112 Ness Drive, Richmond Hill
Richmond Hill
$1,388,800
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE BROADWAY REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,600/mo
Estimated from market price-to-rent ratios
Remarks
RARELY OFFERED ONE OF A KIND LAYOUT, SPACIOUS FAMILY ROOM ON 2ND FLOOR WITH A HIGH CATHEDRAL CEILING AND LARGE BRIGHT WINDOWS, GREAT FOR FAMILY & FRIENDS GATHERING & ENTERTAINMENT. 5 YEAR NEW, 2,909 SQ FT TOTAL LIVING SPACE INCLUDING FINISHED BASEMENT FREEHOLD TOWNHOUSE (NO MAINTENANCE FEE) WITHIN WALKING DISTANCE TO RICHMOND GREEN SPORTS CENTRE/PARK. LAUNDRY ROOM ON 2ND FLOOR. LIVING ROOM OVERLOOK BEAUTIFUL LANDSCAPED GARDEN. $$$$ SPENT, LUXURIOUSLY UPGRADED THRUOUT, LOTS OF POT LIGHTS, UPGRADED HARDWOOD FLOOR, SMOOTH CEILINGS ON MAIN AND 2ND FLOORS (EXCLUDE BEDROOMS), WINDOW COVERINGS & ZEBRA BLINDS, EXTENDED KITCHEN COUNTERS AND CABINETS, FULLY FENCED BEAUTIFUL LANDSCAPE GARDEN WITH INTERLOCK PATIO, WOODEN DECK AND GAS LINE FOR BBQ, INTERLOCK DRIVEWAY, DOUBLE DOOR ENTRANCE WITH A BEAUTIFULLY DESIGNED GATE, 2ND FLR LAUNDRY ROOM, DIRECT ACCESS FROM GARAGE, BUILT-IN CLOSETS IN BASEMENT FOR EXTRA STORAGE. YOUR CLIENTS WILL LOVE THIS UPGRADED & TASTEFULLY RENOVATED LIKE NEW HOME. THIS IS A HIGHLY DESIRED LOCATION. JUST MINUTES TO 12 ACRES RICHMOND GREEN PARK & SPORTS CENTRE, HWY 404, LIBRARY, COSTCO, HOME DEPOT, RESTAURANTS, SHOPS, RICHMOND GREEN SECONDARY SCHOOL.
MississaugaInvestor.ca
112 Ness Drive
Att/Row/Townhouse · 3bd/4ba · ~2,250 sqft
$1,388,800
Cash-Flow Report · August 2, 2026
Cap Rate
1.04%
Monthly Cash Flow
-$5,187/mo
Estimated Rent
$3,600/mo
Cash-on-Cash
-20.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,600 |
| Mortgage | −$6,392 |
| Property Tax | −$833 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,157 |
| Vacancy (5%) | −$180 |
| Cash Flow | -$5,187/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,200 |
| Vacancy (5%) | −$2,160 |
| Property Tax | −$9,999 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,888 |
| Annual NOI | $14,453 |
| Cap Rate | 1.04% |
Cash Required to Close
| Down Payment (20%) | $277,760 |
| Ontario Land Transfer Tax | $24,251 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $305,011 |
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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