1101- 29 Northern Heights Drive, Richmond Hill
Richmond Hill
$420,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY INVESTMENTS GROUP
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
56
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Spacious And Beautifully Updated 1 Bedroom Condo In The Heart Of Richmond Hill! Featuring A Bright And Functional Layout With Hardwood Floors, Upgraded Light Fixtures, A FullyRenovated Kitchen And Bathroom, Quartz Countertop And Backsplash, Custom-Made Closets, And AnOpen Concept Kitchen Overlooking The Living And Dining Area. Enjoy A Large Breakfast Bar,Generous Closet Space, And Two Walk-Outs To A Spacious Balcony. Well-Managed Building With Great Amenities Including Indoor Pool. Maintenance Fees Cover All Utilities, Including Internet. Fantastic Location Within Walking Distance To YongeStreet, Shopping Centres, Restaurants, Transit, And Easy Access To Hwy 404, Hwy 407, And Hwy 7.A Perfect Opportunity For First-Time Buyers, Downsizers, Or Investors!
MississaugaInvestor.ca
1101- 29 Northern Heights Drive
Condo Apartment · 1bd/1ba · ~650 sqft
$420,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.12%
Monthly Cash Flow
-$1,540/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-20.11%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$1,933 |
| Property Tax | −$252 |
| Insurance | −$225 |
| Condo Fee | −$792 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,540/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$3,024 |
| Insurance | −$2,700 |
| Condo Fee | −$9,504 |
| Annual NOI | $4,722 |
| Cap Rate | 1.12% |
Cash Required to Close
| Down Payment (20%) | $84,000 |
| Ontario Land Transfer Tax | $4,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $91,875 |
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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