23 Observatory Lane, Unit 48, Richmond Hill, ON
Property no longer active
This property was sold on February 24, 2026. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey condo townhouse located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $705,000 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 1400-1599 sqft
- Features a half, walk-out 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: Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this well-maintained 3-bedroom, 3-bathroom condo townhouse ideally located in the heart of Richmond Hill. This move-in-ready home features smooth ceilings and pot lights throughout, along with a stylish accent wall in the living room. The spacious eat-in kitchen is thoughtfully designed with quartz countertops, ample cabinetry, and generous storage. The kitchen also features a cozy fireplace and a walkout to a private balcony, creating a warm, functional space ideal for everyday living and casual entertaining. The primary bedroom offers a modern 4-piece ensuite, while two additional bedrooms feature closets and windows that provide plenty of natural light. The lower level includes a large laundry and utility area with abundant storage and direct access to the garage for added convenience. Enjoy exceptional transit access with YRT bus service steps from Yonge Street and a short drive to GO Transit stations. Ideally situated, walking distance to Hillcrest Mall, grocery stores, restaurants, parks, and all essential amenities. Close to highly ranked schools. A fantastic opportunity to own in a sought-after Richmond Hill community. Home is under video surveillance.
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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 181 days. This property is listed at $705,000 with an estimated mortgage of $2,347* per month. It has 3 beds, 3 bathrooms, and is 1400-1599 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
- •1400-1599 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
- Public Transit
Interior Features
- Storage
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 23 Observatory Lane, Unit 48, Richmond Hill, ON
Q.What is the asking price for 23 Observatory Lane, Unit 48, Richmond Hill, ON ?
The current listing price for 23 Observatory Lane, Unit 48, Richmond Hill, ON in Observatory, Richmond Hill is $705,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 3 bathrooms across approximately 1400-1599 sqft.
Q.What property type and architectural style is 23 Observatory Lane, Unit 48, Richmond Hill, ON ?
23 Observatory Lane, Unit 48, Richmond Hill, ON is a Condo Townhouse (2-Storey) featuring a Half, Walk-Out basement.
Q.What key property features does 23 Observatory Lane, Unit 48, Richmond Hill, ON offer?
Key property features include: Public Transit.
Q.What interior features are included in this home?
Interior highlights include: Storage.
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 96, Richmond Hill, ON L4C 0M7
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $705,000 in Richmond Hill, the legal minimum down payment is $45,500 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 $10,575 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 $10,575.
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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.