307- 326 Major Mackenzie Drive, Richmond Hill
Richmond Hill
$565,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
59
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Mackenzie Square Condominiums. All utilities and cable included in maintenance fees.This bright and spacious 2+1 bedroom, 2-bath suite offers nearly 1,100 sq.ft. of comfortable living space. The versatile den and solarium can easily be converted into additional bedroom, making this layout ideal for families, downsizers, or those working from home.Features a large primary bedroom with a 4-piece ensuite, a rare walk-in pantry, and views of the landscaped grounds. Well-managed building with 24-hour concierge, indoor pool, fitness centre, tennis courts, party room, library, and a renovated pool area coming soon. Maintenance fees include heat, hydro, water, and building insurance
MississaugaInvestor.ca
307- 326 Major Mackenzie Drive
Condo Apartment · 3bd/2ba · ~1,100 sqft
$565,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.44%
Monthly Cash Flow
-$1,923/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-18.64%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$2,601 |
| Property Tax | −$339 |
| Insurance | −$225 |
| Condo Fee | −$1,228 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$1,923/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$4,068 |
| Insurance | −$2,700 |
| Condo Fee | −$14,736 |
| Annual NOI | $8,136 |
| Cap Rate | 1.44% |
Cash Required to Close
| Down Payment (20%) | $113,000 |
| Ontario Land Transfer Tax | $7,775 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $123,775 |
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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