502-9471 Yonge Street, Richmond Hill, ON
Observatory, Richmond Hill · MLS® N13880920
About this home
In short
- Welcome to this beautifully maintained 1 bedroom plus den with two full bathrooms suite in the heart of Richmond Hill, featuring soaring 9 ft ceilings, a functional...
- The expansive 164 sq ft balcony is custom tiled, with ample space for outdoor lounge and dining furniture, creating an inviting extension of the indoor living area.
- Situated along the vibrant Yonge Street corridor, with easy access to public transit, shopping, restaurants, and lots of condo amenities (gym, sauna, party & dining...
Welcome to this beautifully maintained 1 bedroom plus den with two full bathrooms suite in the heart of Richmond Hill, featuring soaring 9 ft ceilings, a functional open concept layout, and desirable south exposure overlooking a quiet interior courtyard. The expansive 164 sq ft balcony is custom tiled, with ample space for outdoor lounge and dining furniture, creating an inviting extension of the indoor living area. The versatile den offers the potential to been closed as a separate bedroom, providing added flexibility to suit your needs. Freshly painted, cleaned, and move-in ready! Enjoy exceptional convenience with Hillcrest Mall directly across the street and both T&T Supermarket and No Frills nearby. Situated along the vibrant Yonge Street corridor, with easy access to public transit, shopping, restaurants, and lots of condo amenities (gym, sauna, party & dining room, media room, two rooftop terraces, 24 hr concierge, etc.). Located in the North Tower, residents benefit from a dedicated building exit to the Observatory lane and convenient proximity to the parking garage entrance. An excellent opportunity to enjoy comfortable condo living with generous outdoor space in one of Richmond Hill's most convenient locations!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13880920
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 2
- Size
- 600-699 sq ft
- Cross streets
- Yonge St & 16 th Avenue
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $654/mo
- Exposure
- South
- Property tax
- $2,653 / 2026
- Days on market
- 10
- Listing brokerage
- ROYAL LEPAGE TERREQUITY PLATINUM REALTY
Rooms
stainless steel appl · modern kitchen · b/i dishwasher
w/o to balcony · window floor to ceiling · hardwood floor
combined w/living · open concept · hardwood floor
4 pc ensuite · mirrored closet · hardwood floor
separate room · closet · hardwood floor
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.
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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 $756/sqft; this home lists at $768/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Observatory, 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.
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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 $399,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,207
- Property tax
- $221
- Condo / maintenance fees
- $654
- Heating
- $0
- Estimated monthly cost
- $3,082
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,455
- Estimated closing costs
- $6,455
Plus your down payment of $99,800. 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
- $132,435
- Principal paid down
- $48,775
- Interest paid
- $83,660
- Balance remaining
- $350,425
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 ROYAL LEPAGE TERREQUITY PLATINUM REALTY. MLS®/PropTx.