
278 Bernard Avenue, Richmond Hill
Richmond Hill
$1,368,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY 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
Finished Basement
Rent Estimate
$4,400/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Beautifully Refreshed Family Home Nestled On A Premium Lot With Lovely Curb Appeal In The Heart Of Richmond Hill's Sought-After Devonsleigh Community. Freshly Painted Throughout In A Classic Designer Palette, This Bright And Inviting 4+1 Bedroom, 4 Bathroom Residence Showcases Over 60 New Pot Lights And Newly Smoothed Ceilings For A Crisp, Modern Feel From Top To Bottom. The Welcoming Foyer Anchored By A Sweeping Curved Oak Staircase With Ornate Wrought-Iron Railings. The Spacious, Sun-Filled Living Room Features A Large Bay Window And Gleaming Hardwood Floors, Flowing Into A Generous Dining Room French Glass Doors. The Stylish White Kitchen Is The Heart Of The Home, Boasting Stone Countertops, A Full Tile Backsplash, Stainless Steel Appliances, A Breakfast Bar With Pendant Lighting, And Crown-Moulded Cabinetry, Opening To A Bright Eat-In Breakfast Area With Sliding Walk-Out To The Deck And Private, Fenced Backyard. The Inviting Family Room Offers A Cozy Tiled Fireplace, Hardwood Floors. Upstairs, An Open Hardwood Gallery Leads To A Spacious Primary Retreat With Walk-In Closet And A Spa-Inspired 4-Piece Ensuite. Three Additional Generously Sized Bedrooms, All With Hardwood Floors And Ample Closets, Complete The Upper Level. The Finished Basement Adds Valuable Living Space With A 5th Br, Rec Room, And Exercise Area, Ideal For Extended Family Or A Home Theatre. Steps From H.G. Bernard Public School Right On The Same Street, With Richmond Hill High School Also Close By, Families Have Excellent Schooling Options Within Walking Distance. Commuters Will Love The York Region Transit Stops Along Elgin Mills Just Around The Corner, With Easy Access To 404. The Richmond Green Sports Centre A Short Drive Away, While Downtown Richmond Hill's Yonge Street Strip, Including The Richmond Hill Centre For The Performing Arts, Shops, Restaurants, And Services, Is Just Minutes South.
MississaugaInvestor.ca
278 Bernard Avenue
Detached · 5bd/4ba · ~2,250 sqft
$1,368,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.75%
Monthly Cash Flow
-$4,303/mo
Estimated Rent
$4,400/mo
Cash-on-Cash
-17.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,400 |
| Mortgage | −$6,297 |
| Property Tax | −$821 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,140 |
| Vacancy (5%) | −$220 |
| Cash Flow | -$4,303/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,800 |
| Vacancy (5%) | −$2,640 |
| Property Tax | −$9,850 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,680 |
| Annual NOI | $23,930 |
| Cap Rate | 1.75% |
Cash Required to Close
| Down Payment (20%) | $273,600 |
| Ontario Land Transfer Tax | $23,835 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $300,435 |
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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