2 Hughes Street, Richmond Hill
Richmond Hill
$999,999
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXCEL REALTY LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
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
Exceptional investment and development opportunity in the highly desirable Oak Ridges community! Situated on a premium 73.50 x 100 ft lot, this property offers tremendous potential and is strategically positioned within an area experiencing significant growth and redevelopment. An ideal opportunity for investors, builders, or end-users looking to capitalize on future development in a prime location. The home features a separate entrance to a recently renovated basement, offering excellent income potential, along with two full laundry setups for added convenience. Well-maintained and functional, it provides both immediate usability and long-term upside. Located just minutes to Yonge Street and Highway 404, with easy access to shopping, top-rated schools, public transit, and all essential amenities. EXTRAS: 2 Fridges, 2 Stoves, 2 Washers, 2 Dryers, Dishwasher, Microwave.
MississaugaInvestor.ca
2 Hughes Street
Detached · 5bd/2ba · ~900 sqft
$999,999
Cash-Flow Report · August 1, 2026
Cap Rate
3.48%
Monthly Cash Flow
-$1,706/mo
Estimated Rent
$4,795/mo
Cash-on-Cash
-9.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,795 |
| Mortgage | −$4,603 |
| Property Tax | −$600 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$240 |
| Cash Flow | -$1,706/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,540 |
| Vacancy (5%) | −$2,877 |
| Property Tax | −$7,200 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,000 |
| Annual NOI | $34,763 |
| Cap Rate | 3.48% |
Cash Required to Close
| Down Payment (20%) | $199,999.8 |
| Ontario Land Transfer Tax | $16,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,474.8 |
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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