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Observatory Hill – Detached Homes in Richmond Hill – SOLD

$2,474,990. And Up.
4 Beds
3.5 Baths
Lot Size
2969 - 4597 SqFt
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Property Description

Brand New PreConstruction Single Family Detached Homes In Richmond Hill, ON – SOLD
Coming Soon to Thorold
Bayview Avenue, Richmond Hill, ON

Quick Facts
ADDRESS Bayview Avenue, Richmond Hill, ON                                                                
AREA York Region
ROOMS 4 Bedrooms | 3.5 Bath
AVAILABLE HOMES 11 Beautiful homes
DEPOSIT 36′ & 45′ Detached

$30,000 with agreement
$40,000 in 30 days
$60,000 in 90 days
$70,000 in 90 days
$70,000 in 120 days

SUITE SIZE RANGE 2969 – 4597 SqFt

Observatory Hill is a new single family Detached home development currently under construction at Bayview Avenue, Richmond Hill. Available units range in price from $2,474,990 to $3,999,990. Observatory Hill unit sizes range from 2969 to 4597 square feet. Observatory Hill has a total of 2 quick move-in homes currently for sale. It is with great pride and a true sense of achievement that Aspen Ridge introduces the meticulously designed Observatory Hill,an exceptionally high standard of living set amid five hectares of captivating greenspace.

Richmond Hill is a city located just north of Toronto, making it an extremely attractive investment option for growing families. Observatory Hill offers plenty of space to raise children while being located close to early learning centres, public and private schools to help provide them with a quality education. Mackenzie Health Centre is also located nearby. The area offers plenty of family-friendly recreational and extracurricular activities to partake in year-round.

Floor Plans of Single Family Homes in Richmond Hill  


The area surrounding Observatory Hill is an extremely amenity-rich area of the city, giving residents access to some of the best lifestyle amenities and daily necessities Richmond Hill has to offer. Located just a short drive away are plenty of dining, shopping, and entertainment options. SmartCentres Richmond Hill and Hillcrest Mall are just some of the major shopping centres located in the area.

Residents of Observatory Hill may be living in the heart of Richmond Hill, but that doesn’t mean the city lacks green space and parks for nature lovers to enjoy. Being able to escape the hectic daily 9-5 grind is important to help unwind taking the dog for a nice walk through the park or finding a peaceful place to read a book to help refresh the body and mind. Nearby green spaces include Bayview Hill Park, Heron Pond, Beaver Creek, and Harding Park.

From its earliest incarnation as a centre of learning to its present form as one of Canada’s most sought after towns, Richmond Hill has always been highly regarded as a hub for all things educational. It’s no surprise that two Richmond Hill public schools rank in the top 10 of Fraser Institute’s annual report card on Ontario secondary schools. Choose from private schools like Richmond Hill Montessori, St Joseph Catholic Elementary, St Charles Garnier Catholic school; or French Immersion schools like Adrienne Clarkson, Doncrest and Ecole Secondaire Norval Morrisseau and a host of public schools in the area.

This is the town where you can find cuisine from all over the planet at every turn. What’s for dinner? North American food, South American or Central American? How about South Asian, or East Asian or the Pacific Islands? Maybe European – East, West or Central? It’s tough to decide with over 40 ethnic restaurants from which to choose.

Whether you enjoy sports, social activities, watching movies or evenings out, Richmond Hill and surrounds offer some of the best entertainment options in the GTA. Take the kids out for a fun day full of excitement or unwind with a glass of wine. There’s something to do or somewhere to go everywhere in the neighbourhood.

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The city of Richmond Hill is also extremely attractive for professionals that need to commute to their place of employment on a daily basis. Observatory Hill is highly connected and conveniently situated near several major thoroughfares in the area including Highways 7, 407, and 404 making it extremely easy to travel throughout the city and the GTA. Motorists can quickly connect to the Don Valley Parkway and drive into downtown Toronto in just 25 minutes. 

York Region Transit services the area surrounding Observatory Hill with immediate access to bus routes along Bayview Avenue. Riders will be quickly transported throughout the city, York Region, and will be able to easily connect to neighbouring transit services including the TTC and GO Transit. Richmond Hill GO station is conveniently situated just minutes away from home. If commuters choose to connect to the subway into Union Station it will take them just over an hour.

Richmond Hill has 166 parks and 544 hectares of undeveloped natural area for recreation. The largest park is Richmond Green Sports Centre and Park which includes several baseball diamonds, two ice skating rinks, a 300-person amphitheatre and a skateboard park.

