212- 175 Cedar Avenue, Richmond Hill
Richmond Hill
$659,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Updated 2+1 bedroom, 2 bathroom condo offering approximately 1,337 sq ft in a well-maintained Richmond Hi11 building. Spacious living and dining area with large windows and new flooring throughout. Fully renovated kitchen with quartz counters, modern cabinetry, and new stainless steel appliances, plus a separate breakfast area. Primary bedroom features a 3-piece ensuite and his and hers closets. Second bedroom includes a double closet. Solarium with large window works well as a home office or additional bedroom. Both bathrooms completely renovated. New front load washer & dryer. Fresh paint, new lighting, and updated finishes throughout. Includes two owned parking spaces. Building amenities include indoor and outdoor pools, gym, sauna, and tennis court. Recently modernized Tobby, new hallway carpeting, and updated unit doors. Enjoy unlimited high-speed internet, Crave, HBO, Xfinity VIP cable with up to 3 boxes included. Convenient location near Yonge St, YRT, VIVA, Richmond Hill GO Station, shopping along Yonge St, top-rated schools, and everyday amenities.
MississaugaInvestor.ca
212- 175 Cedar Avenue
Condo Apartment · 3bd/2ba · ~1,300 sqft
$659,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.6%
Monthly Cash Flow
-$2,154/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-17.89%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$3,033 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$1,066 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$2,154/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$4,745 |
| Insurance | −$2,700 |
| Condo Fee | −$12,792 |
| Annual NOI | $10,543 |
| Cap Rate | 1.6% |
Cash Required to Close
| Down Payment (20%) | $131,800 |
| Ontario Land Transfer Tax | $9,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,455 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.