
35- 6 Leonard Street, Richmond Hill
Richmond Hill
$899,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,350/mo
Estimated from market price-to-rent ratios
Remarks
Rarely Offered Townhome In One Of Richmond Hill's Most Sought-After And Tightly Held Communities! Opportunities To Own In This Well-Maintained Enclave Of Three-Storey Townhomes Are Few And Far Between, Making This A Truly Exceptional Offering.Meticulously Maintained And Showcasing Pride Of Ownership Throughout, This Spacious Home Features A Functional Layout Designed For Modern Family Living. Offering Four Generously Sized Bedrooms-A Rare Find In Today's Market-Every Bedroom Provides Ample Space, Comfort, And Flexibility For Growing Families, Home Offices, Or Guest Accommodations.Enjoy The Convenience Of Truly Low-Maintenance Living With Comprehensive Maintenance Fees Covering Many Major Exterior Expenses, Including Water, Cable TV, Landscaping, Snow Removal, Roof Repairs And Maintenance, Exterior Window Maintenance, And Even Painting Of Exterior Doors And Garage Doors.The Location Is Simply Outstanding. Situated Within The Highly Coveted Richmond Hill High School And St. Theresa Of Lisieux Catholic High School Boundaries, This Home Offers Access To Some Of The Area's Most Desirable Schools. Longo's, Shops, Restaurants, Cafés, Banks, Parks, Community Amenities, And Everyday Essentials Are Just Steps Away, While Excellent Public Transit, GO Transit, And Convenient Highway Access Make Commuting Throughout The GTA A Breeze.Combining Rare Availability, Spacious Living, Outstanding Schools, Exceptional Convenience, And Worry-Free Homeownership, This Is A Unique Opportunity To Own In One Of Richmond Hill's Most Established And Desirable Communities.
MississaugaInvestor.ca
35- 6 Leonard Street
Condo Townhouse · 4bd/3ba · ~1,900 sqft
$899,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.04%
Monthly Cash Flow
-$2,610/mo
Estimated Rent
$3,350/mo
Cash-on-Cash
-15.88%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,350 |
| Mortgage | −$4,138 |
| Property Tax | −$539 |
| Insurance | −$225 |
| Condo Fee | −$890 |
| Vacancy (5%) | −$168 |
| Cash Flow | -$2,610/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,200 |
| Vacancy (5%) | −$2,010 |
| Property Tax | −$6,473 |
| Insurance | −$2,700 |
| Condo Fee | −$10,680 |
| Annual NOI | $18,337 |
| Cap Rate | 2.04% |
Cash Required to Close
| Down Payment (20%) | $179,800 |
| Ontario Land Transfer Tax | $14,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,255 |
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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