
Unit 502, 100 Observatory Lane
Richmond Hill (Observatory), ON L4C 1T4
Observatory Lane Condo16 storeys, 201 suites, built 1987- 2Bedrooms
- 2Bathrooms
- 1Parking
- 1000–1199Sq Ft
- $2,484Tax
- $1,001/moCondo Fee
- Estimated Value:$636,991See Free Estimate Report

Sale & Price History for Unit 502, 100 Observatory Lane, Richmond Hill, Observatory
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Unit 502, 100 Observatory Lane, Richmond Hill, Observatory
Summarized Description
- Spacious 2-bedroom suite in Richmond Hill
- Bright layout with private balcony access
- Large primary bedroom with ensuite bath
- Recent updates include new flooring and closet organizers
- Located near amenities and public transit
- Tridel-built community with extensive facilities
- All-inclusive maintenance fees for convenience
The Observatory Condo - Spacious 2-Bedroom Suite in a Prime Richmond Hill Location Welcome to this bright and beautifully maintained two-bedroom residence located in the heart of Richmond Hill, just steps from Hillcrest Mall, public transit, parks, grocery stores, and a variety of restaurants. The thoughtfully designed layout features a walk-out to a private balcony, ample storage throughout, and a large primary bedroom complete with a walk-in closet and a four-piece ensuite bath. Situated in a highly sought-after Tridel-built community, residents enjoy an impressive selection of amenities including an indoor pool, sauna, hot tub, fully equipped fitness center, tennis court, guest suite, library, party and meeting room, and games room. This suite includes a fridge, stove, built-in dishwasher, washer and dryer, all existing light fixtures, and electronic window coverings, as well as parking and a locker. Recent updates include new flooring in the living area, a new LG stacked washer and dryer, custom closet organizers in all three closets, new baseboards throughout, and new decking on the balcony. Maintenance fees are all-inclusive, excluding property taxes. Experience the perfect combination of comfort, convenience, and quality living at The Observatory.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $2,484
- Land Transfer Tax Fee
- $9,273
Condo/Maintenance Fee
- Maintenance Fee
- $1,001 /month
Included In Maintenance Fee
- Heat Included
- Hydro Included
- Water Included
- Cable TV Included
- Common Elements Included
- Building Insurance Included
- Parking Included
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Ensuite
- Interior Extras
- Carpet Free, Primary Bedroom - Main Floor
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- Open
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Condo Corp Number
- 594
Construction
- Exposure
- South East
- Exterior Finish
- Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- All appliances, all window coverings (electric), All ELF's, one parking, one locker. High speed Internet included.
Parking & Garages
- Garage Type
- Underground
- Garage Spaces
- 1
- Parking Type
- Owned
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- Owned
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 2
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Dining Room—Flat level, Laminate, Pass Through
- Living Room—Flat level, Laminate, Pass Through, W/O To Balcony
- Kitchen—Flat level, Laminate, Overlooks Dining
- Bedroom 2—Flat level, Laminate, Double Closet
- Primary Bedroom—Flat level, Laminate, Walk-In Closet(s), 4 Pc Ensuite
Washrooms
- 4-piece, Flat
- 3-piece, Flat
- Municipality
- Richmond Hill
- Neighbourhood
- Observatory
- Main cross streets
- Yonge St & Observatory Lane
- Directions
- Yonge St & Observatory Lane
- MLS® number
- N14093126
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-10-19
- Updated on
- 2026-10-19
- Days on market
- 7 days
- Possession type
- Flexible
- Co-op commission
- 2.5%
- Seller
- Listed by
- RE/MAX WEST REALTY INC.
Home Market Value
Current home valuation for Unit 502, 100 Observatory Lane, Richmond Hill, Observatory, Richmond Hill, ON. Listed for $639,888
HOMEH Estimate
$636,991
Estimated Sales Range
$533,250 - $740,732
HOMEH Estimate for Unit 502, 100 Observatory Lane, Richmond Hill, Observatory
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $139,888 over $500K
$38,989
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $24,034 | $17,853 | $15,229 | $0 |
=Total mortgage | $624,889 | $593,752 | $559,134 | $511,910 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,051monthly | $2,899monthly | $2,730monthly | $2,499monthly |
Land Transfer Tax
$9,273
$9,273
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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