
16 Gracedale Drive, Richmond Hill
Richmond Hill
$2,499,800
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ABOUTOWNE REALTY CORP.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
5
Days on Market
31
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$5,550/mo
Estimated from market price-to-rent ratios
Remarks
Nestled On A Rare Premium Ravine Lot With Peaceful Stunning Pond Views In The Prestigious Westbrook Community Of Richmond Hill / York Region, This Exceptional Home Offers Approximately 4,800 Sq. Ft. Of Luxurious Living Space, Including A 1,300 Sq. Ft. Finished Walk-Out Basement. Freshly Painted Throughout, The Home Features 10-Ft Ceilings On The Main Floor And 9-Ft Ceilings On The Second Floor And Basement, Creating A Bright, Open, And Spacious Atmosphere. Boasting 5 Generously Sized Bedrooms Upstairs, This Home Is Perfect For Growing Families. The Finished Walk-Out Basement Extends Seamlessly To A Beautiful Backyard Retreat, Ideal For Entertaining Or Relaxing Surrounded By Nature. Loaded With Premium Upgrades Including Hardwood Flooring Throughout, Smooth Ceilings, An Upgraded Eat-In Kitchen With Centre Island, Granite Countertops In The Kitchen And Washrooms, Elegant Upgraded Staircase And Railings, And The Added Benefit Of No Sidewalk, Allowing Parking For 4 Cars On The Driveway. Unbeatable Location. Steps To Yonge St., Transit, Parks, Shops, Restaurants. Located Within York Region's Highly Desirable Family Community And Private School Corridor, With Convenient Access To Top Private School Options In Richmond Hill, Including Holy Trinity School(HTS), Montessori, and Aurora's Well-Known Boys' School, St. Andrew's College(SAC).
MississaugaInvestor.ca
16 Gracedale Drive
Detached · 5bd/5ba · ~3,250 sqft
$2,499,800
Cash-Flow Report · July 31, 2026
Cap Rate
0.7%
Monthly Cash Flow
-$10,042/mo
Estimated Rent
$5,550/mo
Cash-on-Cash
-21.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,550 |
| Mortgage | −$11,506 |
| Property Tax | −$1,500 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$2,083 |
| Vacancy (5%) | −$278 |
| Cash Flow | -$10,042/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$66,600 |
| Vacancy (5%) | −$3,330 |
| Property Tax | −$17,999 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$24,998 |
| Annual NOI | $17,573 |
| Cap Rate | 0.7% |
Cash Required to Close
| Down Payment (20%) | $499,960 |
| Ontario Land Transfer Tax | $48,970 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $551,930 |
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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