156 Observatory Lane, Richmond Hill, ON
Property Highlights
Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $859,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 20.01 x 100.16 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Auto Garage Door Remote, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Freehold Townhouse! Do not miss this spacious Sun-filled Freehold Townhouse at Yonge and Weldrick! Huge family room above the garage can be easily converted to Large 4th Bedroom! Steps To Yonge Street, Hillcrest Mall, Restaurants, Supermarkets, YRT, Viva, Go station, Parks, Hwy7 and 407 And Future Subway Station. Landscaped Front And Backyard. Spacious Easy Flow Layout. Finished Lower Level Offers Large Recreation Room. Pot lights. Fenced Backyard. Excellent schools: Sixteenth Avenue 8.6, Adrienne Clarkson(French) 8.0, Alexander Mackenzie IB 8.2. Two parks with playgrounds nearby, school bus stop at Observatory and Nightstar. Floorplans in photos
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Pricing & Value Insights
Data-driven valuation for 156 Observatory Lane, Richmond Hill, ON L4C 8K8
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $859,000 in Richmond Hill, the legal minimum down payment is $60,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,655 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,655.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.