308 KIng Road, Richmond Hill
Richmond Hill
$1,338,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
5
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,550/mo
Estimated from market price-to-rent ratios
Remarks
This elegant end unit semi-detached Town built by prestige Fifth Avenue Homes located on King Road boasts Luxury, Quality Finishes, Lots of Natural Lighting and Space. The home features 3 Bedrooms, 5 Baths, a double garage, 4 parking spaces, 2 balconies, gas fireplace, upper level laundry for easy access, modern executive chef's kitchen, family room, living room & dining, office and a finished basement. With over $200,000 in upgrades the home is a true gem--11.3 foot ceilings; extended kitchen cabinets, gold hardware; waterfall island seating 4; Wolf Gas Range, Subzero Fridge & Wine Cooler; s/s appliances, Built in Beautiful Unit in Dining; 8' doors, 9' ceilings upper level; upper level laundry with built in storage cabinets and sink; built in display shelf; Decorative Wall Coverings; Grand Stately Lighting; Two Electric Car Power Outlet in garage with storage unit and landing; Wide plank Oak Flooring throughout; Extra closet storage in a finished basement; Chic window blinds. The location offers a quality lifestyle with golf courses, shopping, parks, health care, education, restaurants, and transit accessible. Living at its Finest!
MississaugaInvestor.ca
308 KIng Road
Att/Row/Townhouse · 3bd/5ba · ~2,250 sqft
$1,338,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.1%
Monthly Cash Flow
-$4,930/mo
Estimated Rent
$3,550/mo
Cash-on-Cash
-20.13%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,550 |
| Mortgage | −$6,159 |
| Property Tax | −$803 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,115 |
| Vacancy (5%) | −$178 |
| Cash Flow | -$4,930/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,600 |
| Vacancy (5%) | −$2,130 |
| Property Tax | −$9,634 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,380 |
| Annual NOI | $14,756 |
| Cap Rate | 1.1% |
Cash Required to Close
| Down Payment (20%) | $267,600 |
| Ontario Land Transfer Tax | $23,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $293,835 |
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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