805- 398 Highway 7 N/A, Richmond Hill
Richmond Hill
$719,900
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
17
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Valleymede Tower - one of the newest buildings in the neighbourhood! This stunning 2-bedroom + den, 2-bathroom unit offers an open-concept layout that is both bright and spacious. Enjoy unobstructed views and modern finishes, including laminate floor throughout, quartz kitchen counter tops and convenient under-cabinet sensor lights. Located with easy access to Hwy 404 & 407, and just steps away from shopping, restaurants, Viva/YRT transit, and all everyday amenities - this home truly has it all. Don't miss out on this perfect blend of comfort and convenience!
MississaugaInvestor.ca
805- 398 Highway 7 N/A
Condo Apartment · 3bd/2ba · ~950 sqft
$719,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.8%
Monthly Cash Flow
-$2,235/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-16.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$3,314 |
| Property Tax | −$432 |
| Insurance | −$225 |
| Condo Fee | −$924 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$2,235/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$5,183 |
| Insurance | −$2,700 |
| Condo Fee | −$11,088 |
| Annual NOI | $12,949 |
| Cap Rate | 1.8% |
Cash Required to Close
| Down Payment (20%) | $143,980 |
| Ontario Land Transfer Tax | $10,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $157,853 |
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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