398 Highway 7 E #805 is a 2-bedroom, 2-bathroom condo in Richmond Hill, listed for $688,800. It has 900-999 sq ft of living space.
1Welcome to Valleymede Tower - one of the newest buildings in the neighbourhood!
2This stunning 2-bedroom + den, 2-bathroom unit offers an open-concept layout that is both bright and spacious.
3Enjoy unobstructed views and modern finishes, including laminate floor throughout, quartz kitchen counter tops and convenient under-cabinet sensor lights.
Welcome to Valleymede Tower - one of the newest buildings in the neighbourhood! This stunning 2-bedroom + den, 2-bathroom unit offers an open-concept layout that is both bright and spacious. Enjoy unobstructed views and modern finishes, including laminate floor throughout, quartz kitchen counter tops and convenient under-cabinet sensor lights. Located with easy access to Hwy 404 & 407, and just steps away from shopping, restaurants, Viva/YRT transit, and all everyday amenities - this home truly has it all. Don't miss out on this perfect blend of comfort and convenience!
2 bedrooms, 2 bathrooms, about 900 sq ft, works out to roughly $765 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 398 Highway 7 E #805
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
900-999 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
398 Highway 7 E #805 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$3,384
/mo
based on the purchase price of $688,800
$137,760 cash
$551,040 financed
$464,120 total interest
Principal54%$551,040
Interest46%$464,120
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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Similar homes for sale nearby in Richmond Hill
Other 1–2 bed homes for sale in Richmond Hill around $689K.
Average days on market35Homes sold in about 35 days on average.
Sale-to-list ratio98.5%On average, homes sold below asking.
Active listings1,147Homes 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
2 for sale at 398 Highway 7 E — plus its sale and lease history.
398 Highway 7 E #805 is listed at $688,800 (MLS® N13570888). Summitly updates the price as soon as the MLS® record changes.
Is $688,800 a good price for 398 Highway 7 E #805?
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 398 Highway 7 E #805 changed?
Yes — it was first listed at $749,000 and is now $688,800, a drop of $60,200 (8.0%).
How many bedrooms and bathrooms does 398 Highway 7 E #805 have?
398 Highway 7 E #805 has 2 bedrooms and 2 bathrooms, with about 900–999 square feet of living space. It is a condo in Richmond Hill.
Is 398 Highway 7 E #805 close to transit?
The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 2.4 km in a straight line. Richmond Hill GO Station is about 4.5 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 398 Highway 7 E #805?
About $3,384 a month — principal and interest on $688,800 with 20% down ($137,760), 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 398 Highway 7 E #805 compare with other homes in Richmond Hill?
Its asking price of $688,800 is about 39% 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 398 Highway 7 E #805 been sold before?
Summitly has no earlier MLS® sale or lease of 398 Highway 7 E #805 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 398 Highway 7 E #805?
398 Highway 7 E #805 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 398 Highway 7 E #805 been on the market?
117 days — 398 Highway 7 E #805 was listed on July 15, 2026.
What is the price per square foot of 398 Highway 7 E #805?
About $689 to $765 per square foot: the asking price of $688,800 over the 900–999 sq ft the listing gives as its size range.
Does 398 Highway 7 E #805 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
