
301- 326 Major Mackenzie Drive, Richmond Hill
Richmond Hill
$650,000
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
18
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this rarely offered, beautifully maintained suite in sought-after Major Mackenzie Square! Offering approximately 1,300 sq. ft. of bright, functional living space, this spacious 2-bedroom + den, 2-bathroom condominium is ideal for homeowners and investors alike. The thoughtfully designed layout features generous principal rooms, abundant natural light, and an updated 4 piece ensuite bathroom. Enjoy an exceptional lifestyle with an impressive selection of premium building amenities, including indoor pool, sauna, tennis courts, games room, guest suites, a great library, car wash area, and a recently renovated rooftop terrace. The building also features brand-new elevators and a beautifully updated lobby. Ideally situated close to Richmond Hill GO Station, Mackenzie Health Hospital, excellent schools, shopping, parks, and recreation centers, this exceptional location offers outstanding convenience. All utilities are included in the maintenance fees. Don't miss this fantastic opportunity to own a spacious, move-in-ready suite in one of Richmond Hill's most desirable condominium communities!
MississaugaInvestor.ca
301- 326 Major Mackenzie Drive
Condo Apartment · 3bd/2ba · ~1,300 sqft
$650,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.88%
Monthly Cash Flow
-$2,513/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-21.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$2,992 |
| Property Tax | −$390 |
| Insurance | −$225 |
| Condo Fee | −$1,471 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$2,513/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$4,680 |
| Insurance | −$2,700 |
| Condo Fee | −$17,652 |
| Annual NOI | $5,748 |
| Cap Rate | 0.88% |
Cash Required to Close
| Down Payment (20%) | $130,000 |
| Ontario Land Transfer Tax | $9,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,475 |
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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