32 Romance Drive, Richmond Hill
Richmond Hill
$1,080,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE GOLD PACIFIC REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,250/mo
Estimated from market price-to-rent ratios
Remarks
Location! Location! Location! Rare Available End Unit Freehold Townhome In The Heart Of Prestigious Richmond HillNeighbourhood *Minutes To Highway 404, GO And VIVA Transits, Home Depot, Costco, Community Centre And All Other Amenities*Richmond Rose Public School And Bayview Secondary High School Zone *Bright And Spacious Corner House With Lots Of Windows*Cathedral Ceiling At Entrance With 2-Storey Big Window *Well Maintained Family Home In Good Condition *9' Ceiling On Main Floor*Upgraded Unobstructed Sunny Family Home Backs Onto Ravine *Finished Walk-Out Basement With 2PCS Washroom *M/F Laundry*Entrance From Garage To House.
MississaugaInvestor.ca
32 Romance Drive
Att/Row/Townhouse · 3bd/4ba · ~1,750 sqft
$1,080,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.46%
Monthly Cash Flow
-$3,657/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-18.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$4,971 |
| Property Tax | −$648 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$900 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$3,657/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$7,776 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,800 |
| Annual NOI | $15,774 |
| Cap Rate | 1.46% |
Cash Required to Close
| Down Payment (20%) | $216,000 |
| Ontario Land Transfer Tax | $18,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $237,075 |
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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