
315 North Lake Road, Richmond Hill
Richmond Hill
$1,579,000
Cash flow, cap rate & mortgage breakdown
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Listed by POWER 7 REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
5
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,300/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 315 North Lake Road-an entertainer's dream in one of Richmond Hill's most sought-after communities, just steps from Lake Wilcox and surrounded by the natural beauty of Jefferson Forest. This stunning 2-storey home offers a bright, sun-filled foyer with oversized windows and a modern open-concept layout designed for both everyday living and hosting.The gourmet chef's kitchen features built-in stainless steel appliances, quartz countertops, a stylish backsplash, and undermount lighting, all seamlessly connected to the main living space and sunken living room with a fireplace. Upstairs, the spacious primary bedroom offers a spa-inspired 5-piece ensuite, creating the perfect private retreat.The fully finished recreation room is ideal for entertaining, complete with a home theatre setup, wet bar, gas fireplace, and a 3-piece bath. Thoughtfully updated throughout, this home showcases modern finishes from top to bottom and has been meticulously maintained.Step outside to a beautifully upgraded backyard featuring a full deck transition from a poured stone patio-perfect for summer gatherings and outdoor relaxation.Enjoy an unbeatable lifestyle just a short walk to Lake Wilcox, with access to parks, trails, a community centre, beach volleyball, and swimming in the summer, plus skating and ice fishing in the winter. Explore scenic mountain biking and walking trails throughout Jefferson Forest, all while benefiting from quick access to Gormley GO Station and Highway 404-just a 5-minute drive away. Experience the charm of cottage-style living with all the conveniences of the city nearby.
MississaugaInvestor.ca
315 North Lake Road
Detached · 4bd/5ba · ~2,750 sqft
$1,579,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.21%
Monthly Cash Flow
-$5,671/mo
Estimated Rent
$4,300/mo
Cash-on-Cash
-19.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,300 |
| Mortgage | −$7,268 |
| Property Tax | −$947 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,316 |
| Vacancy (5%) | −$215 |
| Cash Flow | -$5,671/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$51,600 |
| Vacancy (5%) | −$2,580 |
| Property Tax | −$11,369 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,790 |
| Annual NOI | $19,161 |
| Cap Rate | 1.21% |
Cash Required to Close
| Down Payment (20%) | $315,800 |
| Ontario Land Transfer Tax | $28,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $346,855 |
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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