Condo for sale at 502-100 Observatory Lane, Richmond Hill, Ontario, L4C 1T4 - Observatory - MLS: N12268765

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502-100 Observatory Lane

Richmond Hill, Ontario, L4C 1T4 - Observatory

$660,000

Neighbourhood

Observatory
Major Intersection

Yonge St & Observatory Lane

Listed Since: 79 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

1000-1199
Exposure

South East
Total Parking

1 Underground Garage
Maintenance

$947
Taxes

$2,483.73 (2025)
Balcony

Open

Property Description

Property description for 502-100 Observatory Lane, Richmond Hill

The Observatory Condo ! Spacious 2-Bedroom Condo in Prime Richmond Hill Location. Welcome to this bright and generously sized 2-bedroom suite perfectly situated in the heart of Richmond Hill just steps from Hillcrest Mall, public transit, parks, and everyday conveniences like groceries and restaurants. Thoughtfully designed layout with walk-out to a private balcony, ample storage throughout, and a large primary bedroom featuring a walk-in closet and a 4-piece ensuite bath. Located in a sought-after Tridel-built residence offering first-class amenities including an indoor pool, sauna, hot tub, fully equipped gym, tennis court, guest suite, library, party/meeting room, and games room. Extras: Fridge, stove, built-in dishwasher, washer & dryer, all existing light fixtures and electronic window coverings. Includes parking and locker. New flooring in living area ( not in front hall, bathrooms and kitchen) New LG Tower stacked Washer Dryer, All three closets have new organizers, new baseboards throughout the condo.. New decking on balcony. All-inclusive maintenance fees (excluding property taxes).

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Property details

MLS #

N12268765
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Restrict
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Hydro, Parking, Water
Property Management

PW management 4165491412
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

N12268765
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Restrict
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Hydro, Parking, Water
Property Management

PW management 4165491412
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

4.32 x 5.79 ft Flat level

Laminate, O/Looks Dining, W/O To Balcony
Dining

2.77 x 2.18 ft Flat level

Laminate, O/Looks Living, Pass Through
Kitchen

3.0 x 2.21 ft Flat level

Ceramic Floor, O/Looks Dining
Primary

6.02 x 3.12 ft Flat level

Laminate, W/I Closet, 4 Pc Ensuite
2nd Br

3.56 x 2.67 ft Flat level

Laminate, Double Closet

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 502-100 Observatory Lane, Richmond Hill

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Neighbourhood Amenities & Points of Interest

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Local Real Estate Price Trends for Condo Apt in Observatory

Active listings

Average Selling Price of a Condo Apt

August 2025

$625,625

Last 3 Months

$720,764

Last 12 Months

$622,844

August 2024

$629,833

Last 3 Months LY

$708,055

Last 12 Months LY

$714,076

Change

-1%

Change

-13%

Historical Average Selling Price of a Condo Apt in Observatory

Average Selling Price

3 years ago

$655,333

Average Selling Price

5 years ago

$561,667

Average Selling Price

10 years ago

$398,000

Change

-5%

Change

11%

Change

57%

Average Selling price

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.