396 Highway 7 E #PH 1 is a 1-bedroom, 1-bathroom condo in Richmond Hill, listed for $468,000. It has 600-699 sq ft of living space.
1Luxury Valleymede Towers. 1 Bedroom With Beautiful Unobstructed North View And Large Balcony.
2High Demand Location Close To All Amenities, Restaurants, Shopping, Grocery, Banks And Public Transit.
3Welcome To This Luxurious 7 Years Old, Efficient Layout With Modern Design Throughout, Featuring Open Living And Dining Area Walks Out To A Private Balcony.
Luxury Valleymede Towers. 1 Bedroom With Beautiful Unobstructed North View And Large Balcony. Built-in appliances, stone countertop, and backsplash. High Demand Location Close To All Amenities, Restaurants, Shopping, Grocery, Banks And Public Transit. Close To 404/407. Welcome To This Luxurious 7 Years Old, Efficient Layout With Modern Design Throughout, Featuring Open Living And Dining Area Walks Out To A Private Balcony. The Stylish L-Shaped Kitchen Is Finished With Stainless Steel Appliances, Backsplash. Located In A Prime, Highly Convenient Neighbourhood, This Suite Combines Upscale Living With Exceptional Everyday Convenience.
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $780 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 396 Highway 7 E #PH 1
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
396 Highway 7 E #PH 1 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14162902$468,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 396 Highway 7 E #PH 1 Compares to the Richmond Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,299
/mo
based on the purchase price of $468,000
$93,600 cash
$374,400 financed
$315,343 total interest
Principal54%$374,400
Interest46%$315,343
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Highway 7 East? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 396 Highway 7 E #PH 1 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 396 Highway 7 E #PH 1 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Richmond Hill
Other 1–2 bed homes for sale in Richmond Hill around $468K.
Average days on market35Homes sold in about 35 days on average.
Sale-to-list ratio98.5%On average, homes sold below asking.
Active listings1,169Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with May 13 – Aug 11, 2026: prices up.
Based on 789 sales from Aug 11 – Nov 9, 2026 (637 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for rent at 396 Highway 7 E — plus its sale and lease history.
396 Highway 7 E #PH 1 is listed at $468,000 (MLS® N14162902). Summitly updates the price as soon as the MLS® record changes.
Is $468,000 a good price for 396 Highway 7 E #PH 1?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Richmond Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 396 Highway 7 E #PH 1 changed?
No — 396 Highway 7 E #PH 1 is still listed at its original asking price of $468,000.
How many bedrooms and bathrooms does 396 Highway 7 E #PH 1 have?
396 Highway 7 E #PH 1 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Richmond Hill.
How much would the monthly mortgage be on 396 Highway 7 E #PH 1?
About $2,299 a month — principal and interest on $468,000 with 20% down ($93,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 396 Highway 7 E #PH 1 compare with other homes in Richmond Hill?
Its asking price of $468,000 is about 59% below the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 789 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 396 Highway 7 E #PH 1 been sold before?
Summitly has no earlier MLS® sale or lease of 396 Highway 7 E #PH 1 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 396 Highway 7 E #PH 1?
396 Highway 7 E #PH 1 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 396 Highway 7 E #PH 1 been on the market?
5 days — 396 Highway 7 E #PH 1 was listed on November 4, 2026.
What is the price per square foot of 396 Highway 7 E #PH 1?
About $670 to $780 per square foot: the asking price of $468,000 over the 600–699 sq ft the listing gives as its size range.
Does 396 Highway 7 E #PH 1 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 396 Highway 7 E #PH 1 have a basement, and is it finished?
The listing says 396 Highway 7 E #PH 1 has no basement.
