23 Observatory Lane, Unit 272, Richmond Hill, ON

$688,000
MLS#:N13795858
3 beds
3 baths
1200-1399 sqft
2.0 parking
Residential Condo & Other
Residential Condo & Other for sale - 3 Bed, 3 Bath Home at 23 Observatory Lane Richmond Hill ON listed at $688,000 (MLS# N13795858) - Main View
Open House
For Sale
Added:Sep 16, 2026(1 day ago)
Updated:Sep 17, 2026(today)
Last Checked:5 minutes ago

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 $688,000 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 1200-1399 sqft
  • Features a partial basement 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, Auto Garage Door Remote, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Bright Corner End-Unit Townhome Like a Semi at Yonge & Carville! Beautifully renovated and freshly painted 3-bedroom, 3-washroom townhome in the desirable Hillcrest Mall area. Enter through a charming tree-lined walkway and lovely front garden into a bright and spacious open-concept home featuring 9-ft ceilings on the main floor and hardwood flooring throughout. Large eat-in kitchen with quartz countertops, stylish backsplash, gas stove, and French door refrigerator. The kitchen also features a wonderful walkout to a private balcony, bringing in abundant natural light and providing a great space for relaxing and entertaining. Three generously sized bedrooms upstairs, along with two newly renovated bathrooms. The lower level offers a spacious sitting area, ample storage, and a convenient laundry room. Direct access from the large garage, plus a driveway for additional parking. Prime and convenient location close to Hillcrest Mall, Yonge Street transit, GO Station, shops, restaurants, T&T Supermarket, grocery stores, banks, parks, schools, and everyday amenities. Located in a well-established community with plenty of visitor parking. Move-in ready and an excellent opportunity to enjoy comfortable and convenient living in a vibrant Richmond Hill neighbourhood!

Upcoming Open Houses

Saturday, September 19, 20262:00 PM - 4:30 PMPublic
Sunday, September 20, 20262:00 PM - 4:30 PMPublic
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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 1 day. This property is listed at $688,000 with an estimated mortgage of $2,290* per month. It has 3 beds, 3 bathrooms, and is 1200-1399 square feet. 23 Observatory Lane, Richmond Hill is in the Observatory neighborhood.

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

Yes! Featuring 3 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Observatory, Richmond Hill.

Highly Recommended for Families
What We Love About This Home
  • •3 spacious bedroom layout offering versatile living space
  • •3 well-appointed bathrooms
  • •1200-1399 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Richmond Hill.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
1200-1399 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Price$688,000
Maintenance Fee$334.88/mo
AddedSep 16, 2026 (1 day ago)
UpdatedSep 17, 2026 (today)
Last Checked5 minutes ago
Transaction TypeFor Sale
List Office NameMASTER`S TRUST REALTY INC.

Property Details

Property Sub-TypeCondo Townhouse
Architectural Style2-Storey
ConstructionBrick
BasementPartial Basement
CountyYork
Annual Tax$3,587.69

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Water Heater
  • Auto Garage Door Remote
  • Carpet Free

Security Features

None listed

Community Features

None listed

Property History

No historical data available for this property.

This could be the first listing for this address.

Richmond Hill Home Buyer Advisory & Market HubActive MLS® Listing in Richmond Hill, Ontario

Looking to Buy a Home in Richmond Hill?

If you are looking for a house in Richmond Hill or researching Richmond Hill real estate for sale, this 3-bedroom condo apartment at 23 Observatory Lane, Unit 272, Richmond Hill, ON offers an exceptional opportunity to buy a home in Richmond Hill, Ontario. Whether you are a first-time Richmond Hill home buyer or comparing active Richmond Hill MLS® homes for sale, working with a dedicated Richmond Hill buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.

Richmond Hill Homes for Sale & MLS® Listings

Browse all verified Richmond Hill real estate listings, compare active Richmond Hill houses for sale, and view brand new MLS® inventory before it hits the open market.

Dedicated Richmond Hill Buyer Agent

Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Richmond Hill realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.

Richmond Hill Buyer Budget & Costs

Estimated mortgage: $2,290*/month*. Estimated Ontario Land Transfer Tax: $10,235. First-time Richmond Hill home buyers may qualify for up to $8,475 in rebates.

Frequently Asked Questions: Buying a Home in Richmond Hill

Frequently Asked Questions about 23 Observatory Lane, Unit 272, Richmond Hill, ON

Q.What is the asking price for 23 Observatory Lane, Unit 272, Richmond Hill, ON ?

The current listing price for 23 Observatory Lane, Unit 272, Richmond Hill, ON in Observatory, Richmond Hill is $688,000.

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

This property features 3 bedrooms and 3 bathrooms across approximately 1200-1399 sqft.

Q.What property type and architectural style is 23 Observatory Lane, Unit 272, Richmond Hill, ON ?

23 Observatory Lane, Unit 272, Richmond Hill, ON is a Condo Townhouse (2-Storey) featuring a Partial Basement basement.

Q.What interior features are included in this home?

Interior highlights include: Water Heater, Auto Garage Door Remote, Carpet Free.

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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Location

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23 Observatory Lane, Unit 272, Richmond Hill, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Observatory, Richmond Hill

SAFETY RATING9.6 / 10
Low Incident Area
Total Annual Incidents45 incidents / yr
Average Per Month3.8 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

9 assaults (45.0/100k)

Property Security
Low

10 B&E (40.0/100k)

Auto Theft Risk
Low Risk

16 thefts (45.0/100k)

1-Year Trend
â–Ľ 6.4%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: York Regional Police (YRP) Open Data
Halton & GTA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Pricing & Value Insights

Data-driven valuation for 23 Observatory Lane 272, Richmond Hill, ON L4C 0M7

Estimated Sales Range
$654,000 - $674,000

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$206,400 (30.0%)
* Minimum Canadian down payment required for this price is $43,800.
Amortization Period30 Years
Estimated Monthly Payment$2,290Based on a loan of $481,600 over 30 years.
Purchase Price$688,000
Loan Amount$481,600
Provincial Land Transfer Tax:$10,235
Total Estimated Closing Taxes:$10,235

About Purchasing a Home in Richmond Hill, ON

For a property listed at $688,000 in Richmond Hill, the legal minimum down payment is $43,800 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 $10,235 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 $10,235.

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Observatory, Richmond Hill 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$1,212,783

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 Observatory, Richmond Hill

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
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
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

Observatory, Richmond Hill Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%
Rented22%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.

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