
72 Grimsby Lane, Richmond Hill
Richmond Hill
$1,039,000
Cash flow, cap rate & mortgage breakdown
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Listed by TIMES GROUP
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
5
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,500/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To Skylands By Times Group Corporation! A Rare Boutique Townhome Community Nestled In The Heart Of Richmond Hill. This Brand New Luxurious Townhouse Offers Over 2,400 Sq Ft Of Living Space Featuring 4 Bedrooms and 4.5 Bathrooms While Filled With Natural Lighting From Sunrise To Sunset. Open Concept Living and Dining Areas Graciously Combined For Everyday Modern Living And Entertaining. Gourmet Kitchen Equipped With Quartz Countertops, Contemporary Soft-Close Cabinetry, Full Backsplash, Valance Lighting, Stainless Steel Appliances, And A Kitchen Island With Built-In Wine Cooler. Cozy Breakfast Area That Seamlessly Walks Out Onto An Expansive Private Terrace With BBQ Gas Line Perfect For Outdoor Dining. Primary Bedroom With 3-Pc Ensuite, Double Closets and Walk-Out To A Private Balcony. Ground Floor Bedroom With 3 Pc-Ensuite And A Oversized Walk-In Closet Perfect For Guests Or Multigenerational Living. This Townhome Showcases Quality Craftsmanship And Premium Finishes Featuring 9-Ft Smooth Ceilings, Engineered Hardwood Flooring and Pot Lights. Upgraded Baseboards, Casings, And Solid Doors. Fully Finished Basement. High-Velocity Two-Zone Energy-Efficient HVAC System With A/C And Central Vacuum Rough-In. Single Car Garage Includes A 40-Amp EV Charger Rough-In And Automatic Garage Door Opener Complemented By Two Additional Driveway Parking Spaces. A Hidden Neighborhood Pond Surrounded By Protected Greenspace And A Scenic Walking Trail That Provides A Naturally Peaceful And Tranquil Escape That Elevates And Sets This Community Apart. Conveniently Located To Future Community Centre, Richmond Green Secondary School, Richmond Green Park, And Public Transit. Nearby Costco, Home Depot, Paris Baguette, Healthy Planet and Staples. Short Drive To Highway 404 And Richmond Hill Go Station. Enjoy The Added Value Of The 7-Year Tarion Warranty Coverage, Eligibility For The HST New Housing Rebate, And $0 Development Charges.
MississaugaInvestor.ca
72 Grimsby Lane
Condo Townhouse · 4bd/5ba · ~1,900 sqft
$1,039,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.09%
Monthly Cash Flow
-$2,970/mo
Estimated Rent
$3,500/mo
Cash-on-Cash
-15.63%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,500 |
| Mortgage | −$4,782 |
| Property Tax | −$623 |
| Insurance | −$225 |
| Condo Fee (est.) | −$665 |
| Vacancy (5%) | −$175 |
| Cash Flow | -$2,970/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,000 |
| Vacancy (5%) | −$2,100 |
| Property Tax | −$7,481 |
| Insurance | −$2,700 |
| Condo Fee (est.) | −$7,980 |
| Annual NOI | $21,739 |
| Cap Rate | 2.09% |
Cash Required to Close
| Down Payment (20%) | $207,800 |
| Ontario Land Transfer Tax | $17,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $228,055 |
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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