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For saleMLS® N14107644

7 Phelps Lane 2, Richmond Hill, ON L4E 1J4

Oak Ridges · L4E 1J4

$725,000

+ $375/mo maintenance$604 / sq ft

2 weeks on market

Bedrooms
3
Bathrooms
3
Interior
1,200 sf
Parking
1
Age
0-5 years

What's special

  • Built-in garage
  • Terrace
  • North exposure
  • Central air
  • Fireplace
  • Pets with restrictions
  • Common elements, Parking included
  • Newly built

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About this property

Stylish and Chic 3-bedroom, 3-full-bath townhouse in a prestigious spot in Richmond Hill that offers the perfect blend of urban living andrelaxation. Step inside and feel the natural light flooding through floor-to-ceiling windows, smooth 9-ft ceilings, elegant Oak staircases, and sleek,beautiful vinyl flooring. Enjoy entertaining on your private, remarkable rooftop with stunning views. The rooftop terrace and two balconies on the2nd and 3rd floors offer ample outdoor space for relaxation and entertainment. Head to the primary bedroom with its 3pc ensuite and balconyaccess. The owner spent 50,000 to add a main floor Bedroom with a full washroom and multiple upgrades. Laundry is conveniently located onthe upper floor. Nearby, discover parks, shops, fine restaurants, and esteemed schools like Academy for Gifted Children, with easy access toToronto, Gormely Go station, and major highways; commuting is a breeze. This property offers an excellent opportunity to own at a reasonableprice and experience living at its finest in the heart of Richmond Hill!

Rooms

8 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomSecond—Combined w/Dining · Vinyl Floor · W/O To Balcony
Dining RoomSecond—Combined w/Living · Vinyl Floor
KitchenSecond—Centre Island · Eat-in Kitchen
Bedroom 3Second—Large Window · Closet
BathroomSecond—3 Pc Bath
Primary BedroomThird—3 Pc Ensuite · W/O To Balcony · Closet
Bedroom 2Third—Large Window · Vinyl Floor
BathroomThird—3 Pc Bath · Closet

Features

  • Carpet Free

Building amenities

  • BBQs Allowed
  • Rooftop Deck/Garden
  • Visitor Parking

Property details

Property

Property type
condo townhouse
Bedrooms
3
Bathrooms
3
Interior size
1,200 sq ft
Year built
0-5
Possession
30-59 days

Interior

Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
1
Exposure
North
Balcony
Terrace

Exterior & services

Construction
Brick, Stone
Garage
Built-In
Parking spaces
1

Condominium

Corporation
1511 YRCP
Property manager
Percel Inc.
Pets
Yes-with Restrictions
Fee includes
Common Elements Included, Parking Included

Costs

List price
$725,000
Property taxes
$4,546 / year (2026)
Maintenance fee
$375 / month
Price per sq ft
$604

Listing

MLS® number
N14107644
Status
For sale
Listed
October 22, 2026
Days on market
14
Last updated
October 22, 2026
Listing brokerage
AIMHOME REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 42% of comparable condo townhouse listings in Richmond Hill are asking less.

$599KMedian $770K$1.10M
This home
$604 / sq ft
Comparable median
$599 / sq ft

Based on 73 comparable active condo townhouse listings in Richmond Hill. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.6% · minimum $47,500
$47,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,746.01
Property tax (est.)
$378.82
Maintenance fee
$374.90
Estimated monthly
$4,500

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$10,975
Total due on closing
$10,975

An estimate on the asking price of $725,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of AIMHOME REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$725,000

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