905- 18 HARDING Boulevard, Richmond Hill
Richmond Hill
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by KW Living Realty
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
7
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Stunning 1+1 apartment in high demand location. New Wood floor throughout, new quartz countertop kitchen with S.S appliances. Amenities includes: Gym, concierge, party room, meeting / function room, visitor parking and a security guard. Walk to plaza, library, T&T supermarket, parks, bus etc....
MississaugaInvestor.ca
905- 18 HARDING Boulevard
Condo Apartment · 2bd/1ba · ~650 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.4%
Monthly Cash Flow
-$1,300/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-14.28%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,297 |
| Property Tax | −$299 |
| Insurance | −$225 |
| Condo Fee | −$569 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,300/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,593 |
| Insurance | −$2,700 |
| Condo Fee | −$6,828 |
| Annual NOI | $11,959 |
| Cap Rate | 2.4% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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