What is the price of this residential condo & other in Richmond Hill?

This residential condo & other is currently listed for sale. Contact SousaSells.ca for the most up-to-date pricing information and to schedule a viewing.

What is the square footage of this property?

The living area is approximately 1000-1199.

When was this property built?

Year built information is available upon request. Contact SousaSells.ca for complete property details.

How can I schedule a viewing of this property?

You can schedule a viewing by contacting SousaSells.ca directly through our website or by phone. Our experienced agents will arrange a convenient time for you to tour the property.

What type of property is this?

This is a residential condo & other located in Richmond Hill.

100 Observatory Lane, Unit 502, Richmond Hill, ON

$639,998

MLS#:N13511590

2 beds

2 baths

1000-1199 sqft

1.0 parking

Residential Condo & Other

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Added:Jul 1, 2026(59 days ago)

•

Updated:Aug 13, 2026(16 days ago)

Last Checked:15 minutes ago

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Observatory. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $639,998 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

2 Bedrooms and 2 Bathrooms
Generous living space spanning 1000-1199 sqft
1.0 total parking spaces available with a convenient underground configuration
Notable attributes: Carpet Free, Primary Bedroom - Main Floor
equipped with central air central cooling and highly efficient forced air heating via gas

Description

The Observatory Condo - Spacious 2-Bedroom Suite in a Prime Richmond Hill LocationWelcome to this bright and beautifully maintained two-bedroom residence located inthe heart of Richmond Hill, just steps from Hillcrest Mall, public transit, parks,grocery stores, and a variety of restaurants. The thoughtfully designed layoutfeatures a walk-out to a private balcony, ample storage throughout, and a largeprimary bedroom complete with a walk-in closet and a four-piece ensuite bath.Situated in a highly sought-after Tridel-built community, residents enjoy animpressive selection of amenities including an indoor pool, sauna, hot tub, fullyequipped fitness center, tennis court, guest suite, library, party and meetingroom, and games room. This suite includes a fridge, stove, built-in dishwasher,washer and dryer, all existing light fixtures, and electronic window coverings, aswell as parking and a locker. Recent updates include new flooring in the livingarea, a new LG stacked washer and dryer, custom closet organizers in all threeclosets, new baseboards throughout, and new decking on the balcony. Maintenancefees are all-inclusive, excluding property taxes.Experience the perfect combination of comfort, convenience, and quality living atThe Observatory.

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Property Summary

This condo apartment located at 100 Observatory Lane, Richmond Hill is currently for sale and has been available on SousaSells for 59 days. This property is listed at $639,998 with an estimated mortgage of $2,130* per month. It has 2 beds, 2 bathrooms, and is 1000-1199 square feet. 100 Observatory Lane, Richmond Hill is in the Observatory neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Is this a Good Home for Families?

Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Observatory, Richmond Hill.

Highly Recommended for Families

What We Love About This Home

•2 spacious bedroom layout offering versatile living space
•2 well-appointed bathrooms
•1000-1199 sqft of generous functional square footage

Standout Features & Layout

Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Richmond Hill.

Target Buyer Match

Key Features

Bedrooms

Bathrooms

Kitchens

Living Area

1000-1199 sqft

Property Type

Residential Condo & Other

Additional Details

StatusPrice Change

AddedJul 1, 2026 (59 days ago)

UpdatedAug 13, 2026 (16 days ago)

Last Checked15 minutes ago

Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment

Architectural StyleApartment

ConstructionBrick

BasementNone

CountyYork

Annual Tax$2,483.73

Parking & Garage

Parking Total1.0

Parking Space0

Garage TypeUnderground

Heating & Cooling

Heat SourceGas

Heat TypeForced Air

CoolingCentral Air

Features

Property Features

None listed

Interior Features

Carpet Free
Primary Bedroom - Main Floor

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 100 Observatory Lane, Unit 502, Richmond Hill, ON

Q.What is the asking price for 100 Observatory Lane, Unit 502, Richmond Hill, ON ?

The current listing price for 100 Observatory Lane, Unit 502, Richmond Hill, ON in Observatory, Richmond Hill is $639,998.

Q.How many bedrooms and bathrooms does this property have?

This property features 2 bedrooms and 2 bathrooms across approximately 1000-1199 sqft.

Q.What property type and architectural style is 100 Observatory Lane, Unit 502, Richmond Hill, ON ?

100 Observatory Lane, Unit 502, Richmond Hill, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free, Primary Bedroom - Main Floor.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

Virtual Tour & 3D Walkthrough

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Location

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100 Observatory Lane, Unit 502, Richmond Hill, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Observatory, Richmond Hill

SAFETY RATING9.6 / 10

Low Incident Area

Total Annual Incidents45 incidents / yr

Average Per Month3.8 incidents / mo

Population BenchmarkArea Average residents

Personal Safety

Very Low

9 assaults (45.0/100k)

Property Security

Low

10 B&E (40.0/100k)

Auto Theft Risk

Low Risk

16 thefts (45.0/100k)

1-Year Trend

▼ 6.4%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: York Regional Police (YRP) Open Data

Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 100 Observatory Lane SE 502, Richmond Hill, ON L4C 1T4

Estimated Sales Range

$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed

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Properties in this area are selling at a steady pace.

Market Trend

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Richmond Hill.

Configure Loan Settings

Interest Rate4.00%

Down Payment$191,999 (30.0%)

* Minimum Canadian down payment required for this price is $39,000.

Amortization Period30 Years

Estimated Monthly Payment$2,130Based on a loan of $447,999 over 30 years.

Purchase Price$639,998

Loan Amount$447,999

Provincial Land Transfer Tax:$9,275

Total Estimated Closing Taxes:$9,275

About Purchasing a Home in Richmond Hill, ON

For a property listed at $639,998 in Richmond Hill, the legal minimum down payment is $39,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,275 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,275.

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Observatory, Richmond Hill Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Observatory, Richmond Hill.

Verified Local Data

City Population202,022

City Median Age42.4 Yrs

City Ownership78% Owners

Avg Area List Price$1,212,783

People & Families

Age Distribution

Household Composition

One-person households

18%

Families with children

50%

Couples without children

27%

Other households

Top Ethnic Origins

Chinese30%

Iranian11%

Canadian8%

Italian7%

Best Schools in Observatory, Richmond Hill

Elementary Schools

Sixteenth Avenue

Public400 16th Avenue, Richmond Hill, Ontario, L4C 7A9

Rank

1210

6.5

St Joseph

Public301 Roney Avenue, Richmond Hill, Ontario, L4C 2H4

Rank

873

7.0

Walter Scott

Public500 Major MacKenzie Drive East, Richmond Hill, Ontario, L4C 1J2

Rank

2657

3.9

Bayview Hill

Public81 Strathearn Avenue, Richmond Hill, Ontario, L4B 2J5

Rank

351

8.0

Red Maple

Public155 Red Maple Road, Richmond Hill, Ontario, L4B 4P9

Rank

1062

6.7

Secondary Schools

Richmond Hill

Public189 Weldrick Road East, Richmond Hill, Ontario, L4C 0A6

Rank

8.3

Alexander MacKenzie

Public300 Major MacKenzie Drive West, Richmond Hill, Ontario, L4C 3S3

Rank

8.5

Bayview

Public10077 Bayview Avenue, Richmond Hill, Ontario, L4C 2L4

Rank

9.2

Norval-Morrisseau

Public51 Wright Street, Richmond Hill, Ontario, L4C 4A1

Rank

8.3

Observatory, Richmond Hill Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied78%

Rented22%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.