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272 - 23 Observatory Lane
Observatory, Richmond Hill
$688,000
Bright Corner End-Unit Townhome Like a Semi at Yonge & Carville! Beautifully renovated and freshly painted 3-bedroom, 3-washroom townhome in the desirable Hillcrest Mall area. Enter through a charming tree-lined walkway and lovely front garden into a bright and spacious open-concept home featuring 9-ft ceilings on the main floor and hardwood flooring throughout. Large eat-in kitchen with quartz countertops, stylish backsplash, gas stove, and French door refrigerator. The kitchen also features a wonderful walkout to a private balcony, bringing in abundant natural light and providing a great space for relaxing and entertaining. Three generously sized bedrooms upstairs, along with two newly renovated bathrooms. The lower level offers a spacious sitting area, ample storage, and a convenient laundry room. Direct access from the large garage, plus a driveway for additional parking. Prime and convenient location close to Hillcrest Mall, Yonge Street transit, GO Station, shops, restaurants, T&T Supermarket, grocery stores, banks, parks, schools, and everyday amenities. Located in a well-established community with plenty of visitor parking. Move-in ready and an excellent opportunity to enjoy comfortable and convenient living in a vibrant Richmond Hill neighbourhood!
No extras listed.
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This seller is holding back offers
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| Type | Condo Townhouse |
| Style | 2-Storey |
| Approx. Age | 11-15 |
| Size | 1200-1399 sq. ft. |
| Maintenance Fees | $335 |
| Locker | None |
| Balcony | Open |
| Exposure | South |
| Parking Type | Built-In |
| Parking Spaces | 2 |
| Parking Features | Private |
| Property Tax | $3,588 |
| mls© Number | N13795858 |
| Listed By | MASTER`S TRUST REALTY INC. |
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%
- $3,521
- Property tax
- $299
- Heat allowance
- $150
- Condo fees, half counted
- $167
- Housing costs
- $4,138 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$127,000
gross annual household income
- Payment at 4%
- $2,895 / mo
- Cash down
- $137,600
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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