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Listed 11 days ago

1502W - 3 Rosewater Street

South Richvale, Richmond Hill

$498,000

Condo Apartment |
2 | 2 | 1 | 1
About this home

Steps from the New Subway Station of the upcoming Yonge North Subway Extension, providing a fantastic opportunity for future appreciation, this prime corner suite in the heart of Richmond Hill features a stunning, sunlit 2-bedroom, 2-bathroom layout with unobstructed views and a practical split-bedroom design for maximum privacy. The open-concept living and dining areas showcase 9-foot smooth-finished ceilings, oversized floor-to-ceiling windows, and wide-plank light flooring, complemented by a modern kitchen equipped with quartz countertops, a stylish backsplash, and a functional center island with a breakfast bar. Additional highlights include a private open balcony, a generous secondary bathroom, in-suite laundry, an owned parking space, and an owned locker, all set in an unbeatable location just steps from local transit, Langstaff GO Station, Cineplex Plaza, shopping, restaurants, Walmart, LCBO, and top-rated schools.

Extras

No extras listed.

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This seller is likely holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size700-799 sq. ft.
Maintenance Fees$770
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,881
mls© NumberN13867030
Listed ByRE/MAX EXCEL REALTY LTD.
Building Insurance Included
Parking Included
Common Elements Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,549
Property tax
$240
Heat allowance
$150
Condo fees, half counted
$385
Housing costs
$3,324 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,600
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,096 / mo
Cash down
$99,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

South Richvale
Condo apartment · July – September 2026
Cool

For condo apartment listings, South Richvale is currently leaning buyers' way — there is more choice and more room to negotiate. Over July – September 2026, homes here typically sold in about 50 days and fetched 101% of the asking price. Buyer competition is holding steady versus the same months last year.

Demand
0.26
Avg days on market
50 d
Sale-to-list
101%
Price change (YoY)
—

Provisional — based on 9 sales

Market balance
Condo Apartment sales vs new listings in Richmond Hill · last 3 months

0.33

Buyer's market

Buyer'sSeller's
Days on market
Condo Apartment in Richmond Hill

43days

+11 days vs the same month last year

Average sold price
Condo Apartment in Richmond Hill · last 12 months

$587,199

+1.3% vs a year ago

Nearby listings

Comparable sales

  • No similar listings found.