Jefferson Heights is a townhome community by Grand Grace Development at Yonge Street and Jefferson Side Road in north Richmond Hill. Unlike most projects on this site, these homes are already built. The builder is selling its final release with closings in 30 to 60 days, starting from $524,990.
Open house: Saturday and Sunday, October 10 and 11, 2026, 11 a.m. to 5 p.m., at 17 Bancroft Lane, Richmond Hill.
What is left and what it costs
| Home | From |
|---|---|
| Modern 2-bedroom, 2-bathroom townhome | $524,990 |
| Double-garage townhome, parking for up to 4 cars | $869,990 |
| Single-garage townhome with backyard | $999,990 |
Across the community, plans run from 2 to 4 bedrooms and roughly 1,000 to 2,970 square feet. Many homes have private rooftop terraces with views toward the Oak Ridges Moraine.
What the final release includes
- Government development charges and additional builder fees waived
- Full appliance package
- Hot water tank and furnace included, so no rental contract
- A 600 square foot rooftop terrace on qualifying homes
- Finished basement
- No interim occupancy fees: you close directly
- Closing in 30 to 60 days
Those last two points are the real difference from a typical pre-construction purchase. With an unfinished condo or townhome you often pay months of occupancy fees before you own the home, and you wait years for it. Our guide to interim occupancy fees shows how much that can cost. Here, you see the finished home, sign, and move in within two months.
Waived development charges matter too. Builder agreements often pass increases in these charges to the buyer at closing. Confirm in writing that none will be added. See how development charges work in the GTA.
Is $524,990 a good price for Richmond Hill?
It is low for a freehold home anywhere in York Region. Across the GTA in August 2026, the average freehold townhouse resold for $882,060. The 2-bedroom homes are the smaller urban townhome plans, so compare the square footage and the monthly cost with a condo. A freehold townhouse usually has a lower or no monthly fee, though some communities charge a small common element fee for shared roads and landscaping. Ask whether one applies.
Because these homes are complete and close quickly, you also need your mortgage approval ready now, not in two years. Check your number with our mortgage stress test guide and see whether the first-time buyer land transfer tax rebate applies to you. Ask the builder whether advertised prices already include any HST rebate, and whether your purchase qualifies.
Location
The community is at the north end of Richmond Hill near Yonge Street and Jefferson Side Road. Summit Golf and Country Club is across the street, and the Oak Ridges Trail is about two minutes away. Farm Boy, No Frills and Sobeys are within about five minutes by car, and Richmond Green Sports Centre and Park is about ten. Yonge Street gives direct transit south toward Highway 7 and the subway, and Highway 404 is a short drive east.
The homes are in the Richmond Hill High School attendance area. Boundaries can change, so confirm the school for your exact address with the York Region District School Board.
Questions to ask at the open house
- Which units are still available, and which are the end units?
- Is there a monthly common element fee?
- Does the rooftop terrace come with your unit, and is a gas line for a barbecue included?
- What is the Tarion warranty start date, given the homes are already built?
- Can the closing date be set to match the sale of your current home?
Browse more new homes and pre-construction projects in the GTA.
Details from Grand Grace Development and HomeLife Landmark Realty Inc., Brokerage, as of October 9, 2026. Prices, availability and incentives change without notice. Renderings are artist’s concepts.
Closing costs at the starting price
Land transfer tax on $524,990 in Richmond Hill is about $6,975, or $2,975 for a first-time buyer after rebates. New homes also carry builder closing adjustments such as development charges, utility connections and Tarion enrolment, which are set out in the agreement and are often capped on request. Have a lawyer review the agreement during the 10-day cooling-off period on a new condominium. The land transfer tax calculator and the HST rebate guide cover the rest.