246 Zelda Crescent, Richmond Hill
Richmond Hill
$999,000
Cash flow, cap rate & mortgage breakdown
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Listed by PAUL ZAMMIT REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
3
Days on Market
22
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,550/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully renovated semi-detached bungalow in the highly desirable Crosby community. Thoughtfully updated from top to bottom, this move-in-ready home showcases stylish finishes, modern upgrades, and exceptional versatility. The fully finished basement features two self-contained suites with separate entrances, offering excellent potential for multi-generational living or generating rental income. Even better, the basement comes fully furnished, making it turnkey and ready to be leased immediately. Step outside to enjoy the sun-filled, south-facing backyard-perfect for entertaining, gardening, or simply relaxing in the sunshine throughout the day. Ideally located close to top-rated schools, parks, shopping, public transit, the GO Station, and all essential amenities, this home presents an outstanding opportunity to own a versatile property in one of Richmond Hill's most established and sought-after neighbourhoods. **OPEN HOUSE SAT & SUN 2-4 P.M.**
MississaugaInvestor.ca
246 Zelda Crescent
Semi-Detached · 4bd/3ba · ~900 sqft
$999,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.06%
Monthly Cash Flow
-$2,883/mo
Estimated Rent
$3,550/mo
Cash-on-Cash
-15.78%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,550 |
| Mortgage | −$4,598 |
| Property Tax | −$599 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$178 |
| Cash Flow | -$2,883/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,600 |
| Vacancy (5%) | −$2,130 |
| Property Tax | −$7,193 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,990 |
| Annual NOI | $20,587 |
| Cap Rate | 2.06% |
Cash Required to Close
| Down Payment (20%) | $199,800 |
| Ontario Land Transfer Tax | $16,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,255 |
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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