Observatory Richmond Hill MLS Real Estate Listings
Observatory Place, often referred to, simply, as 100 Observatory Lane, Richmond Hill was built in 1986, and had the first sales registered on the Toronto Real Estate Board in 1988. This 15-storey high-rise condominium building was built by the Tridel Group of Companies and has enjoyed a reputation matching that worthy of the Tridel name. Located just east of Yonge Street next to German Mills Creek, it is a short walk to buses and Yonge Street shopping at Hillcrest Mall. And local buses service the building with 100 Observatory Lane as a regular bus stop. Well-built with spacious one, two and three-bedroom suites, it has long attracted buyers and sellers eager to obtain models with larger square footage than is generally supplied in newer buildings.
Observatory Place Condominiums
Observatory Place Amenities
100 Observatory Lane
100 Observatory Lane
Richmond Hill
Richmond Hill
For 2011 the average selling price for one-bedroom suites was $256,950. These suites range in size from about 888 square feet up to 1,100 square feet. Two-bedroom units had an average selling price of $319,031 during the same period. They range in size from 1,002 square feet up to about 1,289 square feet. Three-bedroom units were selling for about $370,000 and varied in size from about 1,250 square feet up to almost 1,500 square feet. For the first six months of 2012, the suite prices increased between 9% and 13% over the previous year's sales figures.
Amenities for Observatory Place include updated Lobby, Guest Suites, Indoor Pool, Sauna, Party Room, Car Wash, Games Room, Exercise Room/Gym, Billiards, Outdoor Patio and 2 Barbeques, Security System, Visitor Parking, and Local Bus Service to Front Entranceway.
Observatory Amenities Richmond Hill
Condominium sales in the building have shown a continued increase in price over the last ten years. Average sales prices have increased in nine of those years, with the greatest price increase occurring in 2010/2011 for one-bedroom and three-bedroom models, and 2012 for two bedroom models (2012 figures tabulated only for first half of year). Only 112 suites were sold on MLS during the 10 year period, a small number due partly to the fact that residents like the building so much they do not want to leave.
Condominium Sales: One Bedroom Suites
Year
Units Sold
Average Price
Change (%)
2003
2
$188,500
-----
2004
5
$191,900
+1.8
2005
3
$204,100
+6.4
2006
1
-3.0
2007
4
$195,875
-1.1
2008
2
$$204,550
+4.4
2009
3
$211,667
+3.5
2010
0
2011
2
$256,950
+21
2012
2
$280,000
+9.0
Total
24
Condominium Sales: Two Bedroom Suites
Year
Units Sold
Average Price
Change (%)
2003
6
$229,167
-----
2004
10
$235,310
+2.7
2005
10
$252,695
+7.4
2006
6
$248,000
-1.9
2007
5
$254,300
+2.5
2008
11
$283,000
+11.5
2009
8
$287,000
+1.4
2010
8
$294,225
+2.5
2011
8
$319,031
+8.4
2012
1
+12.8
Total
73
Condominium Sales: Three-Bedroom Suites
Year
Units Sold
Average Price
Change (%)
2003
2
$285,300
-----
2004
1
+.08
2005
1
+7.8
2006
1
_4.8
2007
3
$304,500
+3.2
2008
2
$307,500
+1.0
2009
0
2010
4
$333,875
+8.6
2011
1
+10.2
2012
0
Total
15
Schools In the Observatory Neighbourhoods:
Type
Name
Website
Ranking
Elementary
Adrienne Clarkson P.S. (F.I.)
Unranked
Elementary
Sixteenth Avenue P.S.
Secondary
Alexander Mackenzie H.S.
Secondary
Bayview S.S.
Secondary
Langstaff S.S.
Elementary
St. Joseph C.E.S.
Secondary
Jean Vanier C.H.S.
Unranked
Observatory Daycares
For More Information on MLS Listings in Observatory Neighbourhoods in Richmond Hill
Observatory Richmond Hill Real Estate Property Values
Observatory Richmond Hill MLS Real Estate Listings
