1021- 370 Highway 7 N/A, Richmond Hill
Richmond Hill
$599,800
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
81
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,650/mo
Estimated from market price-to-rent ratios
Remarks
Luxury Condo Building Right On Highway 7. Viva Stops In Front Of Building. Next To Golden Plaza For Doctor's Office, Restaurants, Banks, Etc... High Floor (Sub-Penthouse) With 9' Ceiling, Unobstructed North West View. View Of Cn Tower At Open Balcony. One Bus To York University Or Finch Subway Station Or Go Bus Station. Mins To Highway 407 Or 404. Well Managed With 24 Hours Security And Full Facilities. Future T&T Supermarket across street.
MississaugaInvestor.ca
1021- 370 Highway 7 N/A
Condo Apartment · 3bd/2ba · ~850 sqft
$599,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.32%
Monthly Cash Flow
-$1,601/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-14.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,761 |
| Property Tax | −$360 |
| Insurance | −$225 |
| Condo Fee | −$772 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$1,601/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$4,319 |
| Insurance | −$2,700 |
| Condo Fee | −$9,264 |
| Annual NOI | $13,927 |
| Cap Rate | 2.32% |
Cash Required to Close
| Down Payment (20%) | $119,960 |
| Ontario Land Transfer Tax | $8,471 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,431 |
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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