Condo for sale at 502-100 Observatory Lane, Richmond Hill, Ontario, L4C 1T4 - Observatory - MLS: N13511590

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502-100 Observatory Lane

Richmond Hill, Ontario, L4C 1T4 - Observatory

$649,998

Neighbourhood

Observatory
Major Intersection

Yonge St & Observatory Lane

Listed Since: 6 day(s)
Last update: 4 day(s) ago

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

1000-1199
Exposure

South East
Total Parking

1 Underground Garage
Maintenance

$1,001
Taxes

$2,483.73 (2025)
Balcony

Open

Property Description

Property description for 502-100 Observatory Lane, Richmond Hill

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.

Listed by RE/MAX WEST REALTY INC.

Property details

MLS #

N13511590
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

City, Garden, Park/Greenbelt, Trees/Woods
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
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

PropertyWright Management Inc
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 #

N13511590
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

City, Garden, Park/Greenbelt, Trees/Woods
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
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

PropertyWright Management Inc
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, Pass Through, W/O To Balcony
Dining

2.77 x 2.18 ft Flat level

Laminate, Pass Through
Kitchen

3.0 x 2.21 ft Flat level

Laminate, 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

Local Real Estate Price Trends for Condo Apt in Observatory

Active listings

Average Selling Price of a Condo Apt

June 2026

$460,000

Last 3 Months

$517,700

Last 12 Months

$580,621

June 2025

$800,000

Last 3 Months LY

$718,278

Last 12 Months LY

$624,722

Change

-43%

Change

-28%

Change

-7%

Historical Average Selling Price of a Condo Apt in Observatory

Average Selling Price

3 years ago

$737,667

Average Selling Price

5 years ago

$633,628

Average Selling Price

10 years ago

$521,333

Change

-38%

Change

-27%

Change

-12%

How many days Condo Apt takes to sell (DOM)

June 2026

Last 3 Months

Last 12 Months

June 2025

Last 3 Months LY

Last 12 Months LY

Change

-44%

Change

40%

Change

13%

Average Selling price

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Closing Cost Calculator

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Purchase Price

First time home buyer

Down Payment($)

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.

Contact Manoj Kukreja

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

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