1509W-3 Rosewater Street, Richmond Hill, ON

South Richvale, Richmond Hill · MLS® N14086306

$849,900
For Sale
Listed 3 days agoNo offer date stated
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3Bedrooms
2Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • Welcome To The Prestigious Westwood Community In Desirable South Richvale.
  • Spectacular Sun filled Corner Unit Features 3 Bedrooms, 2 Washrooms With Parking & Locker, Modern Yet Comfortable Split Bedroom Layout, Floor To Ceiling Window Allow...

Welcome To The Prestigious Westwood Community In Desirable South Richvale! Spectacular Sun filled Corner Unit Features 3 Bedrooms, 2 Washrooms With Parking & Locker, Modern Yet Comfortable Split Bedroom Layout, Floor To Ceiling Window Allow For An Abundance Of Natural Light , Large Open Concept Living/Dining Area, Kitchen Island With Ample Storage, 9Ft Smooth Finished Ceilings ,Wide Plank Laminate Wood Floors, Primary Bedroom Features Large W/I Closet& Private Ensuite, Spacious Bathrooms With Rain-Head Shower & Walk-Out To Large Balcony With Clear Panoramic City Views ,Prime Location At Yonge & Hwy 7 & 407. Walking Distance to Shops, Restaurants, Parks, Playground, Public transportation, Go STN and Top Rated Schools. Must See! Handicap Parking Allows For Larger Parking Area.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14086306
Bedrooms
3
Bathrooms
2
Size
800-899 sq ft
Cross streets
Yonge St/Hwy 7
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$847/mo
Exposure
South West
Property tax
$3,154 / 2025
Days on market
3
Listing brokerage
SUTTON GROUP-HERITAGE REALTY INC.
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

Neighbourhood & location

South Richvale, 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.

Langstaff
$519K
Observatory
$550K
North Richvale
$643K
Doncrest
$570K
Harding
$514K

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
$175KIncome needed
4.9×Price ÷ income
$894Weekly cost
$13,473Land 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.

78%mortgage
Mortgage $3,874Property tax $263Condo fee $847Total carry $4,984

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,759per month

Mortgage amount $679,920 · 4.49% over 25 years

$169,980Down payment (20.0%)
$679,920Loan before insurance
$0CMHC premium
$4,869Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,759
Property tax
$263
Condo / maintenance fees
$847
Heating
$0
Estimated monthly cost
$4,869

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

One-time closing costs

Ontario land transfer tax
$13,473
Estimated closing costs
$13,473

Plus your down payment of $169,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,550/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

$447,898Total interest paid
$1,127,818Total of all payments
Principal $679,920 Interest $447,898
YearPrincipalInterestBalance
1$15,173$29,940$664,747
2$15,862$29,251$648,885
3$16,582$28,531$632,303
4$17,335$27,778$614,968
5$18,122$26,991$596,846
6$18,945$26,168$577,902
7$19,805$25,308$558,097
8$20,704$24,409$537,392
9$21,644$23,468$515,748
10$22,627$22,486$493,121
11$23,654$21,458$469,467
12$24,728$20,384$444,738
13$25,851$19,262$418,887
14$27,025$18,088$391,863
15$28,252$16,861$363,611
16$29,535$15,578$334,076
17$30,876$14,237$303,200
18$32,277$12,835$270,923
19$33,743$11,370$237,180
20$35,275$9,838$201,905
21$36,877$8,236$165,028
22$38,551$6,562$126,477
23$40,301$4,811$86,176
24$42,131$2,981$44,044
25$44,044$1,069$0

At the end of your 5-year term

Total paid over the term
$225,564
Principal paid down
$83,074
Interest paid
$142,490
Balance remaining
$596,846

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$2,700/mo
$32,400Gross annual rent
1.8%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.

3.8%
Gross yield
− Property tax $3,154− Condo fees $10,167− Insurance $600− Vacancy & upkeep $3,564Net operating income $14,915

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-HERITAGE REALTY INC.. MLS®/PropTx.

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