1404- 56 Elizabeth Street, Richmond Hill
Richmond Hill
$715,000
Cash flow, cap rate & mortgage breakdown
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Listed by MASTER`S CHOICE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
101
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,750/mo
Estimated from market price-to-rent ratios
Remarks
Price to Sell!! Great Value in the Heart of Richmond Hill! Less than 1-year-old stacked townhouse within walking distance to Yonge St. This sun-filled west-facing 2+Den (den with doors, ideal as a 3rd bedroom or office) offers a smart, functional layout with an open-concept kitchen, dining, and living area, plus a stylish breakfast island. Includes 1 owned parking. (1 additional parking is rented) . Enjoy the perfect blend of comfort and convenience-nestled in a quiet enclave yet just minutes to vibrant amenities including the library, Wave Pool, arena, hospital, top-rated schools, and GO Transit. A modern lifestyle opportunity not to be missed! 270 Sqf outdoor terrace
MississaugaInvestor.ca
1404- 56 Elizabeth Street
Condo Townhouse · 3bd/3ba · ~1,300 sqft
$715,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.41%
Monthly Cash Flow
-$1,853/mo
Estimated Rent
$2,750/mo
Cash-on-Cash
-14.18%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,750 |
| Mortgage | −$3,291 |
| Property Tax | −$429 |
| Insurance | −$225 |
| Condo Fee | −$520 |
| Vacancy (5%) | −$138 |
| Cash Flow | -$1,853/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,000 |
| Vacancy (5%) | −$1,650 |
| Property Tax | −$5,148 |
| Insurance | −$2,700 |
| Condo Fee | −$6,240 |
| Annual NOI | $17,262 |
| Cap Rate | 2.41% |
Cash Required to Close
| Down Payment (20%) | $143,000 |
| Ontario Land Transfer Tax | $10,775 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $156,775 |
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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