622-8888 Yonge Street, Richmond Hill, ON
South Richvale, Richmond Hill · MLS® N14095722
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About this home
In short
- Discover Luxury Living at 8888 Yonge Street.
- An exceptional opportunity to own a BRAND-NEW, NEVER-LIVED-IN, BUILDER-DIRECT residence in the heart of Richmond Hill.
- Professionally staged and beautifully presented, this stunning 2-bedroom, 2-bathroom suite offers 708 sq. ft. of thoughtfully designed interior living space plus an...
- Enjoy a functional, modern layout featuring a spacious primary bedroom, a versatile second bedroom ideal for guests or a home office, and two stylish 3-piece...
- Experience the convenience of an unbeatable location at Yonge Street and Highway 7, just minutes from shopping, restaurants, entertainment, Langstaff GO Station, VIVA...
Discover Luxury Living at 8888 Yonge Street! An exceptional opportunity to own a BRAND-NEW, NEVER-LIVED-IN, BUILDER-DIRECT residence in the heart of Richmond Hill! Professionally staged and beautifully presented, this stunning 2-bedroom, 2-bathroom suite offers 708 sq. ft. of thoughtfully designed interior living space plus an impressive 85 sq. ft. private terrace. Enjoy a functional, modern layout featuring a spacious primary bedroom, a versatile second bedroom ideal for guests or a home office, and two stylish 3-piece bathrooms, one with a relaxing bathtub and the other with a sleek glass-enclosed shower. Desirable northwest exposure offers beautiful, clear, unobstructed views, creating the perfect setting to relax and unwind. Experience the convenience of an unbeatable location at Yonge Street and Highway 7, just minutes from shopping, restaurants, entertainment, Langstaff GO Station, VIVA Transit, and the planned Yonge North Subway Extension. An incredible opportunity for first-time buyers, professionals, and investors alike! Parking available for purchase at $60,000 plus applicable taxes and locker at $5,000. BUILDER VTB FINANCING AVAILABLE! Advertised price excludes HST. Enjoy peace of mind with TARION NEW HOME WARRANTY coverage!. Your opportunity to own a beautiful new home in one of Richmond Hill's most convenient locations starts here.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N14095722
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-799 sq ft
- Cross streets
- YONGE/HWY7
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $491/mo
- Exposure
- North West
- Property tax
- $2,556 / 2026
- Listing brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Listed at $643,000. Going by how homes in South Richvale and the wider GTA have actually closed against their asking prices (about 98%, 7 local closings in 90 days), the likely sale price is near $628K, if it sells. A realistic range is $592K to $680K.
Independent value check: $569K. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $529K and $598K).
Why $569K. The typical condo sold in South Richvale over the past year went for about $560K (27 sales). What sets this one apart:
- ▲ Raises itIt is 700 to 799 sq ft; the typical home sold here is 600 to 699.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $2,556 a year; the typical home sold here pays about $2,600.
Total price vs nearby homes. Likely closing about $628K, from 7 recent closings in this pocket.
The market behind the math:
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 $562K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Based on 7 comparable homes that sold in South Richvale over the past two years, from 53 closings there.
Sold 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
South Richvale, Richmond Hill, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $514,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,844
- Property tax
- $213
- Condo / maintenance fees
- $491
- Heating
- $0
- Estimated monthly cost
- $3,548
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,335
- Estimated closing costs
- $9,335
Plus your down payment of $128,600. 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
- $170,652
- Principal paid down
- $62,850
- Interest paid
- $107,802
- Balance remaining
- $451,550
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 266 whole-home leases in South Richvale signed at a median of $2,494 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,704. 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 CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.