
1508- 11 David Eyer Road, Richmond Hill
Richmond Hill
$569,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this nearly new stacked townhome in one of Richmond Hill's most sought-after communities, ideally located at Bayview Avenue and Elgin Mills Road. Designed with modern living in mind, this stylish home features impressive 10-foot ceilings on the main floor and 9-foot ceilings on the lower level, creating a bright, open atmosphere complemented by sleek laminate flooring throughout.The contemporary kitchen is the heart of the home, showcasing a stunning oversized waterfall island that flows seamlessly into the open-concept living and dining areas, making it perfect for entertaining or everyday living. Custom blinds throughout add a polished finish while providing comfort and privacy. Thoughtfully designed with low-maintenance living in mind, exterior landscaping and snow removal are included, allowing you to spend more time enjoying your home. Perfectly positioned just minutes from Highway 404, Richmond Green Park and Recreation Centre, the GO Station, Costco, Home Depot, Walmart, restaurants, banks, and boutique shopping, this exceptional location offers outstanding convenience for commuters and everyday living. Surrounded by parks, transit, and essential amenities, this is an excellent opportunity for first-time buyers, professionals, or anyone seeking a modern home in a vibrant and growing neighbourhood.
MississaugaInvestor.ca
1508- 11 David Eyer Road
Condo Townhouse · 2bd/3ba · ~950 sqft
$569,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.66%
Monthly Cash Flow
-$1,362/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-13.09%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,623 |
| Property Tax | −$342 |
| Insurance | −$225 |
| Condo Fee | −$309 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,362/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$4,103 |
| Insurance | −$2,700 |
| Condo Fee | −$3,708 |
| Annual NOI | $15,139 |
| Cap Rate | 2.66% |
Cash Required to Close
| Down Payment (20%) | $113,980 |
| Ontario Land Transfer Tax | $7,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $124,853 |
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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