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              For Sale 6 Days On Site

              #316 370 Highway 7 Avenue East

              near Bayview And Highway 7
              $489,000 1+1bdr • 1ba • 1kit • 600-699sf
              Average Income
              $65,088
              Population Age
              43 y/old
              School Score
              8.67/10
              Price Index Change 1y
              +15.70%
              Price Index Change 3y
              +4.26%
              Rent Index Change 1y
              +6.78%
              Rent Index Change 3y
              +29.64%

              Condo Apt • Apartment #316 • 3 Level

              #316 370 Highway 7 Avenue East, Doncrest, Richmond Hill
              • Rooms and Bathrooms 1+1 bedr, 1 bath
              • Kitchens 1
              • area 600-699
              • garage 1.0 Undergrnd
              • exposure W
              • age n/a
              • locker None
              • possession

                Immediately

              $489,000

              $1,991.98
              Tax yr: 2020

              $505.09/m

              CALCULATED NUMBERS:

              $1835.00

              calculator

              $1925

              3

              55 Somewhat Walkable

              47 Some Transit

              64 Bikeable

              8.67/10

              Location Details
              • York

              • Richmond Hill

              • Doncrest

              • Bayview And Highway 7

              • L4B0C4

              Listing Details Provided By
              Property Details Provided By Toronto Real Estate Board
              Listing Brokerage

              CULTURELINK REALTY INC., BROKERAGE

              Property Overview
              Royal Garden Luxury Condo At Demanding Area Of Richmond Hill. Steps To Viva. Minutes To Hwy 404 & 407. Walk To Time Square, Commerce Gate And Close To All Amenities. Feature Full Balcony
              Extras: (Stainless Steel Appliance : Fridge, Stove, Built-In Dishwasher, Microwave + Range Hood), Washer & Dryer, All Existing Light Fixture And Blinds & Drapes. One Parking Is Included.
              Property Features
              • Concierge
              • Exercise Room
              • Guest Suites
              • Party/Meeting Room
              • Visitor Parking
              • Common Elements Included
              • Condo Taxes Included
              • Ensuite Laundry
              • Heat Included
              • Building Insurance Included
              • Parking Included
              • Water Included
              • CAC Included
              • Fireplace/Stove
              • Hydro Included
              • Seller Property Info Statement
              • Family Room
              • Cable TV Included
              Rooms details
              Living
              • Flat Level
              • Laminate
              • W/O To Balcony
              • Combined W/Dining
              • Size 7.32x3.05
              Dining
              • Flat Level
              • Laminate
              • Combined W/Family
              Kitchen
              • Flat Level
              • Laminate
              • Ceramic Back Splash
              • Combined W/Dining
              Master
              • Flat Level
              • Laminate
              • W/I Closet
              • Size 3.81x2.95
              Den
              • Flat Level
              • Laminate
              • Size 2.34x2.29
              Basement
              • None
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              • Listing added to site: 2020-10-17 15:33:27
              • Last updated: 2020-10-18 00:06:47
              • Photos updated: 2020-10-17
              • Contract date: 2020-10-17
              • Input date: 2020-10-17
              • Expiry date: 2021-01-16
              • Closed date: 0000-00-00
              • Condition expiry date: 0000-00-00
              • Extension entry date: 0000-00-00
              • Sold date: 0000-00-00
              • Suspended date: 0000-00-00
              • Terminated date: 0000-00-00
              • Unavailable date: 0000-00-00
              • Condition:
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              Travel Times, Streetview, Walkscore
              316 370 Highway 7 Avenue East Property & Location Overview Powered By AIDA
              Listing Overview

              General:

              316 370 Highway 7 Avenue East is a condo apt apartment, located in Doncrest of city of Richmond Hill, York region, near Bayview And Highway 7, and has been available for sale on CondosDirect since 2020-10-17. This unit is located at level 3 of the building and has West exposure of Highway 7 E Ave. Condo registry office is YRSC, corporation number 1245.

              Lot Size and Living Area:

              316 370 Highway 7 Avenue East has 5+0 rooms in total, including 1+1 bedroms, 1 baths and 1 kitchen. Please find this condo rooms details on this page above.
              Living area of this condo unit is within the range of 600-699 square feet.
              1.0 parking space(s) are owned and located undergrnd at level B . An ensuite laundry is available at the unit.

              Heating and Cooling:

              The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

              Listing Features:


              AIDA has also found the following possible sellers motivation indicators: Listing Ad says Motivated Seller.

