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Copyright © 2026 The Canadian Home Realty Inc.
  • Ontario
  • Richmond Hill
  • Doncrest
  • 398 Highway 7 E
398-highway-7-e-richmond-hill-ontario-n12464654
398-highway-7-e-richmond-hill-ontario-n12464654
398-highway-7-e-richmond-hill-ontario-n12464654
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  • Sold Sold in Nov 2025
  • Condo Apt

1503 - 398 Highway 7 E

Richmond Hill, Doncrest
  • 2 + 1 Bedrooms
  • 2 Bathrooms
  • 1 Garage
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Sold Price: $ 645,000
7.68%
Listed Price: $ 599,000
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Key Facts About 1503 - 398 Highway 7 E, Richmond Hill

  • Tax $3,184 / 2025
  • Property Type Condo
  • Building Type Condo Apt
  • Building Style Apartment
  • Maintenance Fees $912.53
  • Building Age 0-5
  • Size 900 - 999 feet²
  • Listing # N12464654
  • Data Source PROPTX
  • Days on Market 34
  • Listed On 16/10/2025
  • Updated On 20/11/2025
  • Market Demand
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Description

Luxury Valleymede Towers In Prime Richmond Hill Location At Highway 7 & Leslie. Functional High-Rise Floor 2+1 Bedroom 2 Bathroom Unit With Unobstructed East Views! 2019 Built, 955 sf with Split Bedroom Layout. French Door For Den Can Be Used As a 3rd Bedroom or Office Space! Management Fee Includes Internet Service. Modern Kitchen Features Quartz Countertops And Stainless Steel Appliances. Steps To Medical Offices, Restaurants, Banks, Grocery Stores, Pharmacy, Golf Clubs, Langstaff GO Station, And Richmond Hill Centre Transit Terminal. Easy Ac

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Property Details of 1503 - 398 Highway 7 E, Richmond Hill

Property

  • Property Type Condo Apt
  • Style Apartment
  • Community Doncrest
  • Municipality Richmond Hill

Inside

  • Bedrooms 2
  • Bathrooms 2
  • Bathroom Details 1, 3pc Flat
  • Bathroom Details 1, 3pc Flat
  • Kitchen 1
  • Rooms 6
  • Family Rooms N
  • Central Vac N
  • Fireplace N

Utilities

  • Cooling Central Air
  • Heating Type Forced Air
  • Heating Fuel Gas

Building

  • Size 900 - 999 feet²
  • Architecture Style Apartment
  • Exterior Feature Concrete
  • Amenities Concierge, Gym, Party Room/Meeting Room, Visitor Parking, Gu...View More
  • Building Age 0-5

Parking

  • Drive Way Underground
  • Garage Type Underground
  • Garage 1
  • Total Parking Places 1

Land

  • Cross Street Highway 7 / Bayview

Features

  • Clear View Y
  • Park Y
  • Public Transit Y
  • Rec./Commun.Centre Y
  • School Y

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Our Estimate

See Real Estate Market Trends in Richmond Hill

Estimated Rent

$ 3,211

Rental Yield

5.27%

School Score

9.6/10

Rental Score

5/5

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Rooms

Dining Room (6.45X3.05 metre)
Level: Flat
Kitchen (3.05X2.09 metre)
Level: Flat
Primary Bedroom (3.96X3.05 metre)
Level: Flat
Bedroom (3.35X3 metre)
Level: Flat
Den (2.92X2.03 metre)
Level: Flat
Living Room (6.45X3.05 metre)
Level: Flat

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,100

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0
  • Estoppel Certificate Fee
    $100

Monthly Expenses After Home Purchase

$1,482

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
  • Maintenance Fees
    $913
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MLS® Trusted listing from Toronto Real Estate Board The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

About 1503 - 398 Highway 7 E, Richmond Hill

Welcome to your dream home! This stunning condo for sale in Richmond Hill is located at 398 Highway 7 E, Richmond Hill, and is part of the luxurious Valleymede Towers. Nestled in a prime location at the intersection of Highway 7 and Leslie, this building is a true gem in the heart of the Doncrest community. If you’re searching for a modern, stylish apartment that offers both comfort and convenience, look no further!

This immaculate condo apartment boasts a spacious layout with two bedrooms and a den, which can easily serve as a third bedroom or a home office. With two bathrooms, you’ll have all the space you need for family or guests. The unit spans a generous 955 square feet and was built in 2019, so you can enjoy all the benefits of a modern living space. The split bedroom layout ensures privacy, while the unobstructed east views provide a lovely backdrop for your mornings.

As you step into the flat kitchen, you’ll find it equipped with sleek quartz countertops and stainless steel appliances, perfect for whipping up your favourite meals. Although there’s no additional kitchen, the main kitchen is designed to meet all your culinary needs. The condo for sale in Richmond Hill is unfurnished, allowing you to put your personal touch on the space and make it truly your own.

