
26- 115 Avenue Road, Richmond Hill
Richmond Hill
$949,900
Cash flow, cap rate & mortgage breakdown
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Listed by Royal Heritage Realty Ltd
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to the lifestyle you've been waiting for in the heart of sought after Richvale. Tucked away on a quiet dead end street, this beautifully updated 3 bedroom, 3 bathroom townhome offers the perfect blend of privacy, comfort, and convenience. Start your mornings with a walk along nearby trails, spend afternoons at Richvale Community Centre or local parks, and enjoy being just minutes from top rated schools, YRT transit, Hillcrest Mall, and Highway 407. End your day relaxing in the private, west facing backyard while taking in beautiful sunset views. Inside, every update has been thoughtfully designed for both style and function. The bright, modern interior features pot lights throughout and updated light fixtures. The beautifully renovated bathrooms (2024) showcase premium finishes, including quartz countertops, custom solid wood cabinetry, and high end fixtures. The kitchen offers additional custom cabinetry and quartz countertops for exceptional storage and workspace. A full wall of custom built in cabinetry (2024) enhances the spare bedroom, while the finished basement with new flooring (2023) provides even more living space for entertaining, relaxing, or working from home.Meticulously maintained and move in ready, this home also features a new roof (2023), new furnace with humidifier (2025), and new central air conditioning (2025), providing peace of mind for years to come. Complete with an attached garage, low maintenance fees, and plenty of visitor parking, this exceptional home is nestled in one of Richmond Hill's most desirable family neighbourhoods, where community, style, and functionality come together. Whether you're starting a family, downsizing, or simply looking for a turnkey home in an established neighbourhood, this is a place you'll be proud to call home and enjoy for years to come. Every detail has been carefully maintained, allowing you to move in, unpack, and immediately enjoy everything this exceptional community has to offer
MississaugaInvestor.ca
26- 115 Avenue Road
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$949,900
Cash-Flow Report · August 2, 2026
Cap Rate
1.9%
Monthly Cash Flow
-$2,865/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-16.49%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$4,372 |
| Property Tax | −$570 |
| Insurance | −$225 |
| Condo Fee | −$548 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$2,865/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$6,839 |
| Insurance | −$2,700 |
| Condo Fee | −$6,576 |
| Annual NOI | $18,085 |
| Cap Rate | 1.9% |
Cash Required to Close
| Down Payment (20%) | $189,980 |
| Ontario Land Transfer Tax | $15,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $208,453 |
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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