413-5 Weldrick Road, Richmond Hill, ON

North Richvale, Richmond Hill · MLS® N13872926

$739,900
For Sale
Listed 13 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
1400-1599Sq ft

About this home

In short

  • If you are in search of wonderful, come to Apartment 413 in prestigious 5 Weldrick Road West.
  • The 1450 sq ft open concept living area is a carpet free environment.
  • The spacious L-shaped living and dining room have easy access to the renovated kitchen.
  • Primary bedroom is complete with a spacious ensuite bath and abundant closet space.
  • 2 full baths, ensuite laundry, underground parking, controlled entry plus CLUB66 highlight amenities such as a beautiful pool and gym.

If you are in search of wonderful, come to Apartment 413 in prestigious 5 Weldrick Road West. The 1450 sq ft open concept living area is a carpet free environment. The magnificent solarium boasts a panoramic view over the tree tops. Enjoy both sunrise and sunset through the floor to ceiling windows. Nurture yourself and your plants in this sun filled room. The spacious L-shaped living and dining room have easy access to the renovated kitchen. Fridge, stove, dishwasher, recessed and pot lighting makes this a functional and pleasant work or eating space. Primary bedroom is complete with a spacious ensuite bath and abundant closet space. Walkthrough to the solarium offers a lovely place to sip your morning coffee before starting your day. 2 full baths, ensuite laundry, underground parking, controlled entry plus CLUB66 highlight amenities such as a beautiful pool and gym. Walk to Hillcrest Mall, public transportation, restaurants and shops, and medical offices, enjoy it all in this beautiful and safe environment.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13872926
Bedrooms
2
Bathrooms
2
Size
1400-1599 sq ft
Cross streets
Yonge St / Weldrick Rd W
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$1,317/mo
Exposure
North
Property tax
$2,815 / 2026
Days on market
13
Listing brokerage
REMAX YOUR COMMUNITY REALTY

Rooms

BathroomMain2.55 × 2.38 m
SolariumMain7.18 × 2.77 m

window floor to ceiling · overlooks garden

Primary BedroomMain5.56 × 3.57 m

window floor to ceiling · ensuite bath · walk-thru

Living RoomMain5.50 × 4.59 m

combined w/solarium · window floor to ceiling · overlooks garden

BedroomMain3.92 × 2.60 m

Mirrored Closet

BathroomMain2.71 × 2.38 m
Dining RoomMain5.20 × 3.83 m

combined w/living · track lighting

KitchenMain4.53 × 2.43 m

renovated · stainless steel appl · recessed lighting

Our TakeTeam Asgarian · Broker
A small discount is typical
$718Klikely sale price

Listed at $739,900. Going by how homes in North Richvale and the wider GTA have actually closed against their asking prices (about 97%, 11 local closings in 90 days), the likely sale price is near $718K, if it sells. A realistic range is $676K to $777K.

Independent value check: $637K. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $592K and $669K).

Why $637K. The typical condo sold in North Richvale over the past year went for about $620K (59 sales). What sets this one apart:

  • ▲ Raises it stronglyIt is 1,400 to 1,599 sq ft; the typical home sold here is 1,000 to 1,199.
  • ▼ Lowers itIts maintenance fee is $1,317 a month; the typical unit sold here pays about $1,080.
List price
$676KBelow recent closings$777KAbove recent closings

Total price vs nearby homes. Likely closing about $718K, from 11 recent closings in this pocket.

The market behind the math:

11sold nearby · 90 days
$579Kmedian sold price
95%of asking, on average
−7%prices vs a year ago
~18 dayshomes like this take to sell
13days on market so far
$3,536/moest. rent · 49 leases
5.7%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 5.5 months of inventory: 20 condo apartment homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $493/sqft against an area asking average of $525/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 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $620K. Condition and finishes remain an in-person call.

What the listing highlights4 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Primary suite: a key comfort and resale feature. Lifestyle
  • Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($493/sqft) is below the area, so you are paying for extra space rather than a premium.

Based on 11 homes sold in this building over the past two years, from 120 closings in North Richvale.

What sellers nearby are askingCurrently listed nearby in North Richvale · asking prices
$649kavg asking

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 $481/sqft; this home lists at $493/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
740kThis home749k718k600k530kThis home vs active comparables

Sold 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.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$535K35
November 2025$546K36
December 2025$540K21
January 2026$510K17
February 2026$580K29
March 2026$595K33
April 2026$535K47
May 2026$550K43
June 2026$510K40
July 2026$560K33
August 2026$500K39
September 2026$547K32

Neighbourhood & location

North Richvale, 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.

Observatory
$556K
Harding
$547K
Langstaff
$531K
Crosby
$860K
South Richvale
$670K

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
$3,372/mo
$164KIncome needed
4.5×Price ÷ income
$778Weekly cost
$11,273Land 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.

68%mortgage
Mortgage $3,372Property tax $235Condo fee $1,317Total carry $4,924

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)
$3,273per month

Mortgage amount $591,920 · 4.49% over 25 years

$147,980Down payment (20.0%)
$591,920Loan before insurance
$0CMHC premium
$4,824Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,273
Property tax
$235
Condo / maintenance fees
$1,317
Heating
$0
Estimated monthly cost
$4,824

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

One-time closing costs

Ontario land transfer tax
$11,273
Estimated closing costs
$11,273

Plus your down payment of $147,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,961/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

$389,928Total interest paid
$981,848Total of all payments
Principal $591,920 Interest $389,928
YearPrincipalInterestBalance
1$13,209$26,065$578,711
2$13,809$25,465$564,902
3$14,436$24,838$550,466
4$15,091$24,183$535,375
5$15,777$23,497$519,598
6$16,493$22,781$503,105
7$17,242$22,032$485,864
8$18,025$21,249$467,839
9$18,843$20,431$448,996
10$19,698$19,575$429,298
11$20,593$18,681$408,705
12$21,528$17,746$387,177
13$22,505$16,769$364,672
14$23,527$15,747$341,145
15$24,595$14,679$316,550
16$25,712$13,562$290,838
17$26,879$12,394$263,958
18$28,100$11,174$235,858
19$29,376$9,898$206,482
20$30,710$8,564$175,773
21$32,104$7,170$143,669
22$33,562$5,712$110,107
23$35,085$4,189$75,022
24$36,678$2,596$38,344
25$38,344$930$0

At the end of your 5-year term

Total paid over the term
$196,370
Principal paid down
$72,322
Interest paid
$124,048
Balance remaining
$519,598

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
From 49 whole-home leases in North Richvale$3,536/mo
$42,432Gross annual rent
2.5%Cap rate after taxes and upkeep
$3,307 to $3,712Typical rent range
~17 daysTo find a tenant, on average

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

Talk about the numbers

The last 49 whole-home leases in North Richvale signed at a median of $3,312 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,536. 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.

5.7%
Gross yield
− Property tax $2,815− Condo fees $15,809− Insurance $600− Vacancy & upkeep $4,668Net operating income $18,540

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

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