
625- 2 David Eyer Road, Richmond Hill
Richmond Hill
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE VISION REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
42
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,750/mo
Estimated from market price-to-rent ratios
Remarks
Experience elevated condo living at Elgin East! This stunning 2-Bedroom + Den, 2-Full Bathroom suite offers an exceptional blend of style, space, and functionality in one of Richmond Hill's most desirable communities. Featuring a bright open-concept layout, the upgraded kitchen is designed to impress with a centre island, premium finishes, and seamless flow into the spacious living and dining areas-perfect for both everyday living and entertaining. Enjoy breathtaking west-facing sunset views from the expansive 210 sq. ft. wrap-around balcony, while also taking in additional south and north exposures that flood the suite with natural light throughout the day. The versatile den is generously sized and ideal as a home office, guest room, or potential third bedroom. The thoughtfully designed split-bedroom floor plan offers privacy and comfort, complemented by two full bathrooms and modern finishes throughout. Included for added convenience are one underground parking space and a locker for extra storage. Located in the highly sought-after Elgin East community, residents enjoy luxury amenities and a prime Richmond Hill location close to parks, trails, shopping, dining, public transit, and major commuter routes. A rare opportunity to own a bright, spacious, and beautifully upgraded suite with spectacular panoramic views. "Virtual Staging used. Not to scale"
MississaugaInvestor.ca
625- 2 David Eyer Road
Condo Apartment · 3bd/2ba · ~950 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.06%
Monthly Cash Flow
-$2,020/mo
Estimated Rent
$2,750/mo
Cash-on-Cash
-15.82%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,750 |
| Mortgage | −$3,217 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$771 |
| Vacancy (5%) | −$138 |
| Cash Flow | -$2,020/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,000 |
| Vacancy (5%) | −$1,650 |
| Property Tax | −$5,033 |
| Insurance | −$2,700 |
| Condo Fee | −$9,252 |
| Annual NOI | $14,365 |
| Cap Rate | 2.06% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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