
2 Ludford Drive, Richmond Hill
Richmond Hill
$1,550,000
Cash flow, cap rate & mortgage breakdown
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Listed by FOREST HILL REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Situated on a desirable corner lot, this stunning 4 bedrooms, 3 bathrooms home is filled with an abundance of natural light, creating a bright and welcoming atmosphere throughout. Designed for both everyday living and entertaining, the main level features elegant hardwood and tile flooring, a spacious family room, a formal dining room, and the convenience of a main floor laundry room with ample cabinet storage. At the heart of the home is the beautifully upgraded kitchen, complete with granite countertops, and a sun-filled breakfast area with a walk-out to the backyard, seamlessly blending indoor and outdoor living.A standout feature of this home is the private second-floor family room, where a cozy gas fireplace creates the perfect retreat for relaxing with family or unwinding at the end of the day. The finished basement extends the home's living space, featuring an additional bedroom and offering endless possibilities for an in-law suite, guest accommodations, gym, or recreation room. This thoughtfully designed home offers the perfect combination of space, style, and functionality, making it an outstanding opportunity for families seeking comfort, elegance, and a place to call home.Roof (2020), Furnace (2020)
MississaugaInvestor.ca
2 Ludford Drive
Detached · 5bd/4ba · ~2,250 sqft
$1,550,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.18%
Monthly Cash Flow
-$4,313/mo
Estimated Rent
$5,545/mo
Cash-on-Cash
-15.2%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,545 |
| Mortgage | −$7,134 |
| Property Tax | −$930 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,292 |
| Vacancy (5%) | −$277 |
| Cash Flow | -$4,313/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$66,540 |
| Vacancy (5%) | −$3,327 |
| Property Tax | −$11,160 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,500 |
| Annual NOI | $33,853 |
| Cap Rate | 2.18% |
Cash Required to Close
| Down Payment (20%) | $310,000 |
| Ontario Land Transfer Tax | $27,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $340,475 |
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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