35- 80 McCallum Drive, Richmond Hill
Richmond Hill
$798,800
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 HERITAGE GROUP LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,850/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated condo townhome nestled in a sought-after area of Richmond Hill, backing onto a peaceful ravine setting. Filled with natural light and thoughtfully upgraded throughout, this home offers a warm and inviting layout perfect for comfortable everyday living. The bright living area features pot lights and serene ravine views, while the functional kitchen is ideal for both casual meals and entertaining. Upstairs, you'll find three spacious bedrooms, while the lower level offers a cozy family room complete with built-in bookcases, a bathroom, direct garage access, and a walkout to the backyard ravine - a perfect extension of the living space. Recent improvements include a new deck and fence (2024), interlock with flower boxes (2024), updated dishwasher and microwave (2024), refrigerator (2023), professionally polished flooring (2025), a new powder room vanity (2025), and a new staircase railing (2025). Ideally located near schools, parks, shopping, transit, and everyday amenities, this move-in-ready home combines nature, convenience, and modern comfort in one exceptional package.
MississaugaInvestor.ca
35- 80 McCallum Drive
Condo Townhouse · 3bd/4ba · ~1,500 sqft
$798,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.03%
Monthly Cash Flow
-$2,324/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-15.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$3,677 |
| Property Tax | −$479 |
| Insurance | −$225 |
| Condo Fee | −$650 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$2,324/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$5,751 |
| Insurance | −$2,700 |
| Condo Fee | −$7,800 |
| Annual NOI | $16,239 |
| Cap Rate | 2.03% |
Cash Required to Close
| Down Payment (20%) | $159,760 |
| Ontario Land Transfer Tax | $12,451 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,211 |
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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