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            AIDA

            Real Estate Artificial Intelligence Digital Assistant

            Disclaimer

            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# N4630770

            $1,950
            1br 1ba 500-599sf

            Water

            Y

            Heating

            Y

            Hydro

            N

            Parking

            Y

            Laundry

            Ensuite

            WalkScore

            38

            TransitScore

            58

            Compare$1,941

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            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            HOMELIFE NEW WORLD REALTY INC., BROKERAGE

            Learn more about this property:
            MLS# N4630770 Listing Details
            Among all comparable properties rented in condo located at 350 Red Maple Road in Langstaff in Richmond Hill from Jan 2017 to Nov 2019, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $1,883

            Maximum Rent Adjusted was:

            $1,993

            AIDA's ESTIMATE (based on 3 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($1,950) more than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 3 comparable properties rented out in condo located at 350 Red Maple Road in Langstaff in Richmond Hill from Jan 2017 to Nov 2019

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesSold PriceTime Adj %Time Adj Price
            2017-06-07***601350 Red Maple RdN500-5991+0 • 11.0$1,55028.57%***
            2017-12-20***Ph 01350 Red Maple RdN500-5991+0 • 11.0$1,65017.98%***
            2019-01-31***901350 Red Maple RdN500-5991+0 • 11.0$1,70010.75%***

            Langstaff, Richmond Hill Sales History More

            Langstaff, Richmond Hill: Overall Sales Statistics for Condos
            Neighborhood Sales Statistics
            Neighborhood Rent Statistics
            Langstaff, Richmond Hill: Detailed Sales & Rent Statistics for Condos
            704 350 Red Maple Road Property & Location AIDA Analytics
            Listing Details

            General:

            704 350 Red Maple Road is a condo apt apartment, located in Langstaff of city of Richmond Hill, York region, near Yonge/16th Ave, and has been available for lease on ITRealty since 2019-11-10. This unit is located at level 7 of the building and has North-West exposure of Red Maple Rd. Condo registry office is YRSC, corporation number 1095.

            Lot Size and Living Area:

            704 350 Red Maple Road has 4+0 rooms in total, including 1+0 bedroms, 1 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 500-599 square feet.
            1.0 parking space(s) are owned and located undergrnd at level P1 . The locker is owned. ensuite laundry is located on main level.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Clear View, Hospital, Library, Park, Public Transit, School at, or near the property.

            Price & Cost Details

            General:

            704 350 Red Maple Road condo apt is listed for $1,950.

            Comparative Market Analysis:

            There are similar 1+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $1,941.
            Visit a customized Comparative Market Analysis page for more details.

            Location Details

            General:

            Langstaff, where 350 Red Maple Road is located, has $650,073 Home Price Index, and $2,270 Home Rent Index. Average household income at dissemination area of 350 Red Maple Road is $69,056, and average polulation age is 39 years old.
            Average Home Price Index among 16 evaluated neighborhoods in city of Richmond Hill is $1,015,055, and average Home Rent Index $2,404.

            Similar Properties & Community Details:

            There are similar to 704 350 Red Maple Road 1 bedr condo apt condos listed For Sale and For Rent in city of Richmond Hill.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 350 Red Maple Road.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Langstaff neighborhood in city of Richmond Hill.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 38, 58, and 45 accordingly, location of 350 Red Maple Road overall can be described as Car-Dependent, Good Transit, and Somewhat Bikeable.

            Langstaff, Richmond Hill AIDA Analytics
            Disclaimer

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Richmond Hill Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (41 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes get rented?
            You may expect 22 to 27 properties like that to be sold in Langstaff during the next 30 days.
            Seasonal sales fluctuation is showing 11% inventory increase comparing to the average annual number, which is equvalent to 21.92 properties sold per month, and -4% decline comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 7 days, which is 7 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
            Seasonal sales fluctuation is showing 11% D.O.M. increase comparing to the average annual number, which is equvalent to 12 D.O.M., and 14% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price it can be sold?
            Similar properties currently sell very close to its asking price in Langstaff.
            The selling to asking price ratio is declining in Langstaff.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS N4630770 Comparative Market Analysis

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