
18 Mayvern Crescent, Richmond Hill
Richmond Hill
$1,880,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTRAL HOME REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
25
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,600/mo
Estimated from market price-to-rent ratios
Remarks
Exceptional Opportunity for End-Users, Builders, and Investors! This rare offering features an impressive 80 ft frontage, combining two parcels (50' x 120' + 30' x 120') totaling approximately 9,600 sq. ft. The property presents excellent potential for severance into two 40' x 120' lots, ideal for constructing two separate custom homes, each approximately 3,250 sq. ft. with double car garage. Nestled on a quiet crescent in the highly sought-after North Richvale community of Richmond Hill, the existing residence offers a well-designed layout with spacious living and dining areas, an eat-in kitchen with walk-out to a deck and pergola, and a cozy family room with access to a private, beautifully landscaped backyard featuring a swimming pool. The main floor also includes a full bathroom and convenient side access to the yard. The upper level boasts three generously sized bedrooms and a large, tastefully renovated luxury bathroom. The lower level offers additional living space with a recreation room and an extra bedroom. Numerous upgrades have been completed, including custom European-style wood windows and metal gates. Ideally located close to a golf course, parks, top-rated schools, and shopping amenities. Please note: Photos are from previous listings. The Committee of Adjustment previously granted severance approval; however, it has expired and will require reapplication.
MississaugaInvestor.ca
18 Mayvern Crescent
Detached · 4bd/2ba · ~1,750 sqft
$1,880,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.93%
Monthly Cash Flow
-$7,203/mo
Estimated Rent
$4,600/mo
Cash-on-Cash
-20.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,600 |
| Mortgage | −$8,653 |
| Property Tax | −$1,128 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,567 |
| Vacancy (5%) | −$230 |
| Cash Flow | -$7,203/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,200 |
| Vacancy (5%) | −$2,760 |
| Property Tax | −$13,536 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$18,800 |
| Annual NOI | $17,404 |
| Cap Rate | 0.93% |
Cash Required to Close
| Down Payment (20%) | $376,000 |
| Ontario Land Transfer Tax | $34,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $413,075 |
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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