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Listed 2 months ago

3 - 7 Phelps Lane

Oak Ridges, Richmond Hill

$739,900

Condo Townhouse |
3 | 3 | 1 | 1
About this home

Welcome to The Bond on Yonge - a modern urban condo townhome community in the heart of Richmond Hill. This beautifully designed 3-bedroom, 3-full bathroom home offers stylish contemporary living in one of the city's most sought-after locations. Built in 2023, this carpet free residence features a Bright OPEN-CONCEPT layout with stunning Floor to Ceiling Windows that fill the home with natural light. 9' Smooth ceilings throughout! Enjoy upgraded hard Vinyl flooring throughout, Modern finishes, and a sleep kitchen complete with Stainless steel Appliances. The spacious layout is ideal for families and professionals alike, offering comfortable bedrooms, functional living space, and the convenience of an attached garage. Step outside to an impressive private terrace on the third floor- perfect for entertaining, relaxing, or enjoying outdoor living. Located just minutes from Yonge street, Shops, Restaurants, parks, transit, Richmond Hill GO Station, and major highways including 404 and 407. A fantastic opportunity to own a newer home in a vibrant and highly desirable Richmond Hill Community.

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Townhouse
StyleStacked Townhouse
Approx. Age0-5
Size1200-1399 sq. ft.
Maintenance Fees$257
LockerOwned
BalconyTerrace
ExposureNorth
Parking TypeAttached
Parking Spaces1
Parking FeaturesPrivate
Property Tax$4,600
mls© NumberN13164054
Listed BySPECTRUM REALTY SERVICES INC.
Common Elements Included
Building Insurance Included
Parking 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%
$3,787
Property tax
$383
Heat allowance
$150
Condo fees, half counted
$129
Housing costs
$4,449 / mo

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

Down payment20% · $147,980
25-yr amortization

Income needed

$137,000

gross annual household income

Payment at 4%
$3,114 / mo
Cash down
$147,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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