26-23 Observatory Lane
Observatory, Richmond Hill, Ontario L4C 0M7
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,600–1,799sq ft
- Per sq ft
- $485at the range’s middle
- Tax a year
- $4,0512026 tax year
- Parking
- 21 built-in
- Days on market
- Members
The brief
About 26-23 Observatory Lane
26-23 Observatory Lane is a 3-bedroom, 3-bathroom condo townhouse in Observatory, Richmond Hill, listed for sale at an asking price of $825,000 (MLS® N13871530).
Welcome To This Well Maintained 3 Bedroom, 3 Bathroom Townhouse Offers A Bright And Functional Layout With An Open Living And Dining Area Highlighted By A Large Window That Fills The Space With Natural Light. The Good Size Kitchen Features Upgraded Countertop, Sink And Faucet, Along With Newer Stainless Steel Appliances Including An Induction Stove. A Stylish Powder Room With An Upgraded Vanity Completes The Main Level. The Upper Floors Provide 3 Spacious Bedrooms And 2 Bathrooms, Including A Primary Bedroom With 4pc Ensuite And Walk-In Closet. Low Maintenance Fee Including Water, Plus The Convenience Of 1 Garage Parking And An Additional Driveway Parking Space. Enjoy Beautiful Landscaping. All Set In A Prime Location Close To Parks, Schools, Shopping, Restaurants, Transit And Major Highways.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall35/100−$1,119/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 23 condos with 3 bedrooms for lease in Richmond Hill right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,051 / 2026
- MLS® number
- N13871530
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1600-1799 sqft
- Listed on
- Parking
- 1 Built-In, 2 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 3-Storey
- Community
- Observatory
- Municipality
- Richmond Hill
Building
- Size
- 1600-1799 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc 2nd, 1 × 4pc 3rd
- Basement Type
- Walk-Out
- Kitchens
- 1
Parking
- Garage Type
- Built-In
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Range Hood, Dishwasher, Washer/Dryer, Existing Light Fixtures, Existing Window Coverings, Garage Door Opener & Remote, Drawer Dresser In Master.
- Condo maint.
- $317
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.21 × 5.98 m | Large Window, Open Concept, Combined W/Dining | Main |
| Dining | 4.21 × 5.98 m | Open Concept, Combined W/Living | Main |
| Kitchen | 2.93 × 3.33 m | Stainless Steel Appl, Backsplash, Double Sink | Main |
| Breakfast | 2.53 × 4.33 m | Large Window, Open Concept, W/O To Balcony | Main |
| 2nd Br | 4.34 × 4.86 m | Semi Ensuite, W/I Closet, Large Window | 2nd |
| 3rd Br | 3.01 × 4.3 m | Semi Ensuite, Large Closet, Large Window | 2nd |
| Primary | 4.27 × 7.3 m | 4 Pc Ensuite, W/I Closet, Large Window | 3rd |
Listing history
Buy/sell history for 26-23 Observatory Lane, Richmond Hill, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $825,000 | N/A | Sc | N13871530 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $165,000
- Total mortgage amount
- $660,000
- Total interest payment
- $469,200
- Total purchase cost
- $1,294,200
- Mortgage payment
- $3,764/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
44%Monthly carrying cost
$4,419- Rent $3,300
- Shortfall $1,119
Rental income opens at $3,300, the median asking rent of 23 comparable homes for lease in Richmond Hill. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $12,975
- Total land transfer tax
- $12,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $8,975
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $825,000
- $8,500
- Ontario total
- $12,975
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The market
Condos for sale in Observatory right now
- For sale now
- 8
- Median asking price
- $719K
- New in 7 days
- 0
- Price cuts
- 38%
Middle half: $636K to $783K
3 in 28 days
3 listings
This home is asking 15% above the median, higher than three quarters of them.
See all homes in ObservatoryAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Yonge / Weldrick | YRT bus rapid transit: Viva Blue | 350 m |
| Yonge / 16th-Carrville | YRT bus rapid transit: Viva Blue | 550 m |
| Yonge / Bantry-Scott | YRT bus rapid transit: Viva Blue | 1.3 km |
| Yonge / Major Mackenzie | YRT bus rapid transit: Viva Blue | 1.4 km |
| Richmond Hill GO | GO Transit train: Richmond Hill | 1.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Sixteenth Avenue Public SchoolYork Region DSB | Public · grades JK–8 | 850 m | 80%Grade 6 average |
| Ross Doan Public SchoolYork Region DSB | Public · grades JK–5 | 950 m | 80%Grade 3 average |
| St Charles Garnier Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 1.3 km | 88%Grade 6 average |
| ÉÉC Sainte-Marguerite-Bourgeoys-MarkhamConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 6 km | 95%Grade 3 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Alexander MacKenzie High SchoolYork Region DSB | Public · grades 9–12 | 1.8 km | 77%Grade 9 math |
| Langstaff Secondary SchoolYork Region DSB | Public · grades 9–12 · French Immersion | 2.2 km | 53%Grade 9 math |
| École secondaire Norval-MorrisseauConseil scolaire Viamonde | French-language public · grades 9–12 | 2.3 km | 90%Grade 9 math |
| Our Lady Queen of the World CA High SchoolYork CDSB | Catholic · grades 9–12 · French Immersion | 3.4 km | 79%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Observatory are shown to signed-in members.