205- 21 Elizabeth Street, Richmond Hill
Richmond Hill
$460,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE GOLCONDA REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
37
Price Drop
8%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this bright and spacious 2-bedroom corner unit featuring a desirable east exposure in a well-maintained, low-rise building with a warm and welcoming community atmosphere. Located in the highly sought-after Mill Pond neighbourhood of Richmond Hill, you'll enjoy easy access to beautiful parks, scenic walking trails, restaurants, and shopping, all just minutes from Yonge Street. The GO Station is only a 15-minute walk away, offering convenient commuting options.This inviting home features a brand-new stainless steel refrigerator, stainless steel range and hood fan, a recently installed stainless steel dishwasher, and a cozy electric fireplace. Offering comfort, convenience, and an exceptional location, this is a wonderful opportunity to enjoy safe, peaceful condo living in one of Richmond Hill's most desirable communities. Recently Renovated, Don't miss it!
MississaugaInvestor.ca
205- 21 Elizabeth Street
Condo Apartment · 2bd/1ba · ~850 sqft
$460,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.29%
Monthly Cash Flow
-$1,238/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-14.76%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,117 |
| Property Tax | −$276 |
| Insurance | −$225 |
| Condo Fee | −$662 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,238/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,312 |
| Insurance | −$2,700 |
| Condo Fee | −$7,944 |
| Annual NOI | $10,554 |
| Cap Rate | 2.29% |
Cash Required to Close
| Down Payment (20%) | $92,000 |
| Ontario Land Transfer Tax | $5,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,675 |
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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