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    309 Major Mackenzie Drive E

    Cedar Gate Condos
    3for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    10
    Number of Units:
    227
    Condo Completion:
    1990
    Condo Demand:
    Medium
    Unit Size Range:
    730 - 1,447 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Cedar Gate Condos

    Receive listing updates for Observatory | Harding

    Amenities

    Party Room
    Visitor Parking
    Outdoor Pool
    Gym Room
    Sauna
    Squash Court

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Excluded
    None

    About 309 Major Mackenzie Drive ECedar Gate Condos

    Anyone who’s seeking a Richmond Hill condo for sale should consider Cedar Gate Condos at 309 Major Mackenzie Drive E. Cedar-Mac Holdings Ltd. completed this building back in 1990, but unlike other buildings of that age, maintenance fees are on the higher end at $0.88 per-square-foot. The 10-storey building is home to 227 suites with units ranging between 730 and 1447 square feet.

    Maintenance fees at 309 Major Mackenzie Drive E are $0.88 per-square-foot, which is on the higher end compared to the average of about $0.67, however the maintenance fees do include all utilities (usually at least hydro is separate).

    The Suites

    The average cost per-square-foot for units at 309 Major Mackenzie Drive E is $532, based on the past 12 months of sales, and units tend to sell within 20 days of being listed. 3 units have been rented in the previous 12 months, and 9 units have been sold. Suites often sell for -0.58% below the listing price and have a medium chance of receiving multiple offers.

    The Neighbourhood

    Residents at Cedar Gate Condos don’t have to drive more than 2 minutes to get to a variety of popular restaurants, including Muchachos Grill, Original Persian Rice and Yummy Korea. Observatory | Harding has plenty to offer coffee enthusiasts, with great cafes like BB Cafe- Richmond Hill, Zahide and Gate Cafe.

    Grocery shopping is never a chore with stores such as Bismillah Grocers and HaftSeen Super Market in the area.

    Planning for your future is easy with National Bank and CIBC Branch with ATM in the area.

    Having Unity Park, Town Park and William H. Graham Parkette within 16 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Like to shop? Everything you need is close by when you live at 309 Major Mackenzie Drive E, including Richmond Centre and Observatory Place Plaza which are only 4 away.

    When the weekend rolls around, Baadeh art shop are within a short 3-minute drive away.

    Cedar Gate Condos is a short drive away from Discovery Academy Private School, giving you plenty of choice for your child’s education. Families with older children will be happy to know that Richmond Hill Academy, Alexander Mackenzie High School and Farvadin Tutoring | Math, Literacy, Special Education can be reached by car in under 5 minutes.

    Transportation

    Transit users aren’t far from a light transit stop at Richmond Hill Go Station Platform 6. Finch Station is about a 29-minute drive from the building.

    There are several similar condos in the area, such as 175 Cedar Avenue, 326 Major Mackenzie Drive and 10101 Yonge Street — all worth checking out.

    Reviews for Cedar Gate Condos

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    3

    Listings For Sale

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    1

    Listings For Rent

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    Explore Observatory | Harding

    6/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    5/10
    Transit
    It's a dice roll — but hey, sometimes you roll a six!
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar condos

    Demographics

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

    Population
    7,473
    Average Individual Income
    $83,167
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $143,068
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    18%
    35 - 49
    18%
    50 - 64
    26%
    65+
    19%
    Household Income
    $0 - $30,000
    46%
    $30,000+
    21%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    7%
    Housing Types & Tenancy
    Detached
    77%
    Semi Detached
    15%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    81%
    Cantonese
    7%
    Mandarin
    6%
    Other
    6%
    Education
    High School
    28%
    University and Above
    26%
    College
    20%
    None
    16%
    Apprenticeship
    5%
    University Below Batchelor
    1%
    Major Field of Study
    Architecture & Engineering
    19%
    Business Management
    18%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Personal, Protective & Transportation Services
    8%
    Math & Computer Sciences
    6%
    Humanities
    5%
    Education
    5%
    Physical Sciences
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    Cedar Gate Condos vs The Observatory | Harding Area

    Days on Strata

    Units at Cedar Gate Condos spend an average of
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Observatory | Harding

    Turnover of Units

    On average, each unit is owned for
    7.5
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    9th
    Highest price per SQFT out of 13 condos in the Observatory | Harding area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Cedar Gate Condos offers the
    ?
    best value out of 13 condos in the Observatory | Harding neighbourhood

    Appreciation Rank

    Cedar Gate Condos has the
    ?
    highest ROI out of 13 condos in the Observatory | Harding neighbourhood

    Rental Yield

    Cedar Gate Condos yields the
    ?
    highest rent prices out of 13 condos in the Observatory | Harding neighbourhood

    High Demand

    Cedar Gate Condos is the
    ?
    most popular building out of 13 condos in the Observatory | Harding neighbourhood

    Transaction Insights at 309 Major Mackenzie Drive E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$510,000 - $556,000$566,250$565,000$600,000 - $688,000No Data
    Avg. Cost Per Sqft$682$601$487$514No Data
    Avg. Wait for Unit Availability149 Days93 Days179 Days51 Days575 Days
    Ratio of Units in Building10%28%18%42%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in Observatory | Harding