
208E- 8868 Yonge Street, Richmond Hill
Richmond Hill
$495,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
PRICED TO SELL FAST! S-P-A-C-I-O-U-S SUITE with 699 SQ/FT + LARGE TERRACE BALCONY! PREMIUM FINISHES + PARKING + LOCKER & HIGH SPEED INTERNET INCLUDED. This unit is PRICED to SELL! Discover elevated condo living at 8868 Yonge Street in the heart of Richmond Hill. This beautifully designed 1 bedroom plus a very SPACIOUS fully enclosed den that can be used as a second Bedroom or large office! This 2-bathroom suite offers a highly functional layout with bright natural light coming in from the large windows, open-concept living and dining area with approximately 9 foot ceilings, ideal for both everyday living and entertaining. The versatile and large size den with frosted sliding doors provides the perfect space for a home office or a private second bedroom. The modern kitchen features sleek and premium finishes, ample cabinetry, quartz countertops, tiled backsplash with under cabinet lighting, stainless steel appliances, upgraded kitchen island with quartz top. The spacious primary bedroom includes a private ensuite, while the second full bathroom adds convenience. Step outside to a oversized and rare (only available for select units) private terrace-perfect for summer entertaining or relaxing outdoors.This unit also includes 1 parking space and a locker conveniently located on the same level, offering practical storage and everyday convenience. Residents enjoy access to luxury building amenities such as a 24-hour concierge desk, rooftop BBQ and terrace, fitness centre, yoga studio, sauna, indoor basketball court, party room, media TV lounge, dog wash station, visitor parking, and more, creating a lifestyle that blends comfort and practicality. The building is also in close proximity to the future Yonge North TTC Subway extension line, Langstaff GO, Hwy 407 & 404, York Region transit and Viva transit, making commuting especially convenient for professionals and families. Offers anytime!
MississaugaInvestor.ca
208E- 8868 Yonge Street
Condo Apartment · 2bd/2ba · ~650 sqft
$495,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.01%
Monthly Cash Flow
-$1,448/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-16.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,278 |
| Property Tax | −$297 |
| Insurance | −$225 |
| Condo Fee | −$690 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,448/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,564 |
| Insurance | −$2,700 |
| Condo Fee | −$8,280 |
| Annual NOI | $9,966 |
| Cap Rate | 2.01% |
Cash Required to Close
| Down Payment (20%) | $99,000 |
| Ontario Land Transfer Tax | $6,375 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $108,375 |
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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