91 Lucas Street, Richmond Hill
Richmond Hill
$1,488,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
151
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,200/mo
Estimated from market price-to-rent ratios
Remarks
Rare opportunity to Own a charming and well-maintained 3-bedroom bungalow in the heart of Richmond Hill's highly sought-after Mill Pond community. Situated on a premium 60-ft lot, this home offers bright and spacious living and dining areas with large picture windows and fireplace, an updated eat-in kitchen with granite counters, and walk-out to an 18' x 10' sundeck overlooking a beautifully landscaped backyard - a true gardener's paradise. Main floor family/great room plus study/den provide flexible space ideal for families or working from home. Includes 2 parking space and private in-suite laundry for added convenience. Exceptional location at Yonge & Major Mackenzie - steps to Yonge Street transit (including GO and local bus routes), Hillcrest Mall, Richmond Hill Centre for the Performing Arts, grocery stores, restaurants, banks, medical clinics, hospital, parks, schools, and Mill Pond. A rare lease opportunity in a prime central neighbourhood.
MississaugaInvestor.ca
91 Lucas Street
Detached · 4bd/2ba · ~1,750 sqft
$1,488,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.32%
Monthly Cash Flow
-$5,217/mo
Estimated Rent
$4,200/mo
Cash-on-Cash
-19.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,200 |
| Mortgage | −$6,849 |
| Property Tax | −$893 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,240 |
| Vacancy (5%) | −$210 |
| Cash Flow | -$5,217/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$50,400 |
| Vacancy (5%) | −$2,520 |
| Property Tax | −$10,714 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$14,880 |
| Annual NOI | $19,586 |
| Cap Rate | 1.32% |
Cash Required to Close
| Down Payment (20%) | $297,600 |
| Ontario Land Transfer Tax | $26,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $326,835 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.