
84 Riley Reed Lane, Richmond Hill
Richmond Hill
$1,025,000
Cash flow, cap rate & mortgage breakdown
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Listed by KELLER WILLIAMS EMPOWERED REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,200/mo
Estimated from market price-to-rent ratios
Remarks
Benefit from an exceptional location near TOP-RANKED schools, including Richmond Green Secondary and Thornlea Secondary. Welcome to this exquisite three-storey townhome in the highly sought-after Richlands community, masterfully crafted by award-winning Arista Homes. Daily essentials are within easy reach, minutes to Costco, Walmart, and Sobeys. Commuting is effortless with quick access to Highway 404, 7 minutes to Gormley, and close to Richmond Hill GO Stations and major transit routes. This residence showcases refined family living, blending modern architectural excellence with the warmth of a vibrant Rural Richmond Hill neighborhood. The interior is defined by soaring 9-foot ceilings on both the main and upper levels, creating a bright and airy atmosphere throughout. The chef-inspired kitchen offers a quartz countertop and island, stylish backsplash, upgraded cabinetry, Italian tile flooring, and upgraded appliances, including fridge, stove, hood fan, dishwasher, washer, and dryer. Upgraded faucets and mixers add a refined touch. The open-concept layout flows to a large private balcony, perfect for relaxing or entertaining. The second level features three spacious bedrooms and two full bathrooms with double showers, plus an upgraded powder room sink and economy flush tanks. Nearby, Richmond Green Sports Centre and Park offers year-round recreation with sports fields, trails, and community facilities, while the future North Leslie Community Park East will further enrich the area with expanded green space and outdoor amenities. A rare opportunity to enjoy elevated living in one of Richmond Hill's most desirable communities. This is one you won't want to miss!
MississaugaInvestor.ca
84 Riley Reed Lane
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$1,025,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.58%
Monthly Cash Flow
-$3,372/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-17.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$4,718 |
| Property Tax | −$615 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$854 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$3,372/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$7,380 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,250 |
| Annual NOI | $16,150 |
| Cap Rate | 1.58% |
Cash Required to Close
| Down Payment (20%) | $205,000 |
| Ontario Land Transfer Tax | $16,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $224,975 |
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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