Listed for:Listed 4 days ago
$725,000

Unit 2, 7 Phelps Lane

Richmond Hill (Oak Ridges), ON L4E 1J4

Condo Townhouse For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for Unit 2, 7 Phelps Lane, Richmond Hill, Oak Ridges

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 2, 7 Phelps Lane, Richmond Hill, Oak Ridges

Summarized Description

  • Stylish 3-bedroom townhouse in Richmond Hill.
  • Private rooftop with stunning views.
  • Main floor bedroom with full washroom added.
  • Floor-to-ceiling windows for natural light.
  • Close to parks, shops, and schools.
  • Easy access to Toronto and major highways.
  • Multiple upgrades enhance living experience.
  • Ample outdoor space for relaxation and entertainment.

Stylish and Chic 3-bedroom, 3-full-bath townhouse in a prestigious spot in Richmond Hill that offers the perfect blend of urban living andrelaxation. Step inside and feel the natural light flooding through floor-to-ceiling windows, smooth 9-ft ceilings, elegant Oak staircases, and sleek,beautiful vinyl flooring. Enjoy entertaining on your private, remarkable rooftop with stunning views. The rooftop terrace and two balconies on the2nd and 3rd floors offer ample outdoor space for relaxation and entertainment. Head to the primary bedroom with its 3pc ensuite and balconyaccess. The owner spent 50,000 to add a main floor Bedroom with a full washroom and multiple upgrades. Laundry is conveniently located onthe upper floor. Nearby, discover parks, shops, fine restaurants, and esteemed schools like Academy for Gifted Children, with easy access toToronto, Gormely Go station, and major highways; commuting is a breeze. This property offers an excellent opportunity to own at a reasonableprice and experience living at its finest in the heart of Richmond Hill!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,546
Land Transfer Tax Fee
$10,975

Condo/Maintenance Fee

Maintenance Fee
$375 /month

Included In Maintenance Fee

  • Common Elements Included
  • Parking Included

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
Ensuite
Laundry Level
Upper Level
Interior Extras
Carpet Free
Fireplace/Stove
Yes
Elevator
No

Exterior Features

Balcony
Terrace

Building Amenities

  • BBQs Allowed
  • Rooftop Deck/Garden
  • Visitor Parking

Building

Building Type
Condo Townhouse
Building Style
2-Storey
Approx Age
0-5
Condo Corp Number
1511

Construction

Exposure
North
Exterior Finish
Brick, Stone
Special Designation
Unknown

Inclusions

Inclusions
5 Appliances - All ELF

Parking & Garages

Garage Type
Built-In
Garage Spaces
1
Parking Type
Exclusive
Parking Spaces
0
Total Garage And Parking Spaces
1

Lockers

Locker Type
None

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
3
Washrooms
3
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Dining Room—
    Second level, Combined w/Living, Vinyl Floor
  • Bathroom—
    Second level, 3 Pc Bath
  • Bedroom 3—
    Second level, Large Window, Closet
  • Bathroom—
    Third level, 3 Pc Bath, Closet
  • Living Room—
    Second level, Combined w/Dining, Vinyl Floor, W/O To Balcony
  • Primary Bedroom—
    Third level, 3 Pc Ensuite, W/O To Balcony, Closet
  • Kitchen—
    Second level, Centre Island, Eat-in Kitchen
  • Bedroom 2—
    Third level, Large Window, Vinyl Floor

Washrooms

  • 3-piece, Main
  • 4-piece, Second
  • 3-piece, Second

Municipality
Richmond Hill
Neighbourhood
Oak Ridges
Main cross streets
Y O N G E St / B O N D Cres
Directions
per map

MLS® number
N14107644
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-22
Updated on
2026-10-22
Days on market
4 days
Possession date
2026-12-15
Possession type
30-59 days
Co-op commission
2.5%
Seller
Listed by
AIMHOME REALTY INC.

Home Market Value

Current home valuation for Unit 2, 7 Phelps Lane, Richmond Hill, Oak Ridges, Richmond Hill, ON. Listed for $725,000

HOMEH Estimate

?

$668,297

Estimated Sales Range

?

$588,101 - $748,493

HOMEH Estimate for Unit 2, 7 Phelps Lane, Richmond Hill, Oak Ridges

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$668,297High confidence
Based on 5 comparable properties
+ $56,703 (8%) 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:6.6%

5% on first $500K + 10% on $225,000 over $500K

Minimum down payment

$47,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$27,086$20,228$17,255$0
=Total mortgage
$704,236$672,728$633,505$580,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,438monthly$3,285monthly$3,093monthly$2,832monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$10,975

Total Land Transfer Tax

$10,975

Around this home

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