
8 Gallacher Avenue, Richmond Hill
Richmond Hill
$1,648,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
3
Days on Market
71
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Nestled in the prestigious Oak Ridges community on a premium 75 x 200 ft regular lot surrounded by multi-million-dollar custom estates, this exceptional property offers endless opportunities for investors, builders, and end-users alike. Move in, generate rental income, or build your dream custom luxury mansion in one of Richmond Hill's most sought-after neighbourhoods. The spacious home features multiple living areas including a family room, combined living/dining room, and a large great room addition with soaring cathedral ceilings. Several principal rooms have been converted into additional bedrooms, maximizing income potential and flexibility for large or multi-generational families. The eat-in kitchen includes upgraded stainless steel appliances, breakfast bar, pantry cupboards, and a main floor laundry room with separate side entrance. The finished basement with 3-piece washroom provides additional living space and versatility. Outside, enjoy a beautifully landscaped park-like backyard, terrace, and an extended driveway with parking for up to 7 vehicles. Ideally located minutes to Yonge Street, top-rated schools, parks, shopping, Lake Wilcox, Oak Ridges Community Centre, and transit. A rare opportunity to own a premium lot with outstanding future redevelopment and income potential. 1 year Canadian Home Shield SafeCloseTM Home Systems & Appliance Warranty Coverage.
MississaugaInvestor.ca
8 Gallacher Avenue
Detached · 6bd/3ba · ~2,250 sqft
$1,648,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.3%
Monthly Cash Flow
-$4,430/mo
Estimated Rent
$6,045/mo
Cash-on-Cash
-14.68%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,045 |
| Mortgage | −$7,586 |
| Property Tax | −$989 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,373 |
| Vacancy (5%) | −$302 |
| Cash Flow | -$4,430/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$72,540 |
| Vacancy (5%) | −$3,627 |
| Property Tax | −$11,866 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$16,480 |
| Annual NOI | $37,867 |
| Cap Rate | 2.3% |
Cash Required to Close
| Down Payment (20%) | $329,600 |
| Ontario Land Transfer Tax | $29,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $362,035 |
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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