
326- 3 Ellesmere Street, Richmond Hill
Richmond Hill
$527,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
17
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Spacious, bright and move-in ready! This beautifully maintained, freshly painted 2-bedroom, 2 Full Bathroom condo offering 919 sq ft residence + 44 sq ft balcony offers one of the largest layouts in the building and enjoys spectacular unobstructed views from every room. The open-concept design is filled with natural light and features hardwood flooring, creating a warm and inviting living space. The oversized primary retreat includes a walk-in closet and an upgraded 4-piece ensuite. The versatile second bedroom seamlessly incorporates a dedicated home office and opens onto a private balcony-perfect for working from home or relaxing outdoors. A second upgraded full bathroom adds both comfort and convenience. A rare highlight is the ownership of two underground parking spaces, including one oversized space. Set in a recently remodeled building, this exceptional home is just steps to GO Transit, public transit, shopping, restaurants, theatres, schools and parks, with quick and easy access to Hwy. 407. Combining generous space, flexibility and an outstanding location, this is a home you'll be proud to own.
MississaugaInvestor.ca
326- 3 Ellesmere Street
Condo Apartment · 2bd/2ba · ~950 sqft
$527,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.4%
Monthly Cash Flow
-$1,811/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-18.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,426 |
| Property Tax | −$316 |
| Insurance | −$225 |
| Condo Fee | −$934 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,811/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,794 |
| Insurance | −$2,700 |
| Condo Fee | −$11,208 |
| Annual NOI | $7,378 |
| Cap Rate | 1.4% |
Cash Required to Close
| Down Payment (20%) | $105,400 |
| Ontario Land Transfer Tax | $7,015 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $115,415 |
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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