216-372 Highway 7 East Highway, Richmond Hill, ON
Doncrest, Richmond Hill · MLS® N14084752
About this home
In short
- Welcome to modern luxury & prime convenience at Royal Gardens Condominiums.
- Situated in a well managed building with low maintenance fees, this bright unit features a functional open concept layout filled with natural light.
- Enjoy peace of mind with a 1 year new washer and dryer.
- Unbeatable location steps to Viva/YRT transit, top rated restaurants, supermarkets, plazas, and quick access to Hwy 404/407.
Welcome to modern luxury & prime convenience at Royal Gardens Condominiums. Situated in a well managed building with low maintenance fees, this bright unit features a functional open concept layout filled with natural light. The kitchen boasts stylish finishes and ample cabinetry, opening to a spacious living/dining area. Enjoy peace of mind with a 1 year new washer and dryer. Unbeatable location steps to Viva/YRT transit, top rated restaurants, supermarkets, plazas, and quick access to Hwy 404/407. Amenities include concierge, gym, golf sim, party room, visitor parking & more. Move in ready.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N14084752
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- Hwy 7 & Bayview
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Poured Concrete
- Maintenance
- $417/mo
- Exposure
- North
- Property tax
- $2,067 / 2026
- Listing brokerage
- INTERNATIONAL REALTY FIRM, INC.
Listed at $428,000. Going by how homes in Doncrest and the wider GTA have actually closed against their asking prices (about 97%, 7 local closings in 90 days), the likely sale price is near $416K, if it sells. A realistic range is $392K to $450K.
Independent value check: $415K. Without looking at the asking price, our model values the home itself about 3% below the ask (homes like it typically land between $386K and $436K).
Why $415K. The typical condo sold in Doncrest over the past year went for about $518K (36 sales). What sets this one apart:
- ▼ Lowers it strongly1 bedrooms and 1 baths, against 1.5+1 and 2 typically.
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $2,067 a year; the typical home sold here pays about $2,500.
- ▼ Lowers itIt is 500 to 599 sq ft; the typical home sold here is 700 to 799.
Total price vs nearby homes. Likely closing about $416K, from 7 recent closings in this pocket.
The market behind the math:
About 2.1 months of inventory: 5 condo apartment homes for sale in the area against 7 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $779/sqft against an area asking average of $786/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 7 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $424K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 10 homes sold in this building over the past two years, from 88 closings in Doncrest.
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 $801/sqft; this home lists at $779/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Richmond Hill: $547K in September 2026, down 3% from a year ago, on 405 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Richmond Hill as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $535K | 35 |
| November 2025 | $546K | 36 |
| December 2025 | $540K | 21 |
| January 2026 | $510K | 17 |
| February 2026 | $580K | 29 |
| March 2026 | $595K | 33 |
| April 2026 | $535K | 47 |
| May 2026 | $550K | 43 |
| June 2026 | $510K | 40 |
| July 2026 | $560K | 33 |
| August 2026 | $500K | 39 |
| September 2026 | $547K | 32 |
Neighbourhood & location
Doncrest, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 16, 2026); conventional rates run a little higher.
Mortgage amount $342,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,893
- Property tax
- $172
- Condo / maintenance fees
- $417
- Heating
- $0
- Estimated monthly cost
- $2,482
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,035
- Estimated closing costs
- $5,035
Plus your down payment of $85,600. 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
- $113,591
- Principal paid down
- $41,835
- Interest paid
- $71,756
- Balance remaining
- $300,565
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 numbersThe last 12 whole-home leases in Doncrest signed at a median of $2,216 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $1,974. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of INTERNATIONAL REALTY FIRM, INC.. MLS®/PropTx.