Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

23 Observatory Lane 204, Richmond Hill, ON L4C 0M7

3 beds · 3 baths · 1 kitchen · 8 rooms · 2 parking spaces · 1800-1999 sq ft · No locker · Laundry: In Basement · Condo Townhouse
$899,000

Utilities includedWater

Also includedCommon Elements · Building Insurance · Parking

Maintenance fee
$335 / month
Property tax
$4,325 / year
Included in the fee
Common Elements, Building Insurance, Parking, Water

Look No Further. Ideal Townhome Nestled In The Heart Of Richmond Hill.Renovated 3 Bed, 3 Bath With Ground Floor Family Room/Office Walk Out To The Garden. The Main Level With 9 Ft Ceilings Gives Airy Atmosphere. Pot Lights, Crown Molding Ceiling Throughout Living/Dining Room. Eat-In Kitchen And Large W/O Balcony Off Breakfast Area. Good Size Bedrooms.Direct Access To Garage, Well-Maintained Complex W/Low Maintenance Fees.Enjoy The Convenience Of Location With Parks, Schools, Hillcrest Shopping Across The Street, Restaurants, Public Transit, Richmond Hill Go Station, And Highways 404 And 407

MLS number
N13569744
Type
Condo Townhouse
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
L4C 0M7
Photos
40
Locker
No
Laundry
In Basement
Included in the fee
Common Elements, Building Insurance, Parking, Water
60days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Adrienne Clarkson PS8.9 / 10
Elementary · French Immersion · 1-8
YRDSB boundary · approved March 2011
Sixteenth Avenue PS7.1 / 10
Elementary · Regular Track · JK-8
YRDSB boundary · approved March 2002
Alexander Mackenzie HS8.4 / 10
Secondary · Arts · 9-12
YRDSB boundary
Thornlea SS8.4 / 10
Secondary · French Immersion · 9-12
YRDSB boundary · approved December 2025
Alexander Mackenzie HS8.4 / 10
Secondary · International Baccalaureate (IB) · 9-12
YRDSB boundary
Langstaff SS6.7 / 10
Secondary · Regular Track · 9-12
YRDSB boundary · approved January 2005
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

York Region. Published by the York Region District School Board’s planning department, with the date the board approved each boundary shown above. A boundary approved years ago is still the current one until the board redraws it, but the older the date, the more worth confirming.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: YRDSB school locator.

Sources: York Region District School Board planning department.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Quantum AcademySecondary292 mNot reported
Laureates Academy for Gifted StudentsElementary and secondary458 mNot reported
CanadaeAcademySecondary532 mNot reported
Richmond Hill Montessori Private SchoolElementary1.1 kmNot reported
Ross Doan Public School
York Region DSB
Elementary926 m8.0 / 10
80% met the standard · 3 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,951 people.

$51,600Median household income
45.5%Own their home
0%Detached houses
43.6Median age
64.2%Born outside Canada
43.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35191102 — the few blocks around this address, home to 1,951 people. It describes the area, not this property.

1,951Population
44.9Average age
2Household size
$72,200Average household income
$51,600Median household income
46%Own their home
55%Rent
67%Condominiums
64%Born outside Canada
43%University degree
$684,000Average home value
30%Low income
73%Not in the labour force
30%Never married
Under $5,0003%
$5,000 to $9,9991%
$10,000 to $14,9992%
$15,000 to $19,9994%
$20,000 to $24,99910%
$25,000 to $29,9994%
$30,000 to $34,9995%
$35,000 to $39,9993%
$40,000 to $44,9994%
$45,000 to $49,9993%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over19%
$100,000 to $124,9996%
$125,000 to $149,9995%
$150,000 to $199,9994%
$200,000 and over3%

Percentages are of the 1,210 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$179,800 · minimum here is $64,900
$3,980.58per month
Borrowed before insurance$719,200
Total borrowed$719,200
Interest over 25 years at 4.5%$474,973

If you rented it out

-$4,675.99per month out of pocket
Rent$0.00
Everything it costs to hold$4,675.99
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RIGHT AT HOME REALTY. Listing data provided by the Toronto Regional Real Estate Board.