Observatory Hill Richmond Hill
New pre-construction detached home Regal Crest Homes in Richmond Hill.
About Observatory Hill
Project highlights
- Development
- Observatory Hill
- Developer
- Regal Crest Homes
- Location
- Richmond Hill — Hillsview Drive & Bayview Avenue, Richmond Hill
- Property type
- Detached Home
- Ownership
- Condominium / Freehold
- Sales status
- Coming Soon
- Starting price
- Contact for Pricing
- Occupancy
- TBD
Observatory Hill is a new pre-construction detached home Regal Crest Homes in Richmond Hill. Through PreconFactory you get VIP access 30–60 days before public launch — that means first pick of the best units, the lowest pricing, and full incentive negotiation on your behalf.
Starting at Contact for Pricing, Observatory Hill is a strong choice whether you're buying to live in or as an investment. You lock in today's developer pricing while the property appreciates during the 3–5 year build period — leveraged returns that resale buyers simply can't access.
Observatory Hill is a sold out townhouse and single family home community by Regal Crest Homes at Hillsview Drive & Bayview Avenue, Richmond Hill.
Why Richmond Hill works
Observatory Hill sits at Hillsview Drive & Bayview Avenue, Richmond Hill. Affluent city on the Yonge corridor. Future Yonge North Subway extension, Hillcrest Village, and top-rated schools. A blend of urban convenience and suburban tranquility.
Richmond Hill keeps growing — new transit lines, more jobs, and rising household incomes. That's why pre-construction here makes sense. You're buying into a city on the upswing, at today's prices.
Why Richmond Hill is growing
- Premium location with excellent schools
- Yonge Street subway extension planned
- Stable, established community
- Good balance of affordability and quality
About Richmond Hill
Discover why Richmond Hill is an ideal location for pre-construction investment
About Richmond Hill: A Growing Community in the GTA
Richmond Hill is home to 202,000+, and steady growth with premium developments. Premium community with excellent schools Additionally, yonge street corridor - main commercial strip. Located in Richmond Hill, Observatory Hill offers residents a perfect blend of urban convenience and suburban comfort.
Oak Ridges Moraine - protected green space Strong family appeal
Transit & Connectivity
Richmond Hill is well-connected to the GTA through Future Yonge North Subway Extension subway lines. GO Train stations including Richmond Hill GO, Langstaff GO, Gormley GO provide 35-45 minutes to downtown toronto via go train. Major highways including Highway 404, Highway 407, Highway 7, Yonge Street ensure easy access throughout the region.
Lifestyle & Amenities
Residents of Richmond Hill enjoy access to excellent educational institutions including Top-rated York Region schools and Private schools, healthcare facilities like Mackenzie Health (Richmond Hill), and major shopping destinations such as Hillcrest Mall and Richmond Hill Centre. Popular parks include Richmond Green and Mill Pond.
Investment Potential & Growth
Average condo prices: $700,000-$1M. Annual appreciation: 6-8% Average rental yield: 3.5-4.5%. Premium market with stable demand Future developments include Yonge North Subway Extension and Richmond Hill Centre redevelopment, which will further enhance the area's appeal. Major employment centers include Corporate offices along Yonge Street and Highway 404 corridor, driving demand for housing.
Why Richmond Hill is Perfect for Pre-Construction Investment
Premium location with excellent schools Yonge Street subway extension planned Stable, established community Good balance of affordability and quality Strong family-oriented market Investing in pre-construction in Richmond Hill allows you to secure a property at today's prices while the area continues to develop and appreciate in value.
Excellent Transit
Well-connected to downtown Toronto and the GTA
Strong Growth
Consistent property value appreciation
Quality Living
Modern amenities and community infrastructure
Why pre-construction wins
Investment potential
Observatory Hill is priced below comparable resale homes in Richmond Hill. You lock in today's developer pricing, and by the time it's built (3–5 years), the market has typically appreciated 15–25% — free equity before you even close.
Developer confidence
Regal Crest Homes has been building in the GTA for years — finishing on time and delivering quality homes that hold their value. That track record matters when you're committing this much capital.
View Regal Crest Homes profile & projectsBuilding features
- DETACHED & SEMI-DETACHED
- - Lot graded and fully sodded.
- - Paved driveway. Vendor provides base coat. Finish coat will be done by Vendor at Purchaser’s expense as set out in APS.
- - Pre-cast concrete slab walkway to front entry.
- - Concrete porch steps.
- - Poured concrete 9’ (+/-) basement walls with damp proofing, membrane wrap and weeping tiles.
- - Storage room in basement.
- - Brick to exterior and/or stone/stucco. Sides, rear and other section where required by design, will be constructed of brick, vinyl siding,
- aluminum siding, wood or other approved materials due to architectural specifications or treatments.
- - Colour co-ordinated vinyl or alum...
- Show more
Project visuals
Observatory Hill questions answered
What is the deposit structure for Observatory Hill?
The exact deposit schedule for Observatory Hill is set by Regal Crest Homes and confirmed in the Agreement of Purchase and Sale. GTA pre-construction projects typically require a total deposit of 15–20% paid in stages over 18–24 months, but the specific milestones vary by builder and project. Contact PreconFactory for Observatory Hill's current deposit structure.
When is the occupancy date for Observatory Hill?
Occupancy for Observatory Hill has not been publicly confirmed by Regal Crest Homes yet. Pre-construction projects in Richmond Hill typically deliver within 3–5 years of launch, but the exact date will be set in the Agreement of Purchase and Sale. Contact PreconFactory for the latest timeline.
Are assignment sales allowed at Observatory Hill?
Assignment policy is set project-by-project by Regal Crest Homes. Many GTA pre-construction projects permit assignments (sometimes for a fee, sometimes free as a VIP incentive), but this is confirmed in the purchase agreement. Ask PreconFactory before you sign so we can confirm the current terms for Observatory Hill.
What are the closing costs for Observatory Hill?
Plan for roughly 3–5% of the purchase price in closing costs, including Land Transfer Tax (Ontario and, in Toronto, municipal LTT — first-time buyer rebates may apply), legal fees ($1,500–$2,500), development levies, and Tarion warranty enrolment. The exact levy caps and adjustments vary per project — PreconFactory can walk you through the current numbers for Observatory Hill.
Is Observatory Hill a good investment?
Observatory Hill by Regal Crest Homes is priced at Contact for Pricing in Richmond Hill. Whether it's a fit depends on your budget, timeline, financing, and rental/hold plans — pre-construction returns are leveraged (you commit ~20% over two years) but not guaranteed. Contact PreconFactory for an ROI breakdown specific to your situation.
How do I buy Observatory Hill?
Register with PreconFactory for VIP Platinum access to Observatory Hill. You'll receive available floor plans, current developer incentives, mortgage broker introductions, and lawyer referrals. Our buyer service is free — the builder pays the buying agent's commission.
Who represents buyers at Observatory Hill?
PreconFactory is a licensed Ontario real estate brokerage offering Platinum-access representation on Observatory Hill and other GTA pre-construction projects. We negotiate on price, capped development levies, assignment rights, and upgrades on your behalf.
Helpful guides for buyers
First-Time Buyer Guide
Government incentives, deposit structures, and the step-by-step buying process.
Read guideMortgage Calculator
Estimate monthly payments, stress test qualification, and CMHC insurance.
Read guideLand Transfer Tax
Calculate closing costs including Ontario and Toronto LTT rebates.
Read guideInvestor's Handbook
ROI strategies, assignment sales, and cash-flow analysis for investors.
Read guideOther pre-construction in Richmond Hill
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