372 Highway 7 Road, Unit 10, Richmond Hill, ON

$699,000
MLS#:N9297546
2 beds
2 baths
800-899 sqft
1.0 parking
Residential Condo & Other
372 Highway 7 Road E 202, Richmond Hill, ON L4B 1A7
⚠️

Property no longer active

This property was sold on December 4, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Doncrest. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $699,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 800-899 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

The Royal Gardens Condos in Richmond Hill present an exquisite opportunity to own a rare 2-bedroom, 2-bathroom corner unit, which stands out in one of the most sought-after areas. This exceptional property offers a functional layout ideal for modern living and the unit boasts upgraded flooring that elegantly complements the kitchen cabinets and showcases stunning quartz countertops, a stylish backsplash, and an undermount sink, all contributing to a welcoming atmosphere. One of the highlights of this home is its inviting walk-out balcony, which allows for breathtaking southern viewsperfect for enjoying morning coffee or evening sunsets. Accessibility is a key feature, with the property being just steps away from Viva transportation, nearby supermarkets, a diverse selection of restaurants, and only minutes from the highway, making it convenient for commuting. As an added bonus, this spectacular unit has been lovingly maintained by the owner since move-in, ensuring that it is in impeccable condition for its next fortunate homeowner.

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Property Summary

This condo apartment located at 372 Highway 7 Road, Richmond Hill is currently for sale and has been available on SousaSells for 701 days. This property is listed at $699,000 with an estimated mortgage of $2,327* per month. It has 2 beds, 2 bathrooms, and is 800-899 square feet. 372 Highway 7 Road, Richmond Hill is in the Doncrest neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Doncrest, Richmond Hill.

Highly Recommended for Families
What We Love About This Home
  • 2 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • 800-899 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Richmond Hill.

Target Buyer Match

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateDecember 4, 2024
Sold price information is available to members only
Listed Date9/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyYork
Annual Tax$2,553.4

Parking & Garage

Parking Total1.0
Parking Space1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Park

Interior Features

  • None

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 372 Highway 7 Road, Unit 10, Richmond Hill, ON

Q.What is the asking price for 372 Highway 7 Road, Unit 10, Richmond Hill, ON ?

The current listing price for 372 Highway 7 Road, Unit 10, Richmond Hill, ON in Doncrest, Richmond Hill is $699,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 2 bedrooms and 2 bathrooms across approximately 800-899 sqft.

Q.What property type and architectural style is 372 Highway 7 Road, Unit 10, Richmond Hill, ON ?

372 Highway 7 Road, Unit 10, Richmond Hill, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What key property features does 372 Highway 7 Road, Unit 10, Richmond Hill, ON offer?

Key property features include: Park.

Q.What interior features are included in this home?

Interior highlights include: None.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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372 Highway 7 Road, Unit 10, 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 372 Highway 7 Road E 202, Richmond Hill, ON L4B 1A7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$209,700 (30.0%)
* Minimum Canadian down payment required for this price is $44,900.
Amortization Period30 Years
Estimated Monthly Payment$2,327Based on a loan of $489,300 over 30 years.
Purchase Price$699,000
Loan Amount$489,300
Provincial Land Transfer Tax:$10,455
Total Estimated Closing Taxes:$10,455

About Purchasing a Home in Richmond Hill, ON

For a property listed at $699,000 in Richmond Hill, the legal minimum down payment is $44,900 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 $10,455 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 $10,455.

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Doncrest, Richmond Hill Neighborhood Guide

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

Verified Local Data
City Population202,022
City Median Age42.4 Yrs
City Ownership78% Owners
Avg Area List Price$1,177,839

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%

Best Schools in Doncrest, Richmond Hill

Elementary Schools

Christ the King
Public329 Valleymede Drive, Richmond Hill, Ontario, L4B 2E1
8.9
Sixteenth Avenue
Public400 16th Avenue, Richmond Hill, Ontario, L4C 7A9
6.5
Bayview Hill
Public81 Strathearn Avenue, Richmond Hill, Ontario, L4B 2J5
8.0
Doncrest
PublicRichmond Hill, Ontario
8.3
Red Maple
Public155 Red Maple Road, Richmond Hill, Ontario, L4B 4P9
6.7

Secondary Schools

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

Doncrest, Richmond Hill Demographic Home information

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.