The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Comfort, convenience, and community in a very well maintained 2-bedroom, 1-bathroom home in Richmond, Ottawa. Designed for those 55 +, this home offers a low-maintenance lifestyle where all exterior upkeep and maintenance are taken care of, giving you the freedom to enjoy life without the hassle. Step inside to find a warm, inviting space perfect for relaxing or entertaining. Both bedrooms are generously sized, and the well-laid-out bathroom ensures comfort and accessibility. Large windows fill the home with natural light, creating a bright and cheerful atmosphere.Beyond your front door, you'll find a community of like-minded seniors who share your stage in life. Here, familiar faces, mutual support, and friendly connections make every day enjoyable. Whether you're socializing, taking part in community activities, or simply enjoying the tranquility of your private space, this neighbourhood offers the perfect balance of independence and camaraderie. Experience the peace of mind that comes from a home that takes care of itself-and a community that feels like family. Don't miss the opportunity to make this charming Richmond home your next chapter! PLEASE NOTE: This is a Life Lease with a monthly fee of $766.84, which includes property tax, building insurance, water, caretaker, exterior landscaping, snow removal, management fee and reserve fund. A life lease property is a type of housing where you buy the right to live in a home for as long as you want, rather than owning the property itself. You pay an upfront lease amount (similar to buying a condo), plus monthly fees for maintenance and upkeep.Life lease communities are often designed for older adults (typically 55+)who want the benefits of homeownership-like stability, community, and control over their space-without all the responsibilities of traditional ownership.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,794/mo
Mortgage (principal + interest)$1,028
Condo feesFrom listing$766
Minimum $13,745 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$54,980
Ontario land transfer taxProvincial brackets, no first-time refund$2,599
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$60,379
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Stittsville - Munster - Richmond has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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