
71 Millman Lane, Richmond Hill
Richmond Hill
$998,000
Cash flow, cap rate & mortgage breakdown
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Listed by T-ONE GROUP REALTY INC.,
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
4
Bathrooms
4
Days on Market
33
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,550/mo
Estimated from market price-to-rent ratios
Remarks
Luxury Ravine-View Townhome In Prestigious Ivylea | Welcome To This Exquisite 3-Storey Freehold Townhouse Nestled In The Prestigious Ivylea Community Of Richmond Hill, Where Modern Elegance Meets Everyday Functionality. Offering 1,920 Square Feet Of Thoughtfully Designed Living Space, This Beautifully Appointed Residence Features 4 Spacious Bedrooms And 4 Luxurious Bathrooms-Perfectly Suited For Growing Families Or Discerning Professionals. | The Ground Level Presents A Private Bedroom Retreat Complete With Its Own Ensuite, Ideal For Guests, Extended Family, Or A Sophisticated Home Office. | Ascend To The Main Level Where Soaring 10-Foot Ceilings Elevate The Open-Concept Living And Dining Space, Bathed In Natural Light And Complemented By Sleek Contemporary Finishes Throughout, Creating An Inviting Atmosphere For Both Everyday Living And Stylish Entertaining. | On The Upper Level, Discover Three Generously Sized Bedrooms, Including A Stunning Primary Suite Featuring His And Hers Walk-In Closets And A Private Walk-Out Balcony With Unobstructed Views-A True Sanctuary Of Comfort And Privacy. | Set Within A Quiet, Family-Oriented Neighbourhood Surrounded By Parks, Scenic Trails, And Lush Green Spaces, This Home Offers Exceptional Convenience With Quick Access To Highway 404, Public Transit, Shopping, Dining, And Top-Ranking Schools. A Rare Offering In One Of Richmond Hill's Most Sought-After Communities-Move-In Ready And Not To Be Missed.
MississaugaInvestor.ca
71 Millman Lane
Att/Row/Townhouse · 4bd/4ba · ~1,750 sqft
$998,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.06%
Monthly Cash Flow
-$2,878/mo
Estimated Rent
$3,550/mo
Cash-on-Cash
-15.77%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,550 |
| Mortgage | −$4,594 |
| Property Tax | −$599 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$832 |
| Vacancy (5%) | −$178 |
| Cash Flow | -$2,878/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,600 |
| Vacancy (5%) | −$2,130 |
| Property Tax | −$7,186 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,980 |
| Annual NOI | $20,604 |
| Cap Rate | 2.06% |
Cash Required to Close
| Down Payment (20%) | $199,600 |
| Ontario Land Transfer Tax | $16,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,035 |
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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