Richmond Hill condo sells $160,000 below initial asking price
A Richmond Hill condo recently sold for $589,000, which is $160,000 below its initial asking price. The unit was originally listed at $749,000 in January 2026 but saw little interest until the price was reduced. The sale highlights the current trend of price adjustments in the condo market due to increased inventory and buyer options.
- ▪The condo was listed at $749,000 in January 2026 but received minimal interest.
- ▪After a price reduction to $609,000 in April, two offers were made, with the final sale price at $589,000.
- ▪The unit features 12-foot ceilings, an open-concept design, and community amenities.
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Open this photo in gallery:Harvey Kalles Real Estate Ltd.ShareSave for laterPlease log in to bookmark this story.Log InCreate Free Account7 Bond Cres., No. 112, Richmond Hill, Ont. Asking price: $609,000 (April, 2026)Previous asking price: $669,000 (March, 2026); $749,000 (January, 2026) Selling price: $589,000 (April, 2026)Previous selling price: $436,580 (2017) Taxes: $3,095 (2025) Property days on market: 98 Listing and buyers’ agents: Ken and Jaime Ramsay, Harvey Kalles Real Estate Ltd.THE ACTION Open this photo in gallery:Harvey Kalles Real Estate Ltd.This ground-floor unit was the only one for sale this January at the Sorrento condominium near Bond Lake and Lake Wilcox, about 45 kilometres north of downtown Toronto.
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