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222 - 23 Observatory Lane
Observatory, Richmond Hill
$798,800
Stunning Newly Upgraded 2-Bedroom, 4-Bathroom Condo Townhome Located in the Heart of Richmond Hill! **This South-Facing Home Is Filled with Natural Light *Bright OpenConcept Layout with 9-Ft Ceilings on the Main Floor *Freshly Painted in Designer Neutral Tones and Beautifully Upgraded with New Engineered Hardwood Flooring on the Main Level, Hardwood Staircase, and Laminate Flooring on the Second Floor-Carpet Free Throughout.*The Spacious family room Features a Cozy Gas Fireplace and Double Sliding Doors Leading to a Large Private Deck, Perfect for Morning Coffee or Relaxing Outdoors *Main Floor Office Ideal for Working from Home, Plus a Convenient 3-Piece Bathroom *The Renovated Kitchen Boasts Upgraded Cabinetry, Granite Countertops, Stylish Backsplash, and Quality Finishes. Upstairs Features Two Generous-Sized Bedrooms, Each with Its Own Beautifully Upgraded Ensuite Bathroom *The Finished Basement Includes an Additional 3-Piece Bathroom. *Unbeatable Walk-to-Everything Location-Just Steps to Yonge Street, Hillcrest Mall, Community Centre, Library, Parks, Trails, Playground, Splash Pad, Restaurants, T&T Supermarket, and Public Transit. Minutes to the GO Station, Highways 407 & 404, and Hospital *Ideal for First-Time Buyers, Down sizers, or Investors. The Ground-Level Room with Its Own 3-Piece Bathroom Offers Excellent In-Law or Income Potential *Located Within Top-Rated School Districts. Don't Miss This Opportunity to Own a Beautifully Upgraded Home in One of Richmond Hill's Most Convenient Locations!
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| Type | Condo Townhouse |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1200-1399 sq. ft. |
| Maintenance Fees | $335 |
| Locker | Ensuite+Owned |
| Balcony | Open |
| Exposure | South |
| Parking Type | Built-In |
| Parking Spaces | 2 |
| Parking Features | Private |
| Property Tax | $3,552 |
| mls© Number | N13572224 |
| Listed By | RE/MAX HALLMARK REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,089
- Property tax
- $296
- Heat allowance
- $150
- Condo fees, half counted
- $167
- Housing costs
- $4,702 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$145,000
gross annual household income
- Payment at 4%
- $3,361 / mo
- Cash down
- $159,760
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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