261 Richmond Street, Richmond Hill
Richmond Hill
$1,105,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE EAGLE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Perfectly Situated 3+1 Bedroom Detached Home In Prestigious Mill Pond * Rare Premium 62 x 147 Ft Lot With South Exposure * Sun-Filled Family Room W/ Wide Plank Espresso Hardwood Floors, Custom Built-Ins & Modern Marble-Style Fireplace Multi-Use Main Floor Room W/ Custom Murphy Bed and Large Dual Windows - Ideal For In-Law Suite or Home Office * Open Concept Dining Area W/ Pot Lights & Large Sliding Door Walk-Out To Extended Deck * Modern Custom Kitchen W/ Full-Height Cabinetry, Built-In S/S Appliances, Corian Quartz Countertops & Pantry Storage * Modern Glass Panel Staircase W/ Stainless Steel Railings * Primary Bedroom W/ Walk-In Closet * Spa-Inspired Ensuite Featuring Frameless Glass Shower, Double Vanity, Designer Tile & Large Window * Second Bedroom W/ Semi-Ensuite & Backyard Views * Custom Sliding Barn Door To Ample Storage * Separate Finished Basement W/ Full Kitchen, Spacious Rec Area, Bedroom & 4-PC Bath - Ideal For Extended Family Or Income Potential * Private Backyard Oasis W/ Expansive Raised Deck, Permanent Wood Gazebo & Mature Trees * Grid-Connected Roof Solar Panels Helping Reduce Monthly Utility Cost * Exceptional Location In The Heart Of Mill Pond - Walking Distance To Mill Pond Park, Scenic Trails, Top-Rated Schools, Mackenzie Health Hospital & Vibrant Yonge Street Amenities
MississaugaInvestor.ca
261 Richmond Street
Detached · 4bd/3ba · ~1,300 sqft
$1,105,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.87%
Monthly Cash Flow
-$2,440/mo
Estimated Rent
$4,690/mo
Cash-on-Cash
-12.07%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,690 |
| Mortgage | −$5,086 |
| Property Tax | −$663 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$921 |
| Vacancy (5%) | −$235 |
| Cash Flow | -$2,440/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$56,280 |
| Vacancy (5%) | −$2,814 |
| Property Tax | −$7,956 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,050 |
| Annual NOI | $31,760 |
| Cap Rate | 2.87% |
Cash Required to Close
| Down Payment (20%) | $221,000 |
| Ontario Land Transfer Tax | $18,575 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $242,575 |
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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