23 Observatory Lane, Unit 73, Richmond Hill, ON
Property no longer active
This property was sold on May 27, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 3-Storey condo townhouse located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $959,000 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.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 1600-1799 sqft
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Water Heater Owned, Auto Garage Door Remote
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 23 Observatory Lane #225, a beautifully maintained 3 bed, 3 bath townhome nestled in the heart of Richmond Hill. Bathed in natural light from large windows and featuring soaring 9-ft ceilings on the main floor, this home offers a bright and airy atmosphere. The spacious eat-in kitchen shines with brand new stainless steel appliances, quartz countertops, a stylish backsplash, and a convenient pantry. The open-concept living and dining area flows effortlessly onto a large balcony, ideal for morning coffee or evening relaxation. The second floor offers two generously sized bedrooms, a 4-piece bath, and a laundry room with cabinet storage. The private third-floor primary retreat includes double closets and its own 4-piece ensuite for ultimate comfort. Located in a quiet, family-friendly neighbourhood, you're just steps to Viva transit, Hillcrest Mall, community centres, plazas, and more. Easy access to Hwy 407, 7 & 404 and the upcoming subway extension makes commuting a breeze!
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Property Summary
This townhouse located at 23 Observatory Lane, Richmond Hill is currently for sale and has been available on SousaSells for 472 days. This property is listed at $959,000 with an estimated mortgage of $3,192* per month. It has 3 beds, 3 bathrooms, and is 1600-1799 square feet. 23 Observatory Lane, Richmond Hill is in the Observatory neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Observatory, Richmond Hill.
- •3 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1600-1799 sqft of generous functional square footage
Families, couples, or downsizers looking for a well-proportioned home in Richmond Hill.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Arts Centre
- Hospital
- Park
- Place Of Worship
- Public Transit
- School
Interior Features
- Water Heater Owned
- Auto Garage Door Remote
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 23 Observatory Lane, Unit 73, Richmond Hill, ON
Q.What is the asking price for 23 Observatory Lane, Unit 73, Richmond Hill, ON ?
The current listing price for 23 Observatory Lane, Unit 73, Richmond Hill, ON in Observatory, Richmond Hill is $959,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 3 bathrooms across approximately 1600-1799 sqft.
Q.What property type and architectural style is 23 Observatory Lane, Unit 73, Richmond Hill, ON ?
23 Observatory Lane, Unit 73, Richmond Hill, ON is a Condo Townhouse (3-Storey) featuring a Partially Finished basement.
Q.What key property features does 23 Observatory Lane, Unit 73, Richmond Hill, ON offer?
Key property features include: Arts Centre, Hospital, Park, Place Of Worship, Public Transit, School.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned, Auto Garage Door Remote.
Q.Is parking available at this property?
Yes, this property offers parking space for 2.0 vehicles (Built-In).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 23 Observatory Lane 225, Richmond Hill, ON L4C 0M7
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $959,000 in Richmond Hill, the legal minimum down payment is $70,900 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 $15,655 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 $15,655.
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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.