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502 - 100 Observatory Lane SE
Observatory, Richmond Hill
$619,999
The Observatory Condo - Spacious 2-Bedroom Suite in a Prime Richmond Hill Location. Welcome to this bright and beautifully maintained two-bedroom residence located in the heart of Richmond Hill, just steps from Hillcrest Mall, public transit, parks, grocery stores, and a variety of restaurants. The thoughtfully designed layout features a walk-out to a private balcony, ample storage throughout, and a large primary bedroom complete with a walk-in closet and a four-piece ensuite bath. Situated in a highly sought-after Tridel-built community, residents enjoy an impressive selection of amenities including an indoor pool, sauna, hot tub, fully equipped fitness center, tennis court, guest suite, library, party and meeting room, and games room. This suite includes a fridge, stove, built-in dishwasher, washer and dryer, all existing light fixtures, and electronic window coverings, as well as parking and a locker. Recent updates include new flooring in the living area, a new LG stacked washer and dryer, custom closet organizers in all three closets, new baseboards throughout, and new decking on the balcony. Maintenance fees are all-inclusive, excluding property taxes. Experience the perfect combination of comfort, convenience, and quality living at The Observatory.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 1000-1199 sq. ft. |
| Maintenance Fees | $1,001 |
| Locker | Owned |
| Balcony | Open |
| Exposure | South East |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $2,484 |
| mls© Number | N13752452 |
| Listed By | RE/MAX WEST REALTY INC. |
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%
- $3,173
- Property tax
- $207
- Heat allowance
- $150
- Condo fees, half counted
- $500
- Housing costs
- $4,031 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$124,000
gross annual household income
- Payment at 4%
- $2,609 / mo
- Cash down
- $124,000
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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