Listed for:Listed 7 days ago
$639,888

Unit 502, 100 Observatory Lane

Richmond Hill (Observatory), ON L4C 1T4

Condo Apartment For Sale
Observatory Lane Condo exteriorObservatory Lane Condo16 storeys, 201 suites, built 1987
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for Unit 502, 100 Observatory Lane, Richmond Hill, Observatory

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.

$636,991High confidence
Based on 3 comparable properties
+ $2,897 (0%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Richmond Hill, ON
Minimum Down Payment Required:6.1%

5% on first $500K + 10% on $139,888 over $500K

Minimum down payment

$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
Are you a first time home buyer?

Land Transfer Tax

Provincial

$9,273

Total Land Transfer Tax

$9,273

Around this home

3/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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