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Listed 19 days ago

222 - 23 Observatory Lane

Observatory, Richmond Hill

$798,800

Condo Townhouse |
2 | 4 | 2 | 1
About this home

Stunning Newly Upgraded 2-Bedroom, 4-Bathroom Condo Townhome Located in the Heart of Richmond Hill! **This South-Facing Home Is Filled with Natural Light *Bright OpenConcept Layout with 9-Ft Ceilings on the Main Floor *Freshly Painted in Designer Neutral Tones and Beautifully Upgraded with New Engineered Hardwood Flooring on the Main Level, Hardwood Staircase, and Laminate Flooring on the Second Floor-Carpet Free Throughout.*The Spacious family room Features a Cozy Gas Fireplace and Double Sliding Doors Leading to a Large Private Deck, Perfect for Morning Coffee or Relaxing Outdoors *Main Floor Office Ideal for Working from Home, Plus a Convenient 3-Piece Bathroom *The Renovated Kitchen Boasts Upgraded Cabinetry, Granite Countertops, Stylish Backsplash, and Quality Finishes. Upstairs Features Two Generous-Sized Bedrooms, Each with Its Own Beautifully Upgraded Ensuite Bathroom *The Finished Basement Includes an Additional 3-Piece Bathroom. *Unbeatable Walk-to-Everything Location-Just Steps to Yonge Street, Hillcrest Mall, Community Centre, Library, Parks, Trails, Playground, Splash Pad, Restaurants, T&T Supermarket, and Public Transit. Minutes to the GO Station, Highways 407 & 404, and Hospital *Ideal for First-Time Buyers, Down sizers, or Investors. The Ground-Level Room with Its Own 3-Piece Bathroom Offers Excellent In-Law or Income Potential *Located Within Top-Rated School Districts. Don't Miss This Opportunity to Own a Beautifully Upgraded Home in One of Richmond Hill's Most Convenient Locations!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$335
LockerEnsuite+Owned
BalconyOpen
ExposureSouth
Parking TypeBuilt-In
Parking Spaces2
Parking FeaturesPrivate
Property Tax$3,552
mls© NumberN13572224
Listed ByRE/MAX HALLMARK REALTY LTD.
Common Elements Included
Building Insurance Included
Water Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,089
Property tax
$296
Heat allowance
$150
Condo fees, half counted
$167
Housing costs
$4,702 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $159,760
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,361 / mo
Cash down
$159,760

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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