
46 Roosevelt Drive, Richmond Hill
Richmond Hill
$3,788,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
121
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$6,250/mo
Estimated from market price-to-rent ratios
Remarks
1/2-acre lot available in South Richvale! Interested in building your own home? Discover this beautiful 1/2-acre lot available for sale in the exclusive community of South Richvale in Richmond Hill. This property is set back on a quiet section of the street conveniently located 5 minutes away from the Shuttle-direct to Pearson Airport, and four major transportation arteries (Yonge Street, Hwy7, 404 & 407). This old established neighbourhood is undergoing rapid change with older homes being bought up and replaced with custom-built multi-million-dollar mansions. This property is one of a few remaining large 1/2 acre lots available for sale in this prestigious South Richvale community. Boasting 100 feet width x 232.8 feet depth, this lot could accommodate a magnificent gated-stately Mansion, circular driveway, pool, and plenty of land to spare for your exclusive peace and privacy. There are no houses up against the back of this property; the house on the property behind is set an acre distance away, giving you an acre of depth between the two houses. Area by-laws allow this property to be subdivided into two separate 1/4-acre estate lots, or the property could serve as an investment in real estate $$$ in one of the best areas of South Richmond Hill/Richvale. Although there are commonly 50-foot-wide properties throughout the cities, the reality about large parcels of land is once they're gone, they're gone. This is an opportunity to build your dream home, entirely to your specifications. Rendered photos are provided for inspiration, showcasing the potential to build one expansive custom home or two separate residences on this unique lot.
MississaugaInvestor.ca
46 Roosevelt Drive
Detached · 3bd/2ba · ~1,300 sqft
$3,788,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.09%
Monthly Cash Flow
-$17,154/mo
Estimated Rent
$6,250/mo
Cash-on-Cash
-24.45%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,250 |
| Mortgage | −$17,436 |
| Property Tax | −$2,273 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$3,157 |
| Vacancy (5%) | −$313 |
| Cash Flow | -$17,154/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$75,000 |
| Vacancy (5%) | −$3,750 |
| Property Tax | −$27,274 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$37,880 |
| Annual NOI | $3,396 |
| Cap Rate | 0.09% |
Cash Required to Close
| Down Payment (20%) | $757,600 |
| Ontario Land Transfer Tax | $81,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $841,775 |
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
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