Condos & townhomes
Richmond Hill Condos & Townhomes for Sale
Condos and townhomes are the most affordable way into Richmond Hill, concentrated along Yonge Street and near Richmond Hill Centre and Langstaff. They suit first-time buyers, downsizers, and investors — with lower prices and less upkeep than a detached home. The coming Yonge North Subway Extension adds real long-term upside. See what fits your budget on homes for sale.
Where the condos and townhomes are
Most of Richmond Hill's condo and townhome supply sits along the Yonge Street corridor and around Richmond Hill Centre and Langstaff, near the border with Markham and Vaughan. This is the busy, transit-served part of town — walkable, connected, and slated for major growth. You will also find townhome pockets spread through newer communities across the city.
Who condos and townhomes suit
- First-time buyers who want a realistic entry price into a strong market — see the first-time buyer guide.
- Downsizers ready to trade a big house and yard for lock-and-leave living with less maintenance.
- Investors drawn to the transit story and steady rental demand near Yonge Street.
Maintenance fees: what they cover
Condos and condo townhomes come with monthly maintenance fees. These typically cover building insurance, common-area upkeep, the reserve fund, and often water and heat. In amenity-rich buildings they may include a gym, concierge, or party room. A higher fee is not automatically bad — check what is included and how healthy the reserve fund is. Freehold townhomes have no condo fees, but you handle all maintenance yourself.
Typical price ranges by type
Prices move with the market, so treat these as general ranges around the June 2026 TRREB averages, not quotes. Your agent can pull live comparables for any building or pocket you are considering.
| Property type | Typical price range (CAD) | Best for |
|---|---|---|
| 1-bed condo | ~$450,000 – $560,000 | First-time buyers, investors |
| 2-bed condo | ~$580,000 – $780,000 | Couples, small families, downsizers |
| Condo townhome | ~$650,000 – $820,000 | Families wanting more space, less upkeep |
| Freehold townhome | ~$900,000 – $1,150,000 | Buyers who want ownership with no condo fees |
TRREB June 2026 average sold prices in Richmond Hill: condo apartment ~$532,000, condo townhouse ~$731,000, freehold townhouse ~$1.02M (data via WOWA). Ranges above vary by building, size, and location — get live comparables for any specific unit.
Condo or townhome vs a detached home
The trade-off is simple. Condos and townhomes cost less and demand less of your time. A detached home gives you space, a yard, and full control — at a higher price and with more upkeep. Here is the honest breakdown:
- Pros: lower entry price, less maintenance, amenities, strong transit access, easier to lock up and travel.
- Cons: monthly fees (for condos), less privacy, shared rules, and less outdoor space than a detached home.
If you are weighing options, the buying a home in Richmond Hill page walks through the full decision, and the market report shows how each segment is moving.
The Yonge North Subway Extension: a value driver
The planned Yonge North Subway Extension is one reason condos near Richmond Hill Centre and Langstaff draw so much interest. Extending the subway further into York Region tends to boost long-term demand and values around future stations. It is not a guarantee — projects and timelines can shift — but it is a real part of why buyers and investors watch this corridor closely.
Ready to look? Browse current homes for sale in Richmond Hill, or call (416) 569-1288 and a trusted local agent will send you condo and townhome listings that fit your budget and plans.
Thinking of making a move in Richmond Hill?
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Richmond Hill condos & townhomes: FAQs
How much do condos cost in Richmond Hill?
As of June 2026, the average Richmond Hill condo apartment sold for about $532,000 (TRREB), with entry-level one-bedroom units often in the $450,000–$560,000 range and two-bedrooms and condo townhomes running higher. Prices vary by building, size, location, and maintenance fees. Check current listings for real numbers.
What do condo maintenance fees cover?
Monthly maintenance (condo) fees typically cover building insurance, common-area upkeep, the reserve fund, and often water and heat. In many Richmond Hill buildings they also include amenities like a gym, concierge, or party room. Always review the exact inclusions and the reserve fund before you buy — a low fee is not always a good sign.
Are condos a good investment in Richmond Hill?
Many buyers think so, largely because of transit. The planned Yonge North Subway Extension is set to bring the subway further into York Region, and homes near future stations often see strong long-term demand. As always, treat this as general information — not investment advice — and do your own homework.
What is the difference between a condo townhome and a freehold townhome?
A condo townhome comes with monthly fees that cover shared maintenance, and the condo corporation handles things like the roof and exterior. A freehold townhome means you own the home and land outright with no condo fees, but you handle all upkeep yourself. Freehold usually costs more up front.
Who should buy a condo or townhome in Richmond Hill?
They suit three groups well: first-time buyers who want a lower entry price, downsizers who want less upkeep, and investors drawn to the transit story. If you want a yard and maximum space, a detached home may fit better — but you will pay more for it.
Thinking of making a move in Richmond Hill?
Get a free, no-obligation home valuation or talk to a trusted local agent. No pressure, no spam — just straight answers about your options.