
37 Maple Grove Avenue, Richmond Hill
Richmond Hill
$2,799,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
6
Days on Market
25
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$5,600/mo
Estimated from market price-to-rent ratios
Remarks
This 4,500 sq.ft. custom built home is on a large .576 acre treed lot measuring 79.76 ft., frontage & 315.29 ft., in depth (giving you a future rear lot potential. Ask your broker for more info.) The 1,500 sq.ft. basement is completely finished including your own professional theatre with 7 leather seats. This will give you 6,000 sq.ft., of living space with 21 rooms. The yard features a 36 ft. x 30 ft. brick building which is being used for a workshop/garage with a 100 amp service, Town water & sewers, forced air gas heating & bathroom. The building could easily be converted into a guest house if required. The previous owner of this home was a major home builder & built this home for his own use. He spared no expense on building materials & upgrades. The home features granite flooring from the two storey high front entrance foyer, through the hallways and into the two kitchens. The kitchens feature high end Wolf appliances, sub zero fridge, & freezer, granite counter tops & more. The huge breakfast area & formal dining room with marble floors is large enough for any large family & guests. The home features crown moulding & pot lights throughout, 2 high efficiency gas furnaces, 400 amp. Electrical service & over sized 1" water main, designer water facet sets throughout & more. Recent upgrade is an entire new roof done in 2022. Possible VTB mortgage from seller to be negotiated. The Town of Richmond Hill has started to upgrade the street & will be installing sidewalks & filling in ditches. The work is underway at the west end of Maple Grove Avenue.
MississaugaInvestor.ca
37 Maple Grove Avenue
Detached · 4bd/6ba · ~4,250 sqft
$2,799,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.46%
Monthly Cash Flow
-$11,800/mo
Estimated Rent
$5,600/mo
Cash-on-Cash
-22.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,600 |
| Mortgage | −$12,883 |
| Property Tax | −$1,679 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$2,333 |
| Vacancy (5%) | −$280 |
| Cash Flow | -$11,800/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$67,200 |
| Vacancy (5%) | −$3,360 |
| Property Tax | −$20,153 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$27,990 |
| Annual NOI | $12,997 |
| Cap Rate | 0.46% |
Cash Required to Close
| Down Payment (20%) | $559,800 |
| Ontario Land Transfer Tax | $56,450 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $619,250 |
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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