176 Observatory Lane, Richmond Hill, ON

$959,900
MLS#:N9011174
3 beds
3 baths
2.0 parking
Residential Freehold
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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 $959,900 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.

  • 3 Bedrooms and 3 Bathrooms
  • Premium 20.03 x 100.16 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

FREEHOLD 3 Bedrooms, 3 Bathroom Townhouse Nestled In The High Demand Area Of Richmond Hill. Open Concept Living & Dining Room W/Walk-Out To Large Deck & Green Oasis W/Mature Trees That Offers Lots Of Privacy. Spacious Kitchen. Large In-Between Level Family Room Can Easily Be Converted Into 4th Bdrm. The Property Was Upgraded With: Front Porch Enclosure 2023; New Roof 2023; All Eaves/Gutters/Downspouts 2019; Renovated Ensuite Bathroom 2021; Renovated Main Bathroom 2021 & 2nd Level Broadloom - 2020. Steps To Public Transit, Dunlop Observatory w/Walking Trails, Top Ranked Schools, Daycare, 2 Parks, Hill Crest Mall, Grocery Stores, Restaurants & Other Amenities. Minutes To HWY 404 & 407.

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Property Summary

This townhouse located at 176 Observatory Lane, Richmond Hill is currently for sale and has been available on SousaSells for 737 days. This property is listed at $959,900 with an estimated mortgage of $3,195* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 176 Observatory Lane, Richmond Hill is in the Observatory neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 7, 2024
Sold price information is available to members only
Listed Date7/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size20.03 × 100.16 Feet
CountyYork
Annual Tax$4,004.38
Legal DescriptionPCL 187-24 SEC 65M2346; PT BLK 187 PL 65M2346, PT

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Park, Public Transit, School, School Bus Route

Interior Features

Central Vacuum

Security Features

Community Features

Location

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176 Observatory Lane, Richmond Hill, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 176 Observatory Lane, Richmond Hill, ON L4C 8K7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.

Configure Loan Settings

Interest Rate4.00%
Down Payment$287,970 (30.0%)
* Minimum Canadian down payment required for this price is $70,990.
Amortization Period30 Years
Estimated Monthly Payment$3,195Based on a loan of $671,930 over 30 years.
Purchase Price$959,900
Loan Amount$671,930
Provincial Land Transfer Tax:$15,673
Total Estimated Closing Taxes:$15,673

About Purchasing a Home in Richmond Hill, ON

For a property listed at $959,900 in Richmond Hill, the legal minimum down payment is $70,990 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 $15,673 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 $15,673.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Observatory, Richmond Hill.

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,368,575

People & Families

Age Distribution

Household Composition

One-person households
18%
Families with children
50%
Couples without children
27%
Other households
5%

Top Ethnic Origins

Chinese30%
Iranian11%
Canadian8%
Italian7%

Local Schools Guide

Elementary Schools

Sixteenth Avenue
Public400 16th Avenue, Richmond Hill, Ontario, L4C 7A9
6.5
St Joseph
Public301 Roney Avenue, Richmond Hill, Ontario, L4C 2H4
7.0
Walter Scott
Public500 Major MacKenzie Drive East, Richmond Hill, Ontario, L4C 1J2
3.9
Bayview Hill
Public81 Strathearn Avenue, Richmond Hill, Ontario, L4B 2J5
8.0
St Charles Garnier
Public16 Castle Rock Drive, Richmond Hill, Ontario, L4C 5H5
9.3

Secondary Schools

Richmond Hill
Public189 Weldrick Road East, Richmond Hill, Ontario, L4C 0A6
8.3
Alexander MacKenzie
Public300 Major MacKenzie Drive West, Richmond Hill, Ontario, L4C 3S3
8.5
Bayview
Public10077 Bayview Avenue, Richmond Hill, Ontario, L4C 2L4
9.2
Norval-Morrisseau
Public51 Wright Street, Richmond Hill, Ontario, L4C 4A1
8.3
Langstaff
Public106 Garden Avenue, Richmond Hill, Ontario, L4C 6M1
5.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.