318- 75 Weldrick Road, Richmond Hill
Richmond Hill
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Beautifully Updated 2-Bedroom, 2-Bathroom End Unit Condo Townhome In The Sought-After Observatory Community Of Richmond Hill. Renovated In 2025 With Ceilings, Fresh Paint, Modernized Kitchen And Bathrooms, And Brand-New Lights. Bright, Open-Concept Main Floor Features A Spacious Living/Dining Area With Gas Fireplace, And A Functional Kitchen With In-Suite Laundry. Upstairs Offers Two Generously Sized Bedrooms, Including A Primary With Walk-In Closet And Semi-Ensuite. Enjoy A Private Rooftop Terrace Perfect For Outdoor Dining Or Relaxation. Family & Pet-Friendly Complex With Private Playground. Walking Distance To Great Schools, Hillcrest Mall, T&T, H-Mart, No Frills, Community Centre, Parks, Library, Restaurants, And Public Transit. Easy Access To Hwy 7 & 407. !Fireplace sold as is.
MississaugaInvestor.ca
318- 75 Weldrick Road
Condo Townhouse · 2bd/2ba · ~1,100 sqft
$499,900
Cash-Flow Report · August 2, 2026
Cap Rate
2.81%
Monthly Cash Flow
-$1,129/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-12.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,301 |
| Property Tax | −$300 |
| Insurance | −$225 |
| Condo Fee | −$393 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,129/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,599 |
| Insurance | −$2,700 |
| Condo Fee | −$4,716 |
| Annual NOI | $14,065 |
| Cap Rate | 2.81% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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