1221-8 David Eyer Road, Richmond Hill, ON

Rural Richmond Hill, Richmond Hill · MLS® N13879926

$850,000
For Sale
Listed 10 days agoNo offer date stated
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3Bedrooms
3Bathrooms
1Garage
1200-1399Sq ft

About this home

In short

  • Welcome to modern luxury exquisite Townhouse Located In Richmond Hill.
  • This stunning Beautiful End Unit Brand New Boutique Stacked Townhouse features 3 Bedrooms and 3 washrooms.
  • It Combines the Modern Style with Every Urban Living Convenience with an open concept design.
  • Close to Restaurants, Shopping, Transit, Highway Etc.

Welcome to modern luxury exquisite Townhouse Located In Richmond Hill. This stunning Beautiful End Unit Brand New Boutique Stacked Townhouse features 3 Bedrooms and 3 washrooms. It Combines the Modern Style with Every Urban Living Convenience with an open concept design. This Beautiful Brand New Townhouse is located in Richmond Hill, one of GTA's fastest growing municipalities. Close to Restaurants, Shopping, Transit, Highway Etc.

Key facts

Property type
Condo Townhouse, Stacked Townhouse
MLS®
N13879926
Bedrooms
3
Bathrooms
3 (1 half)
Size
1200-1399 sq ft
Cross streets
Bayview/Elgin Mills
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Other
Maintenance
$311/mo
Exposure
East
Property tax
$4,211 / 2025
Days on market
10
Listing brokerage
HOMELIFE/MIRACLE REALTY LTD

Rooms

Dining RoomMain4.15 × 2.78 m
Bedroom 2Lower3.26 × 2.77 m
Living RoomMain4.30 × 4.11 m
KitchenMain3.54 × 2.13 m
Primary BedroomLower3.26 × 3.23 m
Bedroom 3Lower2.74 × 2.47 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 Rural Richmond Hill · asking prices
$771kavg 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 $614/sqft; this home lists at $654/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
850kThis home840k818k780k749k669kThis home vs active comparables

Neighbourhood & location

Rural Richmond Hill, 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.

Headford Business Park
$900K
Mill Pond
$659K
Westbrook
$912K
Jefferson
$562K
Observatory
$684K

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
$3,874/mo
$168KIncome needed
5.1×Price ÷ income
$894Weekly cost
$13,475Land 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.

85%mortgage
Mortgage $3,874Property tax $351Condo fee $311Total carry $4,536

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)
$3,760per month

Mortgage amount $680,000 · 4.49% over 25 years

$170,000Down payment (20.0%)
$680,000Loan before insurance
$0CMHC premium
$4,422Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,760
Property tax
$351
Condo / maintenance fees
$311
Heating
$0
Estimated monthly cost
$4,422

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

One-time closing costs

Ontario land transfer tax
$13,475
Estimated closing costs
$13,475

Plus your down payment of $170,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,551/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

$447,951Total interest paid
$1,127,951Total of all payments
Principal $680,000 Interest $447,951
YearPrincipalInterestBalance
1$15,175$29,943$664,825
2$15,864$29,254$648,962
3$16,584$28,534$632,378
4$17,337$27,781$615,041
5$18,124$26,994$596,917
6$18,947$26,171$577,970
7$19,807$25,311$558,162
8$20,707$24,411$537,456
9$21,647$23,471$515,809
10$22,630$22,488$493,179
11$23,657$21,461$469,522
12$24,731$20,387$444,791
13$25,854$19,264$418,937
14$27,028$18,090$391,909
15$28,255$16,863$363,653
16$29,538$15,580$334,115
17$30,879$14,239$303,236
18$32,281$12,837$270,955
19$33,747$11,371$237,208
20$35,279$9,839$201,929
21$36,881$8,237$165,047
22$38,556$6,562$126,492
23$40,306$4,812$86,186
24$42,136$2,982$44,049
25$44,049$1,069$0

At the end of your 5-year term

Total paid over the term
$225,590
Principal paid down
$83,083
Interest paid
$142,507
Balance remaining
$596,917

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
4.1%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.

5.8%
Gross yield
− Property tax $4,211− Condo fees $3,735− Insurance $600− Vacancy & upkeep $5,412Net operating income $35,242

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

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