398 Highway 7 E #805 is a 2-bedroom, 2-bathroom condo in Richmond Hill, listed for $648,000. It has 900-999 sq ft of living space.
1Welcome to Valleymede Tower - one of the newest buildings in the neighborhood!
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 neighborhood! 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. Ceiling Lights newly replaced. 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 $720 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.
For saleListedThis listingMLS® N14137826$648,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 398 Highway 7 E #805 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
$3,183
/mo
based on the purchase price of $648,000
$129,600 cash
$518,400 financed
$436,629 total interest
Principal54%$518,400
Interest46%$436,629
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.
For homeowners nearby
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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 2–3 bed homes for sale in Richmond Hill around $648K.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.6%On average, homes sold below asking.
Active listings1,123Homes for sale here right now.
Median vs prior 90 days+3.6%Compared with May 6 – Aug 4, 2026: prices up.
Based on 823 sales from Aug 4 – Nov 2, 2026 (614 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 sale at 398 Highway 7 E — plus its sale and lease history.
398 Highway 7 E #805 is listed at $648,000 (MLS® N14137826). Summitly updates the price as soon as the MLS® record changes.
Is $648,000 a good price for 398 Highway 7 E #805?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% 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?
No — 398 Highway 7 E #805 is still listed at its original asking price of $648,000.
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.
How much would the monthly mortgage be on 398 Highway 7 E #805?
About $3,183 a month — principal and interest on $648,000 with 20% down ($129,600), 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 398 Highway 7 E #805 compare with other homes in Richmond Hill?
Its asking price of $648,000 is about 43% below the median sold price in Richmond Hill over the last 90 days, $1,140,000, across 823 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?
1 day — 398 Highway 7 E #805 was listed on November 1, 2026.
What is the price per square foot of 398 Highway 7 E #805?
About $649 to $720 per square foot: the asking price of $648,000 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.
Does 398 Highway 7 E #805 have a basement, and is it finished?
The listing says 398 Highway 7 E #805 has no basement.
