507-5 Weldrick Road, Richmond Hill, ON
North Richvale, Richmond Hill · MLS® N13881128
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About this home
In short
- Welcome to North Richvale, in the Heart of Richmond Hill.
- This Building is Conveniently Located a Short Walk Off Yonge Street Between Major MacKenzie and 16th Ave.
- This South Facing 1,237 sq ft Unit is Move In Ready.
- The Primary Bedroom Features His and Hers Closets and a 4 Piece Ensuite.
- The Open Concept Living/Dining Area Leads to a Solarium - A Perfect Reading/Quiet Area/Craft Area/ 3rd Bedroom or Office.
Welcome to North Richvale, in the Heart of Richmond Hill. This Building is Conveniently Located a Short Walk Off Yonge Street Between Major MacKenzie and 16th Ave. This South Facing 1,237 sq ft Unit is Move In Ready. The Primary Bedroom Features His and Hers Closets and a 4 Piece Ensuite. The Unit Features a Second Bedroom, Laundry and Second 4 Piece Bathroom. The Open Concept Living/Dining Area Leads to a Solarium - A Perfect Reading/Quiet Area/Craft Area/ 3rd Bedroom or Office. The Maintenance Fee Includes All Utilities. Weather Buyer(s) are End Users or Wish to Renovate/Update and Re-List This Property is Priced to Sell.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13881128
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1200-1399 sq ft
- Cross streets
- Yonge / Major Mac or 16th
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $1,100/mo
- Exposure
- South
- Property tax
- $2,600 / 2026
- Days on market
- 4
- Listing brokerage
- ROYAL LEPAGE RCR REALTY
Rooms
4 pc ensuite · his and hers closets
Combined w/Living
Combined w/Dining
Ceiling Fan(s)
South View
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readNeighbourhood & location
North Richvale, Richmond Hill, ON
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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 $423,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,344
- Property tax
- $217
- Condo / maintenance fees
- $1,100
- Heating
- $0
- Estimated monthly cost
- $3,661
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,073
- Estimated closing costs
- $7,073
Plus your down payment of $105,980. 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
- $140,636
- Principal paid down
- $51,795
- Interest paid
- $88,840
- Balance remaining
- $372,125
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 RCR REALTY. MLS®/PropTx.