
82 Justus Drive, Richmond Hill
Richmond Hill
$1,699,000
Cash flow, cap rate & mortgage breakdown
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Listed by CANADA GEM REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
7
Bathrooms
4
Days on Market
27
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,700/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome to this exceptional builder's model home in one of Richmond Hill's most desirable neighbourhoods. Situated on one of the area's largest and most private lots, this meticulously maintained 4+3 bedroom residence offers outstanding living space and income potential, Total finish sq. ft 4,469, include professionally finished 1,495 sq. ft. walk-out basement apartment featuring a separate entrance.The bright lower level includes a fully self-contained 3-bedroom suite complete with a kitchen, living area, 3-piece bathroom, and private laundry, making it ideal for extended family, in-law living, or rental income. Designed for both everyday comfort and entertaining, the home features soaring ceilings, an open-concept layout, and numerous upgrades throughout. The beautifully renovated gourmet kitchen showcases premium finishes, high-end appliances, and a spacious breakfast area. Walk out to a private deck and oversized gazebo overlooking the fully fenced backyard with quality interlocking stonework, creating the perfect setting for family gatherings and summer entertaining. The elegant living room offers ample space for hosting guests, while the inviting family room features a cozy fireplace. The luxurious primary suite includes a walk-in closet and a spa-inspired 5-piece ensuite. The basement also offers a den, high ceilings, and a private interlocked walkway to its separate entrance. Conveniently located within walking distance to Yonge Street, Bernard Terminal, Viva and GO Transit, shops, parks, and top-rated schools. Enjoy quick access to Highway 404, Mackenzie Health Richmond Hill Hospital, and Richmond Green Sports Centre & Park. A rare opportunity to own a spacious, move-in-ready home combining luxury, privacy, convenience, and exceptional income potential.
MississaugaInvestor.ca
82 Justus Drive
Detached · 7bd/4ba · ~2,750 sqft
$1,699,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.38%
Monthly Cash Flow
-$4,448/mo
Estimated Rent
$6,350/mo
Cash-on-Cash
-14.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,350 |
| Mortgage | −$7,820 |
| Property Tax | −$1,019 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,416 |
| Vacancy (5%) | −$318 |
| Cash Flow | -$4,448/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$76,200 |
| Vacancy (5%) | −$3,810 |
| Property Tax | −$12,233 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$16,990 |
| Annual NOI | $40,467 |
| Cap Rate | 2.38% |
Cash Required to Close
| Down Payment (20%) | $339,800 |
| Ontario Land Transfer Tax | $30,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $373,255 |
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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