398 Highway 7 Rd E #Ph06, Richmond Hill

Name: 398 Highway 7 Road E, Unit Ph06
SKU: N13681198
Price: 1250000 CAD
Availability: InStock

2 Bed, 2 Bath Condo in Richmond Hill

Unit Ph06 at 398 Highway 7 Road East

**Extreme Rare*** Penthouse Living In Nearly New Valleymede Condo! Over 1400 Sq Ft Enjoyable Space With Soaring 10Ft Ceiling With Sophisticated Appliances Ensuring Your Luxurious Lifestyle Meets Quality Living! Primary Room And 2nd Bedroom Are Separated Ensuring Maximum Privacy And Enjoyment! **2 Side By Side Parkings With 1 Spacious Locker Inlcuded** Steps To Local Shops, Fine Dinnings & Shopping Centre!

2 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $1,042 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 Rd E #Ph06

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1200-1399 sq ftas stated on the listing
Parking: 2 spacesYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 2

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

398 Highway 7 Rd E #Ph06 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Aug 16, 2026For saleListedThis listingMLS® N13681198$1,250,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 398 Highway 7 Rd E #Ph06 Compares to the Richmond Hill Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 1,401 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Richmond Hill market, last 90 days

Median sold price: $1,130,000
Average sold price: $1,234,823
Average days on market: 34
Homes sold: 819

Closed sales on the TRREB MLS®.

Full Richmond Hill market report

Market pulse · Richmond Hill

Richmond Hill market

Median sold price$1,130,000Last 90 days
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.8%On average, homes sold below asking.
Active listings1,232Homes for sale here right now.
Median vs prior 90 days+2.7%Compared with Apr 24 – Jul 23, 2026: prices up.

Based on 819 sales from Jul 23 – Oct 21, 2026 (592 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Richmond Hill

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit Ph06 — 398 Highway 7 Road E 2 bd · 2 ba · 1,200 sqft	$1,250,000asking	$1,042	—	—
309 Major Mackenzie Drive 1 bd · 1 ba · 1,000 sqft
2 David Eyer Drive 2 bd · 2 ba · 900 sqft
55 Oneida Crescent 2 bd · 2 ba · 1,000 sqft
326 Major Mackenzie Drive 1 bd · 1 ba · 700 sqft
350 Red Maple Road 2 bd · 2 ba · 800 sqft
20 Harding Boulevard 2 bd · 2 ba · 1,200 sqft

309 Major Mackenzie Drive
1 bd · 1 ba · 1,000 sqft
2 David Eyer Drive
2 bd · 2 ba · 900 sqft
55 Oneida Crescent
2 bd · 2 ba · 1,000 sqft
326 Major Mackenzie Drive
1 bd · 1 ba · 700 sqft
350 Red Maple Road
2 bd · 2 ba · 800 sqft
20 Harding Boulevard
2 bd · 2 ba · 1,200 sqft

Living in Richmond Hill: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Langstaff GO StationRichmond Hill GO2.4 km
Richmond Hill GO StationRichmond Hill GO4.5 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Langstaff GO Station (Richmond Hill GO)2.4 km
Richmond Hill GO Station (Richmond Hill GO)4.5 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Langstaff GO Station
2.4 kmClosest· Richmond Hill GO
Homes near Langstaff GO Station
Richmond Hill GO Station
4.5 km· Richmond Hill GO
Homes near Richmond Hill GO Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 398 Highway 7 Rd E #Ph06. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 398 Highway 7 Rd E #Ph06

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $6,141; 20% down · 25 years · 5.5% assumed
Property tax: $688; 0.66% mill rate · ON
Total per month: $6,829; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$6,141

/mo

based on the purchase price of $1,250,000

Down payment20%

$250,000 cash

Amortization25 yr

$1,000,000 financed

Rate5.50%

$842,262 total interest

Principal54%$1,000,000

Interest46%$842,262

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.

Book a tour of 398 Highway 7 Rd E #Ph06 with a licensed buyer's agent

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Zara, any time

Zara · AI virtual agent

Ask about 398 Highway 7 Rd E #Ph06 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

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Questions About 398 Highway 7 Rd E #Ph06

How much is 398 Highway 7 Rd E #Ph06 listed for?

398 Highway 7 Rd E #Ph06 is listed at $1,250,000 (MLS® N13681198). Summitly updates the price as soon as the MLS® record changes.

Is $1,250,000 a good price for 398 Highway 7 Rd E #Ph06?

Summitly rates it Well Above Market: the asking price is 15% or more 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 Rd E #Ph06 changed?

No — 398 Highway 7 Rd E #Ph06 is still listed at its original asking price of $1,250,000.

How many bedrooms and bathrooms does 398 Highway 7 Rd E #Ph06 have?

