100 Observatory Lane, Richmond Hill, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $649,998 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 1000-1199 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
The Observatory Condo - Spacious 2-Bedroom Suite in a Prime Richmond Hill LocationWelcome to this bright and beautifully maintained two-bedroom residence located inthe heart of Richmond Hill, just steps from Hillcrest Mall, public transit, parks,grocery stores, and a variety of restaurants. The thoughtfully designed layoutfeatures a walk-out to a private balcony, ample storage throughout, and a largeprimary bedroom complete with a walk-in closet and a four-piece ensuite bath.Situated in a highly sought-after Tridel-built community, residents enjoy animpressive selection of amenities including an indoor pool, sauna, hot tub, fullyequipped fitness center, tennis court, guest suite, library, party and meetingroom, and games room. This suite includes a fridge, stove, built-in dishwasher,washer and dryer, all existing light fixtures, and electronic window coverings, aswell as parking and a locker. Recent updates include new flooring in the livingarea, a new LG stacked washer and dryer, custom closet organizers in all threeclosets, new baseboards throughout, and new decking on the balcony. Maintenancefees are all-inclusive, excluding property taxes.Experience the perfect combination of comfort, convenience, and quality living atThe Observatory.
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Interior Features
Carpet Free, Primary Bedroom - Main Floor
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 100 Observatory Lane SE 502, Richmond Hill, ON L4C 1T4
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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 $649,998 in Richmond Hill, the legal minimum down payment is $40,000 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 $9,475 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 $9,475.
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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.