              Price & Cost Overview

              General:

              316 370 Highway 7 Avenue East condo apt is listed for $489,000. Property tax for year 2020 was $1,992. And the monthly maintenance fee was $505.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $1,835, and total expenses, including the mortgage, property tax and maintenance, fee around $2,043, assuming $489,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 316 370 Highway 7 Avenue East, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Doncrest, where 370 Highway 7 Avenue East is located, has $1,052,367 Home Price Index, and $2,362 Home Rent Index. Average household income at dissemination area of 370 Highway 7 Avenue East is $65,088, and average polulation age is 43 years old.
              Average Home Price Index among 17 evaluated neighborhoods in city of Richmond Hill is $1,132,542, and average Home Rent Index $2,591.

              Similar Properties & Community Details:

              There are similar to 316 370 Highway 7 Avenue East 1 bedr condo apt condos listed For Sale and For Rent in city of Richmond Hill.
              Learn about the prices of Recently Sold Condos and Recently Rented Condos near 370 Highway 7 Avenue East.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Doncrest neighborhood in city of Richmond Hill.

              Schools:

              There are at least 3 school(s) located near 370 Highway 7 Avenue East, or schools, which boundaries this address belongs to with an average School Score 8.67 out of 10. Here are more details about these schools:
              1. Doncrest Public School, Public, Elementary, ranked as Excellent.
              2. Doncres Public School / Adrienne Clarkson Public School FI, Public, Elementary, ranked as Excellent.
              3. Thornlea S.S., Public, Secondary, ranked as Excellent.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Walkscore, Transitscore, and Bikescore:

              With Walkscore, Transitscore, and Bikescore of 55, 47, and 64 accordingly, location of 370 Highway 7 Avenue East overall can be described as Somewhat Walkable, Some Transit, and Bikeable.

              316 370 Highway 7 Avenue East Listings History Powered by AIDA
              Doncrest, Richmond Hill Sales & Rent History Powered by AIDA
              Disclaimer

              All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

              City of Richmond Hill Condos MOI (Months of Inventory)
              Last month sales statistics:
              It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (81 days).
              Sellers are not likely to negotiate the price, but it is easier to sell your own property.
              Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
              How often similar homes sell?
              You may expect 5 to 6 properties like that to be sold in Doncrest during the next 30 days.
              Seasonal sales fluctuation is showing 49% inventory increase comparing to the average annual number, which is equvalent to 3.58 properties sold per month, and 60% increase comparing to the last six months.
              How soon can it be sold?
              This property has been on the market for 6 days, which is 13 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
              Seasonal sales fluctuation is showing -3% D.O.M. decrease comparing to the average annual number, which is equvalent to 19 D.O.M., and 5% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
              At what price can it be sold?
              Similar properties currently sell very close to its asking price in Doncrest.
              The selling to asking price ratio is growing in Doncrest.
              This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
              316 370 Highway 7 Avenue East Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Doncrest, Richmond Hill, to the City of Richmond Hill for the projects listed on our site.

              Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

              Price Index 1y

              Price Index change was +15.70% comparig to the City of Richmond Hill average of +11.36%

              Price Index 3y

              Price Index change was +4.26% comparig to the City of Richmond Hill average of +5.24%

              Rent Index 1y

              Rent Index change was +6.78% comparig to the City of Richmond Hill average of +6.53%

              Rent Index 3y

              Rent Index change was +4.26% comparig to the City of Richmond Hill average of +5.24%

              Walkscore

              Walkscore 55 out of 100 means Somewhat Walkable

              Transitscore

              Transitscore 47 out of 100 means Some Transit

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 8.67 out of maximum 10 points

              Mortgage & Payments

              Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

              Mortgage & Payments Calculator
              Property Financing Details
              Land Transfer Tax & Closing Expenses
              Downpayment Details
              Use in monthly payment calculation:
              Mortgage & Financing Details

              Assuming Fixed Rate, Monthly Payments

              (Mortg interest rate. Ex: 3.0)

              (Mortgage duration Ex: 25)

              (Borrowing rate Ex: 3.5)

              Save mortgage settings to your profile for automated mortgage calculation on all listings. Account login required.

              Mortgage & Payments Summary

              Schools and Ratings

              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Demographics & Housing Statistics

              $7,500 Cashback
              $498,000
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              Prop Tax

              $2,063

              Condo Fee

              $414

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              63

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              $8,200 Cashback
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              Condo Fee

              $500

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              W

              Mortg/m

              $ calculator

              WalkScore

              64

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              Prop Tax

              $2,008

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              WalkScore

              59

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              19

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