553 Carrville Road, Richmond Hill
Richmond Hill
$1,098,000
Cash flow, cap rate & mortgage breakdown
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Listed by BOXIN REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,300/mo
Estimated from market price-to-rent ratios
Remarks
Sophisticated "Richvale" freehold townhome in Richmond Hill's prestigious South Richvale community. This newer 1,561 sq. ft. luxury residence features a bright and spacious open-concept layout, hardwood flooring throughout the main and upper levels, and an oak staircase with metal pickets. The gourmet kitchen offers granite countertops, a centre island, and newly installed pot lights. The primary bedroom is enhanced by an elegant coffered ceiling. Freshly painted throughout and complete with a rare double-car garage and interlocking-stone driveway. Conveniently located near shopping, public transit, GO Transit, top-rated schools, and Highway 407. A warm and inviting home ready for your clients to enjoy!
MississaugaInvestor.ca
553 Carrville Road
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$1,098,000
Cash-Flow Report · August 2, 2026
Cap Rate
1.46%
Monthly Cash Flow
-$3,718/mo
Estimated Rent
$3,300/mo
Cash-on-Cash
-18.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,300 |
| Mortgage | −$5,054 |
| Property Tax | −$659 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$915 |
| Vacancy (5%) | −$165 |
| Cash Flow | -$3,718/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,600 |
| Vacancy (5%) | −$1,980 |
| Property Tax | −$7,906 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,980 |
| Annual NOI | $16,034 |
| Cap Rate | 1.46% |
Cash Required to Close
| Down Payment (20%) | $219,600 |
| Ontario Land Transfer Tax | $18,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $241,035 |
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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