One of the standout features of this property is the central air conditioning, ensuring you stay cool during those warm summer months. While there is no fireplace or family room, the living space is designed to be functional and inviting. The unit also includes one underground garage space, providing secure parking right at your doorstep. It’s worth noting that there’s no additional land or parking space available, but the convenience of the underground garage more than makes up for it.

Living at 398 Highway 7 E, Richmond Hill, means you’re just steps away from a plethora of amenities. You’ll find medical offices, restaurants, banks, grocery stores, and pharmacies all within easy reach. For those who enjoy leisure activities, there are golf clubs nearby, and the Langstaff GO Station and Richmond Hill Centre Transit Terminal are just a stone’s throw away, making commuting a breeze. Plus, you’ll be pleased to know that this area is part of an excellent school zone, including Doncrest Public School and Thornlea Secondary School, which offers French immersion programmes.

The building itself offers top-tier amenities that truly enhance your living experience. Enjoy the peace of mind that comes with a 24-hour concierge service, and take advantage of the gym, party and meeting rooms, library, and guest suites. The fob-access elevators add an extra layer of security and convenience, making this condo for sale in Richmond Hill a fantastic choice for anyone looking to enjoy a modern lifestyle.

In summary, this condo for sale in Richmond Hill at 398 Highway 7 E, Richmond Hill, is a perfect blend of style, comfort, and location. With its modern features, excellent amenities, and prime location in the Doncrest community, it’s a must-see for anyone in the market for a new home. Don’t miss out on the opportunity to make this beautiful apartment your own. Whether you’re a first-time buyer, a young professional, or looking to downsize, this condo is sure to meet all your needs and more!

Doncrest is a charming neighbourhood nestled within the vibrant city of Richmond Hill, known for its serene atmosphere and well-established residential areas. Characterised by tree-lined streets and a mix of modern and traditional homes, Doncrest offers a peaceful retreat while still being conveniently located near essential amenities. Residents enjoy easy access to parks, shopping centres, and reputable schools, making it an ideal place for families and professionals alike. The community's proximity to major transportation routes ensures that the bustling city of Toronto is just a short drive away, providing the perfect balance of suburban tranquillity and urban convenience.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you will find Doncrest Public School, an elementary institution offering grades JK to 8, rated highly at 9.2, just 1.3 km away. Another excellent option for elementary education is Adrienne Clarkson Public School, located only 0.9 km from the property, although it currently holds a lower rating. For secondary education, Thornlea Secondary School, also rated 9, is situated 1.5 km away, providing a solid academic environment for grades 9 to 12. Additionally, St. Robert CHS, a Catholic secondary school with a top rating of 10, is just 1.4 km from the property. Families seeking a Catholic education can consider Christ the King Catholic Elementary School, located 1.7 km away, though it currently has a rating of 0. Overall, the area boasts a mix of public and Catholic schools, with strong ratings and diverse language programs, ensuring that residents have access to quality education for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,853 residents, with an average household size of 1.9. The demographic profile reveals an average age of 41.4 years and an average household income of $63,800. Notably, a significant portion of the population, 28.8%, is classified as low-income. The housing market is characterized by an average property price of $696,000, with a high prevalence of condominiums, making up 94.18% of the housing stock. The community is diverse, with 64.91% of residents being immigrants. Socially, 45.1% of the population is single, and 27.62% of households include children. The rental market is also prominent, with nearly 45% of residents renting their homes. Educational attainment is high, with 64.8% of the population holding a college or university degree. However, a considerable 43.09% of residents are not in the labor force, indicating potential economic challenges within the community. Overall, this area presents a unique blend of demographics, with a focus on education and a significant immigrant population, set against a backdrop of high housing prices and a notable proportion of low-income residents.

FAQs About 1503 - 398 Highway 7 E, Richmond Hill

How many bathrooms does this property have?

This property features 2 bathroom(s) and 2 bedroom(s).

Does this 2 bedroom property have additional bedrooms or a den?

This Condo Apt property includes 1 additional bedrooms.

What is the square footage (sqft) of this Condo Apt property?

The total square footage of this Condo Apt 2 bed property in Richmond Hill is 900 - 999.

How many parking spaces are available with this property?

There are no parking spaces available with this property.

How many cars can be parked in the garage of 398 Highway 7 E?

This property features a garage with space for 1 cars.

What type of garage does this property have?

This property includes an Underground garage with space for 1 cars.

Does this property have a basement?

There is no basement in this property.

What type of basement is it?

Information about basement type is not available.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

There is no fireplace in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Yes, it has an annual maintenance fee of $912.53.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Forced Air.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 1503 - 398 Highway 7 E, Richmond Hill

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