406-40 Baif Boulevard, Richmond Hill, ON

North Richvale, Richmond Hill · MLS® N13876632

$680,000
For Sale
Listed 11 days agoNo offer date stated
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3Bedrooms
2Bathrooms
2Garage
1200-1399Sq ft

About this home

In short

  • Welcome to this 1368 sq ft 3 bedroom, 2 full bathroom sunny south exposure condo.
  • Entertainers delight with this amazing renovated kitchen with an enormous granite center island that has loads of extra storage.
  • Really well designed open concept gourmet kitchen.
  • Walk-in closet and 4 piece ensuite in large primary bedroom.
  • Access to Club 66 with its awesome outdoor pool, games room, gym and party room.

Welcome to this 1368 sq ft 3 bedroom, 2 full bathroom sunny south exposure condo. Entertainers delight with this amazing renovated kitchen with an enormous granite center island that has loads of extra storage. Center piece for guests. Newer Stainless steel appliances, quartz counters, pot drawers, sliders, garbage/recycle stations, etc. Really well designed open concept gourmet kitchen. Beautiful laminate flooring throughout. Spacious living area with walkout to large sunny balcony that allows gas barbecues. New toilets and vanities in the two full bathrooms. In suite laundry room with storage space. Walk-in closet and 4 piece ensuite in large primary bedroom. Side by side two car parking. Storage locker. Walk to Hillcrest Mall, grocery shopping, Yonge St and transit. Access to Club 66 with its awesome outdoor pool, games room, gym and party room. Underground car wash. Option to purchase electric charger station. Maintenance Fees Include Heat, Hydro, Water, CAC, Cable TV, Basic Internet. Residents have access to Club 66 Recreation Centre.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13876632
Bedrooms
3
Bathrooms
2
Size
1200-1399 sq ft
Cross streets
Yonge St./16th Avenue
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$1,335/mo
Exposure
South
Property tax
$2,712 / 2025
Days on market
11
Listing brokerage
CENTURY 21 HERITAGE GROUP LTD.

Rooms

Primary BedroomMain0.00 × 0.00 m
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
What sellers nearby are askingCurrently listed nearby in North Richvale · asking prices
$699kavg 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 $518/sqft; this home lists at $523/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
680kThis home699k650k649k800kThis home vs active comparables

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
$550K
Harding
$514K
Langstaff
$519K
South Richvale
$553K
Crosby
$905K

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
$3,099/mo
$153KIncome needed
4.4×Price ÷ income
$715Weekly cost
$10,075Land 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.

67%mortgage
Mortgage $3,099Property tax $226Condo fee $1,335Total carry $4,660

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)
$3,008per month

Mortgage amount $544,000 · 4.49% over 25 years

$136,000Down payment (20.0%)
$544,000Loan before insurance
$0CMHC premium
$4,569Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,008
Property tax
$226
Condo / maintenance fees
$1,335
Heating
$0
Estimated monthly cost
$4,569

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

One-time closing costs

Ontario land transfer tax
$10,075
Estimated closing costs
$10,075

Plus your down payment of $136,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,641/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

$358,361Total interest paid
$902,361Total of all payments
Principal $544,000 Interest $358,361
YearPrincipalInterestBalance
1$12,140$23,955$531,860
2$12,691$23,403$519,169
3$13,267$22,827$505,902
4$13,870$22,225$492,033
5$14,499$21,595$477,533
6$15,158$20,937$462,376
7$15,846$20,249$446,530
8$16,565$19,529$429,964
9$17,317$18,777$412,647
10$18,104$17,991$394,543
11$18,926$17,169$375,618
12$19,785$16,309$355,833
13$20,683$15,411$335,149
14$21,622$14,472$313,527
15$22,604$13,490$290,923
16$23,630$12,464$267,292
17$24,703$11,391$242,589
18$25,825$10,269$216,764
19$26,998$9,097$189,766
20$28,223$7,871$161,543
21$29,505$6,590$132,038
22$30,844$5,250$101,193
23$32,245$3,849$68,949
24$33,709$2,385$35,240
25$35,240$855$0

At the end of your 5-year term

Total paid over the term
$180,472
Principal paid down
$66,467
Interest paid
$114,005
Balance remaining
$477,533

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$4,100/mo
$49,200Gross annual rent
3.6%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.

7.2%
Gross yield
− Property tax $2,712− Condo fees $16,019− Insurance $600− Vacancy & upkeep $5,412Net operating income $24,457

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.

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