
11 Pagean Drive, Richmond Hill
Richmond Hill
$1,998,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
39
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,750/mo
Estimated from market price-to-rent ratios
Remarks
Exceptional 4 Bedroom Bungaloft Set On An Enviable 72 Ft Wide Lot On A Quiet Street! This beautifully appointed home offers approximately 3,409 sqft of elegant, well-planned living space. Greeted by a dramatic two-storey foyer with striking chandelier, flowing into a formal dining room with decorative columns and tray ceiling. Rich dark hardwoods and smooth ceilings carry throughout the main level. The inviting great room features a gas fireplace with a decorative surround, oversized windows and a jaw dropping custom chandelier, all open to the upgraded kitchen and eat-in area with walkout to a sunny deck & private backyard. The gourmet kitchen boasts granite countertops, undermount lighting, tile backsplash, built-in stainless steel appliances and a 5-burner gas range. A servery with pantry, built-in wine fridge and china cabinets connects easily to the dining room, ideal for entertaining. The main floor primary suite offers a double-door entry, a generous walk-in closet with organizers and walkout to a private deck. The 5pc ensuite features granite countertops, glass shower and deep soaker tub. A separate main floor bedroom with custom built-ins and Juliette balcony provides flexibility for an office, guest room or multigenerational living. Upstairs are 2 additional bedrooms and spacious open landing overlooking the great room. The unfinished lower level provides natural light through above-grade windows and includes a cold room and rough-in for a bath, an ideal canvas for future expansion. Exterior upgrades include a landscaped backyard with mature evergreens for privacy, interlocking driveway and walkway (recent), fruit-bearing cherry trees and wrought iron fencing. Other features incl EV-ready garage with custom doors & epoxy-coated garage flooring. Located close to Lake Wilcox, Rec Centre, Skate Park, Schools, Community Park and just minutes to Hwy 404. A rare combination of space, style and location!
MississaugaInvestor.ca
11 Pagean Drive
Detached · 4bd/3ba · ~3,250 sqft
$1,998,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.86%
Monthly Cash Flow
-$7,774/mo
Estimated Rent
$4,750/mo
Cash-on-Cash
-21.25%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,750 |
| Mortgage | −$9,197 |
| Property Tax | −$1,199 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,665 |
| Vacancy (5%) | −$238 |
| Cash Flow | -$7,774/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,000 |
| Vacancy (5%) | −$2,850 |
| Property Tax | −$14,386 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$19,980 |
| Annual NOI | $17,084 |
| Cap Rate | 0.86% |
Cash Required to Close
| Down Payment (20%) | $399,600 |
| Ontario Land Transfer Tax | $36,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $439,035 |
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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