1003- 330 Red Maple Road, 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
4
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
Discover this immaculate new and fully renovated, two-bedroom residence at The Vineyards in Richmond Hill, offering an inviting open-concept layout framed by breathtaking, unobstructed western views. Premium hardwood floors flow seamlessly through the living areas and generously sized bedrooms, including a large primary suite boasting an oversized walk-in closet. The kitchen is fully equipped with NEW stainless steel appliances and daily convenience is enhanced by a full-sized, front-loading washer and dryer. Ideally situated just steps from Hillcrest Mall, top-rated schools, a community center, and endless local shops and entertainment, this home also makes commuting effortless with quick access to the GO train, VIVA bus line, and major routes including Highways 407 and 7, as well as Yonge Street. One parking and one locker included.
MississaugaInvestor.ca
1003- 330 Red Maple Road
Condo Apartment · 2bd/1ba · ~750 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.72%
Monthly Cash Flow
-$1,583/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-17.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,297 |
| Property Tax | −$299 |
| Insurance | −$225 |
| Condo Fee | −$852 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,583/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,593 |
| Insurance | −$2,700 |
| Condo Fee | −$10,224 |
| Annual NOI | $8,563 |
| Cap Rate | 1.72% |
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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