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.

398 Highway 7 Road E Ph06, Richmond Hill, ON L4B 1A7

2+1 beds · 3 baths · 1 kitchen · 6 rooms · 2 parking spaces · 1200-1399 sq ft · Locker · Laundry in unit · Condo Apartment
$1,250,000

Utilities includedCentral Air Conditioning · Heat

Also includedCommon Elements · Condo Taxes · Building Insurance · Parking

Maintenance fee
$1,294 / month
Property tax
$4,098 / year
Included in the fee
CAC, Common Elements, Condo Taxes, Heat, Building Insurance, Parking

**Extreme Rare*** Penthouse Living In Nearly New Valleymede Condo! Over 1400 Sq Ft Enjoyable Space With Soaring 10Ft Ceiling With Sophisticated Appliances Ensuring Your Luxurious Lifestyle Meets Quality Living! Primary Room And 2nd Bedroom Are Separated Ensuring Maximum Privacy And Enjoyment! **2 Side By Side Parkings With 1 Spacious Locker Inlcuded** Steps To Local Shops, Fine Dinnings & Shopping Centre!

MLS number
N13681198
Type
Condo Apartment
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
L4B 1A7
Photos
36
Locker
Yes — Owned (locker 227)
Laundry
Ensuite
Included in the fee
CAC, Common Elements, Condo Taxes, Heat, Building Insurance, Parking
28days · 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

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

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

Approximate — placed from the postal code, which can cover a block or more.

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 are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

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
Ways Ivy AcademySecondary351 mNot reported
Duowei Education CentreElementary and secondary833 mNot reported
ASIM'SchoolSecondary779 mNot reported
Sunnybrook Secondary SchoolSecondary1.1 kmNot reported

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.

The market around this home

Condo Apartments in Richmond Hill791 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$505k$885k$1.26M20252026this home’s asking price
$520klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d17d34d20252026
33dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in richmond hill. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,853 people.

$60,000Median household income
54.5%Own their home
5.6%Detached houses
36.8Median age
64.9%Born outside Canada
45.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190443 — the few blocks around this address, home to 1,853 people. It describes the area, not this property.

1,853Population
41.4Average age
1.9Household size
$63,800Average household income
$60,000Median household income
55%Own their home
46%Rent
94%Condominiums
65%Born outside Canada
46%University degree
$696,000Average home value
29%Low income
76%Not in the labour force
32%Never married
Under $5,0005%
$5,000 to $9,9992%
$10,000 to $14,9992%
$15,000 to $19,9992%
$20,000 to $24,9995%
$25,000 to $29,9993%
$30,000 to $34,9995%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over19%
$100,000 to $124,9998%
$125,000 to $149,9993%
$150,000 to $199,9994%
$200,000 and over2%

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.

$250,000 · minimum here is $100,000
$5,534.73per month
Borrowed before insurance$1,000,000
Total borrowed$1,000,000
Interest over 25 years at 4.5%$660,419

If you rented it out

-$7,170.23per month out of pocket
Rent$0.00
Everything it costs to hold$7,170.23
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 BAY STREET GROUP INC.. Listing data provided by the Toronto Regional Real Estate Board.