2801- 58 Elizabeth Street, Richmond Hill
Richmond Hill
$589,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,650/mo
Estimated from market price-to-rent ratios
Remarks
Offer Anytime. Move Anytime. Priced to sell! Come Soon as you will love this apartment style Corner unit stacked town home with everything on the same floor. This luxurious Bright Corner unit comes with 3 Bedrooms | 2 Full Baths | 1,219 sqft + 184 sqft Private Outdoor Porch at High Point Urban Towns - Richmond Hill Nearly New Unit - Under 2 Years Old Upgraded Kitchen: Quartz Counters + S/S Appliances + Centre Island. Open Concept + Large Windows + Hardwood Floors in common areas. Upgraded carpet in Bedrooms. Underground Parking + Private Locker. In-Suite Laundry w/Mop Sink. Prime Location:Quiet cul-de-sac. Minutes to Yonge, Transit, Top Schools, Mackenzie Health, RH Library & Performing Arts. Water, Parking, Locker & Common Elements Maintenance is included in the rent.
MississaugaInvestor.ca
2801- 58 Elizabeth Street
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$589,000
Cash-Flow Report · August 4, 2026
Cap Rate
2.88%
Monthly Cash Flow
-$1,297/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-12.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,711 |
| Property Tax | −$353 |
| Insurance | −$225 |
| Condo Fee | −$525 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$1,297/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$4,241 |
| Insurance | −$2,700 |
| Condo Fee | −$6,300 |
| Annual NOI | $16,969 |
| Cap Rate | 2.88% |
Cash Required to Close
| Down Payment (20%) | $117,800 |
| Ontario Land Transfer Tax | $8,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $129,055 |
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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