1404-56 Elizabeth Street, Richmond Hill, ON
Mill Pond, Richmond Hill · MLS® N13877426
About this home
In short
- Great Value in the Heart of Richmond Hill! about 1 year old stacked townhouse within walking distance to Yonge St.
- This sun-filled west-facing 2+Den (den with doors, ideal as a 3rd bedroom or office),3 full baths offers a smart, functional layout with an open-concept kitchen...
- Enjoy the perfect blend of comfort and convenience-nestled in a quiet enclave yet just minutes to vibrant amenities including the library, Wave Pool, arena, hospital...
Great Value in the Heart of Richmond Hill! about 1 year old stacked townhouse within walking distance to Yonge St. This sun-filled west-facing 2+Den (den with doors, ideal as a 3rd bedroom or office),3 full baths offers a smart, functional layout with an open-concept kitchen, dining, and living area, plus a stylish breakfast island. Unit includes one owned parking space plus the option to continue renting a second spot from a fellow resident . Enjoy the perfect blend of comfort and convenience-nestled in a quiet enclave yet just minutes to vibrant amenities including the library, Wave Pool, arena, hospital, top-rated schools, and GO Transit. A modern lifestyle opportunity not to be missed! 270 Sqf outdoor terrace. Front Entrance facing the parking lot.
Key facts
- Property type
- Condo Townhouse, Stacked Townhouse
- MLS®
- N13877426
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1200-1399 sq ft
- Cross streets
- Arnold Cres & Elizabeth Street S
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $520/mo
- Exposure
- West
- Property tax
- $3,740 / 2026
- Days on market
- 11
- Listing brokerage
- MASTER`S CHOICE REALTY INC.
Rooms
3 pc bath · large window · walk-in closet(s)
laminate · large window · open concept
laminate · open concept · combined w/family
4 pc bath · w/o to terrace · closet
4 pc bath · window · double closet
laminate · stainless steel appl · breakfast bar
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
Nothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market.
Per square foot, these ask about $588/sqft; this home lists at $500/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Mill Pond, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $519,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,875
- Property tax
- $312
- Condo / maintenance fees
- $520
- Heating
- $0
- Estimated monthly cost
- $3,706
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,473
- Estimated closing costs
- $9,473
Plus your down payment of $129,980. 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
- $172,484
- Principal paid down
- $63,525
- Interest paid
- $108,959
- Balance remaining
- $456,395
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 MASTER`S CHOICE REALTY INC.. MLS®/PropTx.