Richmond Hill, ON
Skylands - Phase 1
From $850,000
3–4 bedsTownhouseMove in 2026
By Times Group Corporation
Richmond Hill, ON · Condo
45 Observatory Lane Condos
Project information updated: Confirm current pricing and availability with the builder.
Renderings and features may vary and are subject to change. Renderings are for illustrative purposes only.
A closer look at 45 Observatory Lane Condos.
- Home type
- Condo
Observatory is located at the heart of the Richmond Hill area, right at Yonge Street and Observatory Lane. The project aims to redevelop the lands with an attractive new 8-story residential building that will urbanize and revitalize the property while sensitively responding to the existing neighboring and open green space context. The midrise building is oriented in a north-south direction and is strategically sculpted to read as three different volumes: the northerly component (“North Block”) with frontage onto Observatory Lane; the southerly component (“South Block”) with views and vistas to Bridgeview Park and a 4-story middle components (the “Bridge”), connecting the North Block and South Block between the 3rd floor and 7th floor.
Project information
45 Observatory Ln, Richmond Hill, ON L4C 8K9, Canada
By Metropole Development Inc.
Location & neighbourhood
Explore the full location guide ↗Richmond Hill|45 Observatory Ln, Richmond Hill, ON L4C 8K9, Canada
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LOCAL MARKET INSIGHTS · SEP 2026
The market around Richmond Hill.
Understand the existing-home market alongside your new-home search. These completed-month observations cover the provider’s Richmond Hill geography across all property types. Builder prices and availability need a separate, current quote.
- Median sold price
- $1,070,000 -9.3% year over year
- Recorded sales
- 165 -11.8% year over year
- Active listings
- 1,029 595 new sale listings that month
- Listing days
- 37 days Provider’s listing-days measure
Compare the home and ownership type
Use the matching resale category as context for size, location and ownership costs.
| Property type | Median sold | Annual change | Sales | Active listings | Monthly rent |
|---|---|---|---|---|---|
| Condo apartments | $546,500 | +5.1% | 32 | 207 | $2,500103 recorded rentals |
What this means for your search. Compare a similar home type first, then account for floor area, age, parking, maintenance fees and the future closing date. Changes in a monthly median also reflect which homes sold; they do not measure same-home appreciation. Recorded rents are historical resale observations, not projected rent for this development.
Explore price and rental history, sales activity, property-type filters and community comparisons in the full market report.
HouseSigma supplied aggregate export, captured 2026-10-24. Latest completed month: Sep 2026. Sale medians and annual price comparisons require at least 5 sales in each relevant month; rents require 5 rentals. Missing observations stay unavailable. These are resale figures, not project sales, appraisals or forecasts. Sources & methodology
Project details
Building & property details
- Selling status
- Pending
- Construction status
- Preconstruction
- Units
- 801
- Storeys
- 28
- Floor plans
- 0
Additional information & categories
- Ownership types
- Condominium
- Google Maps
- View on Map ↗
Developed by
Metropole Development Inc.
Based in Richmond Hill, Ontario
Explore the developers behind 45 Observatory Lane Condos. Team Arora provides independent guidance to help you compare home designs and confirm current pricing, availability and purchase details.
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Ask Team Arora about pricing, availability and incentives at 45 Observatory Lane Condos. We’ll help you compare the options and confirm the details with the builder.
Personalized help
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Pricing & incentives
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Floor plans & brochures
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