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    398 Highway 7 & 396 Highway 7

    Valleymede Towers Condos
    9for Sale
    2for Rent

    Building Highlights

    Property Type:

    Condo

    Number of Storeys:

    15

    Number of Units:

    308

    Condo Completion:

    2020

    Condo Demand:

    Low

    Unit Size Range:

    539 - 2,200 SQFT

    Unit Availability:

    Low

    Property Management:

    Times Property Management

    Amenities

    Rec Room
    Indoor Parking
    Guest Suites
    Security System
    Concierge
    Games Room
    Party Room
    Gym Room
    Visitor Parking

    About 398 Highway 7Valleymede Towers Condos

    Valleymede Towers Condos stands 15 storeys tall at 396 Highway 7, 398 Highway 7 and contains 308 units. This Richmond Hill condo was completed in 2020 by Times Group Corporation . Suite sizes range from 539 square feet to 2200 square feet.

    This condo has a Walk Score of 75 and a low demand ranking, based on Strata.ca’s analytics. Maintenance fees at 396 Highway 7, 398 Highway 7 are $0.90 per-square-foot, which is notably higher than the city average of about $0.67.

    The Suites

    Here are some stats that would interest renters or buyers at 396 Highway 7, 398 Highway 7: 6 units have been sold in the past 12 months, and 17 units have been rented over the same period.

    In terms of price per-square-foot, the average cost is $886 and units tend to sell for -2.88% below the list price. Units at 396 Highway 7, 398 Highway 7 have a low probability of receiving more than one offer. On average, a suite will spend 39 days on the market.

    The Neighbourhood

    Living here means you’re just a 6-minute walk from Popeyes Louisiana Kitchen, Ten Ren's Tea and Tim Hortons, making it easy to dazzle your taste buds without much effort. There’s always time for coffee with McDonald's, Machi Machi and Now Tea Commerce Gate a short 11-minute walk away.

    There are a number of grocery stores within a short drive, including Takchong Food Mart and Bayview Food Mart.

    Valleymede Towers Condos is a great choice for residents who are money conscious — with banks like Scotiabank and HSBC Bank nearby.

    Everyone can benefit from sunshine and Vitamin D, so you’ll love to know that Dollar Hamlet Park, Suncrest Park and Red Oak Parkette are less than 8 minutes walking distance from 396 Highway 7, 398 Highway 7.

    Enhance your personal style while living in the Doncrest neighbourhood by visiting Doncrest Market Place, The Galleria Shoppes and Jubilee Square.

    If you're open to commuting, a quick transit ride offers even more options, including My Math Centre and St. Robert Catholic High School.

    Transportation

    Taking public transit? The nearest light transit stop is Highway 7 / Times Av. Those who live in the area can easily drive to Finch Station, just 20 minutes from the building.

    Curious about similar condos in the area? Check out 372-382 Highway 7, 62 Suncrest Boulevard and 370 Highway 7 — all within walking distance.

    Maintenance Fees

    Included in Fees
    Heat
    Air Conditioning
    Not Included
    Hydro
    Water

    Listing History for Valleymede Towers Condos

    Apr 04, 202570 days on Strata
    terminated

    $799,800
    311 - 398 Highway 7 E
    2 + 1
    2
    1
    955 Sqft
    View
    Mar 28, 202551 days on Strata
    terminated

    $688,000
    603 - 398 Highway 7 E
    2 + 1
    2
    1
    1000 Sqft
    View
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    9

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    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    5/10
    Transit
    It's a dice roll — but hey, sometimes you roll a six!
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    28,740
    Average Individual Income
    $83,140
    Average Household Size
    2 persons
    Average Age
    44
    Average Household Income
    $148,314
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    20%
    20 - 34
    18%
    35 - 49
    22%
    50 - 64
    22%
    65+
    14%
    Household Income
    $0 - $30,000
    40%
    $30,000+
    22%
    $60,000+
    16%
    $90,000+
    11%
    $125,000+
    8%
    Housing Types & Tenancy
    Detached
    78%
    Semi Detached
    12%
    Duplex
    3%
    Low Rise Apartment
    2%
    High Rise Apartment
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    86%
    Other
    8%
    Mandarin
    3%
    Cantonese
    2%
    Russian
    1%
    Education
    High School
    29%
    University and Above
    27%
    College
    20%
    None
    15%
    Apprenticeship
    5%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    19%
    Social Sciences
    14%
    Health & Related Fields
    11%
    Personal, Protective & Transportation Services
    5%
    Humanities
    5%
    Math & Computer Sciences
    5%
    Education
    5%
    Physical Sciences
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%



    Days on Strata

    Units at Valleymede Towers Condos spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Doncrest

    Turnover of Units

    On average, each unit is owned for
    5
    YEARS before being sold again

    Property Value

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 12 condos in the Doncrest area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    17
    Units were Rented over the past twelve months

    Best Value Rank

    Valleymede Towers Condos offers the
    ?
    best value out of 12 condos in the Doncrest neighbourhood

    Appreciation Rank

    Valleymede Towers Condos has the
    ?
    highest ROI out of 12 condos in the Doncrest neighbourhood

    Rental Yield

    Valleymede Towers Condos yields the
    ?
    highest rent prices out of 12 condos in the Doncrest neighbourhood

    High Demand

    Valleymede Towers Condos is the
    ?
    most popular building out of 12 condos in the Doncrest neighbourhood

    Market Insights

    Transaction Insights at Valleymede Towers Condos

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$747,500$615,000 - $633,000No Data$760,000 - $910,000No Data
    Avg. Cost Per Sqft$881$1,045No Data$787No Data
    Avg. Wait for Unit Availability1241 Days84 Days139 Days109 Days55 Days
    Ratio of Units in Building13%40%17%28%5%

    Market Inventory

    Total number of units listed and sold in Doncrest