508- 350 Red Maple Road, Richmond Hill
Richmond Hill
$428,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXCEL REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
20
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To The Prestigious Vineyards Community! This Bright And Spacious Split 2-Bedroom, 2-Bathroom Suite Offers An Exceptional Open-Concept Layout With Desirable South Exposure, Filling The Home With Natural Light Throughout The Day.846 Sf . Thoughtfully Designed For Maximum Privacy, The Split Bedroom Floor Plan Is Perfect For Families, Professionals Or Downsizers. Spacious Living & Dining Area Features Gleaming Laminate Flooring And Walk-Out To A Large Private Balcony, Ideal For Relaxing Or Entertaining. Functional Kitchen Overlooks The Living Space, While The Generous Primary Bedroom Offers A Full Ensuite Bath. Well-Maintained Luxury Building With 24-Hour Gated Security And Outstanding Amenities Including Indoor Pool, Fitness Centre, Sauna, Party Room, Guest Suites, Tennis Court, Rooftop Terrace, Visitor Parking And Beautifully Landscaped Grounds. Located In The Heart Of Richmond Hill's Highly Sought-After Langstaff Community, Just Steps To Yonge Street, Hillcrest Mall, Restaurants, Cafes, Parks, Schools, Viva & YRT Transit, Richmond Hill GO Station And Minutes To Highways 7 & 407. An Outstanding Opportunity For First-Time Buyers, Downsizers Or Investors Seeking Comfort, Convenience And Exceptional Value In One Of Richmond Hill's Most Desirable Communities.Starting from August 1st,2026,the maintenance fee will be $926.46
MississaugaInvestor.ca
508- 350 Red Maple Road
Condo Apartment · 2bd/2ba · ~850 sqft
$428,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.65%
Monthly Cash Flow
-$1,383/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-17.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$1,970 |
| Property Tax | −$257 |
| Insurance | −$225 |
| Condo Fee | −$926 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$1,383/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$3,082 |
| Insurance | −$2,700 |
| Condo Fee | −$11,112 |
| Annual NOI | $7,046 |
| Cap Rate | 1.65% |
Cash Required to Close
| Down Payment (20%) | $85,600 |
| Ontario Land Transfer Tax | $5,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $93,635 |
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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