511-5 Weldrick Road, Richmond Hill, ON

North Richvale, Richmond Hill · MLS® N14087706

$619,900
For Sale
Listed 3 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
1Garage
1200-1399Sq ft

About this home

In short

  • SPACE, STYLE & LOCATION - THIS ONE HAS IT ALL! Welcome to Unit 511 at 5 Weldrick Road West, a beautifully updated and exceptionally spacious 2-bedroom, 2-bathroom...
  • Offering approximately 1,237 sq. ft. of thoughtfully designed living space, this impressive suite delivers the comfort and functionality of a home with the...
  • The beautifully renovated kitchen features elegant quartz countertops, ceramic flooring, and stainless steel appliances, combining everyday practicality with...
  • Enjoy an excellent collection of building amenities, including an outdoor swimming pool, sauna, fitness centre, party room, games room, ample visitor parking, and...
  • Commuters will benefit from convenient access to Yonge Street, Viva Blue rapid transit, Langstaff GO Station, Highway 407, and other major routes, making travel...

**SPACE, STYLE & LOCATION - THIS ONE HAS IT ALL!** Welcome to Unit 511 at 5 Weldrick Road West, a beautifully updated and exceptionally spacious 2-bedroom, 2-bathroom condo in Richmond Hill's highly sought-after North Richvale community! Offering approximately **1,237 sq. ft. of thoughtfully designed living space**, this impressive suite delivers the comfort and functionality of a home with the convenience of condo living.Step inside to discover a bright, inviting interior featuring **brand-new laminate flooring throughout, fresh paint, and modern light fixtures**. The expansive living and dining areas are perfect for entertaining family and friends, while the sun-filled solarium offers a versatile bonus space ideal for a home office, reading nook, or peaceful retreat. The beautifully renovated kitchen features elegant quartz countertops, ceramic flooring, and stainless steel appliances, combining everyday practicality with contemporary style. Two generously sized bedrooms and convenient in-suite laundry complete this fantastic layout.Enjoy an excellent collection of building amenities, including an outdoor swimming pool, sauna, fitness centre, party room, games room, ample visitor parking, and security features.**PRIME RICHMOND HILL LOCATION!** Enjoy exceptional convenience with Hillcrest Mall, T&T Supermarket, grocery stores, restaurants, cafés, and everyday shopping just minutes away. Outdoor enthusiasts will appreciate nearby Baif Park, green spaces, and recreational facilities, including Richvale Community Centre. Families will love the proximity to schools, libraries, and community amenities. Commuters will benefit from convenient access to Yonge Street, Viva Blue rapid transit, Langstaff GO Station, Highway 407, and other major routes, making travel throughout the GTA a breeze.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14087706
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
1200-1399 sq ft
Cross streets
Yonge/16th Ave
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$1,089/mo
Exposure
North East
Property tax
$2,521 / 2025
Days on market
3
Listing brokerage
CENTURY 21 INNOVATIVE REALTY INC.

Rooms

Living RoomMain5.44 × 5.44 m

combined w/dining · open concept · laminate

SolariumMain3.05 × 2.74 m

bow window · ceramic floor · large window

Dining RoomMain5.44 × 5.44 m

combined w/living · open concept · laminate

Primary BedroomMain6.40 × 3.35 m

laminate · 3 pc ensuite · double closet

Bedroom 2Main4.27 × 2.79 m

laminate · closet · large window

LaundryMain1.63 × 1.52 m

Ceramic Floor

KitchenMain5.26 × 2.74 m

breakfast area · b/i appliances · ceramic backsplash

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

North 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.

Observatory
$550K
Harding
$514K
Langstaff
$519K
Crosby
$905K
South Richvale
$553K

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
$2,825/mo
$138KIncome needed
4.5×Price ÷ income
$652Weekly cost
$8,873Land 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.

68%mortgage
Mortgage $2,825Property tax $210Condo fee $1,089Total carry $4,125

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)
$2,742per month

Mortgage amount $495,920 · 4.49% over 25 years

$123,980Down payment (20.0%)
$495,920Loan before insurance
$0CMHC premium
$4,041Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,742
Property tax
$210
Condo / maintenance fees
$1,089
Heating
$0
Estimated monthly cost
$4,041

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

One-time closing costs

Ontario land transfer tax
$8,873
Estimated closing costs
$8,873

Plus your down payment of $123,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,319/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

$326,688Total interest paid
$822,608Total of all payments
Principal $495,920 Interest $326,688
YearPrincipalInterestBalance
1$11,067$21,837$484,853
2$11,569$21,335$473,284
3$12,095$20,810$461,189
4$12,644$20,261$448,546
5$13,218$19,687$435,328
6$13,818$19,086$421,510
7$14,445$18,459$407,064
8$15,101$17,803$391,963
9$15,787$17,117$376,176
10$16,504$16,401$359,673
11$17,253$15,651$342,420
12$18,036$14,868$324,383
13$18,855$14,049$305,528
14$19,711$13,193$285,817
15$20,606$12,298$265,210
16$21,542$11,362$243,668
17$22,520$10,384$221,148
18$23,543$9,362$197,606
19$24,611$8,293$172,994
20$25,729$7,175$147,265
21$26,897$6,007$120,368
22$28,118$4,786$92,250
23$29,395$3,509$62,855
24$30,730$2,175$32,125
25$32,125$779$0

At the end of your 5-year term

Total paid over the term
$164,522
Principal paid down
$60,592
Interest paid
$103,929
Balance remaining
$435,328

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
4.5%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.

7.9%
Gross yield
− Property tax $2,521− Condo fees $13,072− Insurance $600− Vacancy & upkeep $5,412Net operating income $27,595

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 INNOVATIVE REALTY INC.. MLS®/PropTx.

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