$525,000
For sale: Apartment

Spacious and bright two bedroom suite in one of Richmond Hill's most desirable buildings. Almost 1200 st ft of living space, perfect for the smart sizer. Tastefully renovated and immaculately kept, pride of ownership is evident. Great amenities, well managed building, steps to transit, shopping, and all amenities. Minutes to highways and Hillcrest Mall. Includes 2 parking spots. Ample visitor parking under ground and on main floor.
Sold data
Homes in Observatory took a median of 22 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 44, across 97 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 43 days.
The median sale price was $748,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 30% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 97 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (Observatory) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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