amount $710,400 · 4.49% over 25 years

$177,600Down payment (20.0%)
$710,400Loan before insurance
$0CMHC premium
$4,681Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,928
Estimated property tax
$555
Condo / maintenance fees
$198
Heating
$0
Estimated monthly cost
$4,681

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

One-time closing costs

Ontario land transfer tax
$14,235
Estimated closing costs
$14,235

Plus your down payment of $177,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,754/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

$467,977Total interest paid
$1,178,377Total of all payments
Principal $710,400 Interest $467,977
YearPrincipalInterestBalance
1$15,853$31,282$694,547
2$16,573$30,562$677,974
3$17,325$29,810$660,649
4$18,112$29,023$642,537
5$18,934$28,201$623,602
6$19,794$27,341$603,808
7$20,693$26,442$583,115
8$21,632$25,503$561,483
9$22,615$24,521$538,868
10$23,641$23,494$515,227
11$24,715$22,420$490,512
12$25,837$21,298$464,676
13$27,010$20,125$437,666
14$28,236$18,899$409,429
15$29,518$17,617$379,911
16$30,859$16,276$349,052
17$32,260$14,875$316,792
18$33,724$13,411$283,068
19$35,256$11,879$247,812
20$36,856$10,279$210,956
21$38,530$8,605$172,426
22$40,279$6,856$132,147
23$42,108$5,027$90,039
24$44,020$3,115$46,019
25$46,019$1,116$0

At the end of your 5-year term

Total paid over the term
$235,675
Principal paid down
$86,798
Interest paid
$148,878
Balance remaining
$623,602

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$4,750/mo
$57,000Gross annual rent
4.7%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.

6.4%
Gross yield
− Property tax $6,216− Condo fees $2,378− Insurance $600− Vacancy & upkeep $6,270Net operating income $41,536

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

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