23 Observatory Lane 26
Observatory, Richmond Hill, L4C 0M7
FOR SALE
$1,068,800
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Property Description
Location! Location! Location! Bright and Spacious 3-bedroom Townhouse Located Yonge/16th Ave, the Highly Demand Observatory Community of Richmond Hill. Well-Maintained, Function Layout, Open-Concept Living & Dining. Hardwood Floor on Main Floor, Laminate Floor Throughout 2nd & 3rd Floor; 6 Year New Modern Kitchen with Stainless Steel Appliances; Walkout to Large Balcony, Large Size Master Bedroom on 3rd Floor, Separate Shower/Bathtub. Direct Access from Oversize Garage; Lots of Storage Space in Laundry Room/Furnace Room. New Furnace (2022). Low Maintenance Fee includes Water, Snow Removal & Landscaping. Walking Distance to Hillcrest Mall, T&T Supermarket, Minutes to No Frills, H & M Korean Supermarket, The David Dunlap Observatory Park, Highly Ranking Schools, Langstaff Secondary School Zone, Library, Community Centre; Close to Public Transit, Highway 7/407, and Future Subway Extension.
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Extras
Existing Stainless Steel Fridge, Induction Range, B/I Dishwasher, Range Hood, Washer & Dryer. All Existing Elf, Window Coverings, CAC, Furnace, Garage Door Opener. Status Certificate Available Upon request.
Nearby Intersections
Yonge & 16th Avenue (182)
Yonge & Weldrick (161)
Yonge & Major Mackenzie (119)
Yonge & Carrville (59)
Property Features
Clear View, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Townhouse, 3-Storey
Approximate Sq.Ft.
1600-1799
Taxes
$3,686 (2023)
Basement
Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.81' x 19.62' | Hardwood Floor, Combined W/Family, Window |
| Family | Main | 13.81' x 19.62' | Hardwood Floor, Combined W/Living |
| Kitchen | Main | 9.61' x 10.93' | Ceramic Floor, Backsplash, W/O To Balcony |
| Dining | Main | 8.30' x 14.21' | Ceramic Floor, W/O To Balcony |
| 2nd Br | 2nd | 14.24' x 15.94' | Laminate, W/I Closet, 4 Pc Bath |
| 3rd Br | 2nd | 9.88' x 14.11' | Laminate, Large Closet, Window |
| Prim Bdrm | 3rd | 14.01' x 23.95' | Laminate, W/I Closet, 4 Pc Ensuite |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
23 Observatory Lane 26 is a 3-bedroom 3-bathroom townhome listed for sale at $1,068,800, which is $95,465 (8.2%) lower than the average sold price of $1,164,265 in the last 30 days (April 5 - May 4). During the last 30 days the average sold price for a 3 bedroom townhome in Richmond Hill declined by $40,391 (3.4%) compared to the previous 30 day period (March 6 - April 4) and down $83,671 (6.7%) from the same time one year ago.Inventory Change
There were 99 3-bedroom townhomes listed in Richmond Hill over the last 30 days (April 5 - May 4), which is up 39.4% compared with the previous 30 day period (March 6 - April 4) and up 57.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Richmond Hill typically sold $77,337 (6.6%) above asking price over the last 30 days (April 5 - May 4), which represents a $54,853 decrease compared to the previous 30 day period (March 6 - April 4) and $181,394 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom townhomes in Richmond Hill over the last 30 days (April 5 - May 4) stood at 38.4%, down from 64.8% over the previous 30 days (March 6 - April 4) and down from 77.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom townhome in Richmond Hill stood at 10 days when successfully sold over the last 30 days (April 5 - May 4), compared to 27 days before being removed from the market upon being suspended or terminated.Listing contracted with Iqi Global Real Estate
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