398 Highway 7 Rd E #Ph06 has 2 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo in Richmond Hill.

Is 398 Highway 7 Rd E #Ph06 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 Rd E #Ph06?

About $6,141 a month — principal and interest on $1,250,000 with 20% down ($250,000), 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 Rd E #Ph06 compare with other homes in Richmond Hill?

Its asking price of $1,250,000 is about 11% above the median sold price in Richmond Hill over the last 90 days, $1,130,000, across 819 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 Rd E #Ph06 been sold before?

Summitly has no earlier MLS® sale or lease of 398 Highway 7 Rd E #Ph06 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 398 Highway 7 Rd E #Ph06?

398 Highway 7 Rd E #Ph06 is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 398 Highway 7 Rd E #Ph06 been on the market?

66 days — 398 Highway 7 Rd E #Ph06 was listed on August 16, 2026.

What is the price per square foot of 398 Highway 7 Rd E #Ph06?

About $893 to $1,042 per square foot: the asking price of $1,250,000 over the 1,200–1,399 sq ft the listing gives as its size range.

Does 398 Highway 7 Rd E #Ph06 have parking or a garage?

Yes — the listing gives 2 parking spaces. Garage: Yes.

398 Highway 7 Rd E #Ph06, Richmond Hill

What you should know

2 Bed, 2 Bath Condo in Richmond Hill

Unit Ph06 at 398 Highway 7 Road East

Inside 398 Highway 7 Rd E #Ph06

Features & systems

398 Highway 7 Rd E #Ph06 Price & Sale History

How 398 Highway 7 Rd E #Ph06 Compares to the Richmond Hill Market

Richmond Hill market, last 90 days

Recently sold nearby in Richmond Hill

Living in Richmond Hill: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 398 Highway 7 Rd E #Ph06

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Highway 7 Road East? See what yours is worth

Zara, any time

A licensed local agent

See 398 Highway 7 Rd E #Ph06, Richmond Hill in person

Similar homes for sale nearby in Richmond Hill

Explore More Condos in Richmond Hill

2 Bed, 2 Bath Condo in Richmond Hill

Unit Ph06 at 398 Highway 7 Road East

Inside 398 Highway 7 Rd E #Ph06

Features & systems

398 Highway 7 Rd E #Ph06 Price & Sale History

How 398 Highway 7 Rd E #Ph06 Compares to the Richmond Hill Market

Richmond Hill market, last 90 days

Market pulse · Richmond Hill

Recently sold nearby in Richmond Hill

Living in Richmond Hill: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 398 Highway 7 Rd E #Ph06

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Highway 7 Road East? See what yours is worth

Zara, any time

A licensed local agent

See 398 Highway 7 Rd E #Ph06, Richmond Hill in person

Questions About 398 Highway 7 Rd E #Ph06

How much is 398 Highway 7 Rd E #Ph06 listed for?

Is $1,250,000 a good price for 398 Highway 7 Rd E #Ph06?

Has the price of 398 Highway 7 Rd E #Ph06 changed?

How many bedrooms and bathrooms does 398 Highway 7 Rd E #Ph06 have?

Is 398 Highway 7 Rd E #Ph06 close to transit?

How much would the monthly mortgage be on 398 Highway 7 Rd E #Ph06?

How does 398 Highway 7 Rd E #Ph06 compare with other homes in Richmond Hill?

Has 398 Highway 7 Rd E #Ph06 been sold before?

Where is 398 Highway 7 Rd E #Ph06?

How long has 398 Highway 7 Rd E #Ph06 been on the market?

What is the price per square foot of 398 Highway 7 Rd E #Ph06?

Does 398 Highway 7 Rd E #Ph06 have parking or a garage?

Similar homes for sale nearby in Richmond Hill

Explore More Condos in Richmond Hill

Market pulse · Richmond Hill

Transit nearby

Transit

Questions About 398 Highway 7 Rd E #Ph06

How much is 398 Highway 7 Rd E #Ph06 listed for?

Is $1,250,000 a good price for 398 Highway 7 Rd E #Ph06?

Has the price of 398 Highway 7 Rd E #Ph06 changed?

How many bedrooms and bathrooms does 398 Highway 7 Rd E #Ph06 have?

Is 398 Highway 7 Rd E #Ph06 close to transit?

How much would the monthly mortgage be on 398 Highway 7 Rd E #Ph06?

How does 398 Highway 7 Rd E #Ph06 compare with other homes in Richmond Hill?

Has 398 Highway 7 Rd E #Ph06 been sold before?

Where is 398 Highway 7 Rd E #Ph06?

How long has 398 Highway 7 Rd E #Ph06 been on the market?

What is the price per square foot of 398 Highway 7 Rd E #Ph06?

Does 398 Highway 7 Rd E #Ph06 have parking or a garage?