502 - 100 OBSERVATORY LANE, Richmond Hill (Observatory)

$639,888

For sale: Apartment

Apartment at 502 - 100 OBSERVATORY LANE, Richmond Hill (Observatory)
Property type
Condo Apartment
Bedrooms / bathrooms
2 bedrooms, 2 bathrooms
Living area
1,199 sqft
MLS®
MLS® N14093126
Neighbourhood
Observatory

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

Sold data

Apartment homes in Richmond Hill (Observatory) — recent sold market

Apartment homes in Richmond Hill (Observatory) took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 69, across 93 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.

The median sale price was $545,000.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$545,000
Sale-to-list ratio
95.9%
Sold above asking
14%

Based on 93 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Richmond Hill (Observatory)

Richmond Hill (Observatory) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.

Rated schools
43
Elementary
35
Secondary
8
Average rating
7.5 / 10

Top-rated schools in Richmond Hill (Observatory)

  • Corpus Christi — elementary, Richmond HillFraser rating 10.0/10
  • St. Therese of Lisieux — secondary, Richmond HillFraser rating 10.0/10
  • Silver Stream — elementary, Richmond HillFraser rating 9.3/10
  • St Charles Garnier — elementary, Richmond HillFraser rating 9.3/10
  • Bayview — secondary, Richmond HillFraser rating 9.2/10
  • Father Henri J M Nouwen — elementary, Richmond HillFraser rating 9.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 502 - 100 OBSERVATORY LANE