241 Ashlar Road, Richmond Hill
Richmond Hill
$998,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
5
Bathrooms
2
Days on Market
24
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome To This Beautiful Bright And Spacious Newly Renovated Home located in a Highly Desirable Neighbourhood! Separate Entrance To Basement Apartment With a Current Rental Income!! Custom Open Concept Modern Kitchen With Granite Countertops/Island, Pot Lights, And Marble Backsplash. New Kitchen Floor and Counters, New Bathroom, Newer Roof, New AC, New Fence. Oversized Driveway ( 6 Cars) With Detached GARAGE!! Steps to Transit, Schools, Parks, and Shopping. Move-In Ready And Enjoy!
MississaugaInvestor.ca
241 Ashlar Road
Semi-Detached · 5bd/2ba · ~900 sqft
$998,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.32%
Monthly Cash Flow
-$1,837/mo
Estimated Rent
$4,645/mo
Cash-on-Cash
-10.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,645 |
| Mortgage | −$4,594 |
| Property Tax | −$599 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$832 |
| Vacancy (5%) | −$232 |
| Cash Flow | -$1,837/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,740 |
| Vacancy (5%) | −$2,787 |
| Property Tax | −$7,186 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,980 |
| Annual NOI | $33,087 |
| Cap Rate | 3.32% |
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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