- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,200–1,399sq ft
- Per sq ft
- $558at the range’s middle
- Tax a year
- $4,5462026 tax year
- Built
- 0-5
- Parking
- 11 built-in
- Days on market
- Members
The brief
About 2-7 Phelps Lane
2-7 Phelps Lane is a 3-bedroom, 3-bathroom condo townhouse in Oak Ridges, Richmond Hill, listed for sale at an asking price of $725,000 (MLS® N14107644).
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!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall41/100−$762/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 homes with 3 bedrooms for lease in Oak Ridges 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
- $4,546 / 2026
- MLS® number
- N14107644
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 0-5
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 1 Built-In, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- Oak Ridges
- Municipality
- Richmond Hill
Building
- Size
- 1200-1399 sqft
- Building Age
- 0-5
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 3pc Main, 1 × 4pc 2nd, 1 × 3pc 2nd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Built-In
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- Yes
- Den
- Yes
- Family room
- Yes
- Extras
- 5 Appliances - All ELF
- Condo maint.
- $375
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 0.0 × 0.0 m | Combined W/Dining, Vinyl Floor, W/O To Balcony | 2nd |
| Dining | 0.0 × 0.0 m | Combined W/Living, Vinyl Floor | 2nd |
| Kitchen | 0.0 × 0.0 m | Centre Island, Eat-In Kitchen | 2nd |
| 3rd Br | 0.0 × 0.0 m | Large Window, Closet | 2nd |
| Bathroom | 0.0 × 0.0 m | 3 Pc Bath | 2nd |
| Primary | 0.0 × 0.0 m | 3 Pc Ensuite, W/O To Balcony, Closet | 3rd |
| 2nd Br | 0.0 × 0.0 m | Large Window, Vinyl Floor | 3rd |
| Bathroom | 0.0 × 0.0 m | 3 Pc Bath, Closet | 3rd |
Listing history
Buy/sell history for 2-7 Phelps 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 | $725,000 | N/A | For Sale | N14107644 |
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
- $145,000
- Total mortgage amount
- $580,000
- Total interest payment
- $412,400
- Total purchase cost
- $1,137,400
- Mortgage payment
- $3,308/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
38%Monthly carrying cost
$4,062- Rent $3,300
- Shortfall $762
Rental income opens at $3,300, the median asking rent of 9 comparable homes for lease in Oak Ridges. 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
- $10,975
- Total land transfer tax
- $10,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $6,975
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 $725,000
- $6,500
- Ontario total
- $10,975
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 land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- 7 water-supply wells recorded within 250 m6 of them were drilled for domestic use; 35 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.1 m.250 m
- Groundwater recorded about 24.7 m below ground nearbyThe middle water level in the well records within 500 m (145 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity1
- Inside the Greenbelt (Oak Ridges Moraine Conservation Plan) and the Oak Ridges Moraine plan area (Settlement Area)These provincial plans set policies on new buildings, new lots and some changes to the land; the municipality can say which apply to this property.At the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.70 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, telMAX. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Dash Networks, Rogers, Routcom, Vianet. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Yonge / King | YRT bus rapid transit: Viva Blue | 450 m |
| Yonge St / Regatta Av | YRT bus rapid transit: Viva Blue | 1.2 km |
| Yonge / Jefferson Sideroad | YRT bus rapid transit: Viva Blue | 2 km |
| Yonge / Bloomington | YRT bus rapid transit: Viva Blue | 2.5 km |
| Gormley GO | GO Transit train: Richmond Hill | 4.5 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 |
|---|---|---|---|
| Académie de la MoraineConseil scolaire Viamonde | French-language public · grades JK–6 | 1 km | 87%Grade 6 average |
| Bond Lake Public SchoolYork Region DSB | Public · grades JK–8 | 1.2 km | 87%Grade 6 average |
| Our Lady of the Annunciation Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 1.4 km | 68%Grade 6 average |
| Kettle Lakes Public SchoolYork Region DSB | Public · grades JK–8 | 1.5 km | 84%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Cardinal Carter Catholic Secondary SchoolYork CDSB | Catholic · grades 9–12 | 2.5 km | 69%Grade 9 math |
| ÉSC RenaissanceConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3 km | 87%Grade 9 math |
| Richmond Hill High SchoolYork Region DSB | Public · grades 9–12 | 4.4 km | 81%Grade 9 math |
| St Theresa of Lisieux Catholic High SchoolYork CDSB | Catholic · grades 9–12 | 5.2 km | 91%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 Oak Ridges are shown to signed-in members.