The town also has 6 public swimming pools, including an indoor wave pool and every summer, a themed concert series. The town is also home to the Richmond Hill Country Club, Summit Golf & Country Club, and the Bloomington Downs Golf Course. Richmond Hill was awarded the National Communities in Bloom award in 2003, with a special mention of the town’s floral displays. Libraries, community centres, theatres, sport fields and community events cater for everyone from young to old.

Register Now to get access to the VIP Prices and Floor Plans of  Exclusive Low maintenance Fee for these Luxury Single Family Homes in Richmond Hill, ON. Please click here and fill out the form and we will send you more info as soon as possible.

If You Are A First Time Home Buyer in Ontario, Canada, You May Like To Attend Our In Person Class / Seminar For First Time Home Buyers In RE/MAX Mississauga Office Near Square One.

Is this Not the right location, city and type of house you are looking for? No problem, We may certainly find your dream home: Click here and fill out the “My Dream Home search in Mississauga ” form and we will get back to you with relevant information.

We strongly recommend you as the buyers to be accompanied by a RE/MAX Team Paliwal REALTOR® on the first time when entering a New Home/ Condo sales centre. We as builder’s preferred agents get paid a small fee by the builders BUT our services are absolutely free for you. While on the other hand if you go directly – the sales staff at builder sales centre is looking after the interest of builder – NOT you and they do not disclose many points those may not be in your best interest.  We as your agents will guide you through the selection and the purchase process and negotiate with the builder on your behalf, we will also recommend and introduce you to the top professionals such as lawyers and mortgage agents, Banks.

We are Independent Realtors, part of RE/MAX Realty Specialists inc., Brokerage. We do not represent the builder, we represent you! We gain first VIP Access, Pricing & Incentives to many pre-construction developments throughout the GTA. This offer is not available to Buyers currently working with a Realtor and is not intended to solicit buyers currently under contract.

All renderings, incentives, pricing are subject to terms & conditions and may change at any time without notice – see sales representatives for more details.

All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.


How do I reserve a unit or lot in this project?

Click on “Request Information” – Fill out the form and send us, We will send you more details so that you may select the suites or Lots you are interested in.

What does it mean that RE/MAX Team Paliwal -Gyanesh Paliwal is a “Platinum Agent”?

Platinum agents are the top-selling agents who get preferred status with developers and first access to new projects before regular agents and the public.

How does it benefit me as a buyer to work with RE/MAX Team Paliwal as my Platinum Agent?

Working with us as your Platinum agents give you several benefits

  1. You get the highest level of access in the building or in the new home project.
  2. You pay the lowest possible price for the unit or new home (prices are typically increased significantly after the Platinum sales event)
  3. The best possible incentives and terms.
  4. We the agents at RE/MAX Team Paliwal do not represent the builder. We represent you. You benefit from our expertise of being a top selling pre-construction agents and investors since 2007.
  5. Access to our personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
  6. Our services to you as a buyer are free

Do I get a cooling-off period? What is it for?

Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling-off period BUT only in case of high rise Condo units or Condo-Townhomes NOT when you buy Free Hold homes. It’s 10 calendar days, not business days from the time you sign.

The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter

Do I need to have a lawyer?

You don’t need to have a lawyer at the moment that you sign the agreement, however, we always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling-off period when you buy a Condo unit.

Do I need to have a mortgage pre-approval to buy?

95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 30 to 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that we may help you with. Contact us for more details.

Do the prices include HST?

 If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is no HST you will have to pay at final closing.

If you are purchasing as an investment, rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.

This money is remitted to the CRA and later on, we may help you and guide you as to how you can apply to the CRA immediately to get this money back. It usually takes about 1 to 3 month to get your rebate back.

What are my closing costs on a pre-construction condo or house?

Closing costs on a pre-construction condo or house will always be much higher than buying similar property under resale or existing ones. The closing cost of a brand new house or Condo will depend on the actual purchase price of the unit/house you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit/house that you are buying.

Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo or house.

Contact RE/MAX Team Paliwal  for more details

Are there any ‘hidden’ costs when buying a pre-construction condo unit or home in Greater Toronto, Canada?

No, there are no hidden fees when buying pre-construction condos or houses because all fees must be disclosed in the agreement of purchase and sale. All purchasers must review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.

Is it possible to assign my condo or house? How much is the assignment fee?

Most condo or house builders do allow you to sell your unit/lot or house before its occupancy by you. This process is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs may range from $1000-10,000. Contact us for more details.

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