
201- 40 Harding Boulevard, Richmond Hill
Richmond Hill
$639,900
Cash flow, cap rate & mortgage breakdown
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Listed by WORLD CLASS REALTY POINT
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Beautiful and spacious 1,346 sq. ft. suite in the prestigious Dynasty Building featuring 2 bedrooms, 2 updated bathrooms, a large sun-filled solarium, private balcony, and convenient parking located close to the elevator. Enjoy bright open-concept living with floor-to-ceiling windows showcasing picturesque northwest views of mature trees, gardens, and parkland. The versatile solarium is perfect for a home office or sitting area, while the primary bedroom offers custom closet organizers and an ensuite bath. Additional features include a separate laundry room with extra storage. Resort-style amenities include a saltwater pool, outdoor cabana, sauna, fitness centre, squash court, billiards room, theatre room, party room, recreation facilities, and ample visitor parking within a secure gated community. Ideally located in sought-after Harding, just steps to the library, Wave Pool, Yonge Street shops, parks, transit, top-rated schools, Hillcrest Mall, and major highways. Move in and enjoy carefree living in one of Richmond Hill's most desirable communities. Pictures were taken when unit was staged. Currently unit is unfurnished.
MississaugaInvestor.ca
201- 40 Harding Boulevard
Condo Apartment · 3bd/2ba · ~1,300 sqft
$639,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.53%
Monthly Cash Flow
-$2,129/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-18.22%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$2,945 |
| Property Tax | −$384 |
| Insurance | −$225 |
| Condo Fee | −$1,140 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$2,129/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$4,607 |
| Insurance | −$2,700 |
| Condo Fee | −$13,680 |
| Annual NOI | $9,793 |
| Cap Rate | 1.53% |
Cash Required to Close
| Down Payment (20%) | $127,980 |
| Ontario Land Transfer Tax | $9,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $140,253 |
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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