1 Lourakis Street, Richmond Hill
Richmond Hill
$1,388,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 KING`S QUAY REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome To This Stunning 63.29 Ft Wide Corner Lot Home In Macleods Landing, Richmond Hill! Filled With Natural Light, It Features A Soaring Open-To-Above Living Room, 9 Ft Ceilings, And Hardwood Floors Throughout. The Backyard Is An Entertainers Dream With Over $100K In Upgrades, Including A Gazebo And Covered Gas BBQ Area. Additional Highlights Include An Oversized Veranda, Higher-Ceiling Garage And Powder Room. Extra-Large Cold Room, And Parking For 1 Garage + 3 Driveway Spaces. The Basement Offers Rough-In Washrooms And Potential For Separate Entrance Units. Ideally Located Close To Supermarkets, Top Schools, Scenic Trails, And Lakes. A Perfect Blend Of Luxury And Lifestyle.
MississaugaInvestor.ca
1 Lourakis Street
Detached · 3bd/3ba · ~2,250 sqft
$1,388,000
Cash-Flow Report · August 3, 2026
Cap Rate
2.02%
Monthly Cash Flow
-$4,054/mo
Estimated Rent
$4,790/mo
Cash-on-Cash
-15.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,790 |
| Mortgage | −$6,389 |
| Property Tax | −$833 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,157 |
| Vacancy (5%) | −$240 |
| Cash Flow | -$4,054/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,480 |
| Vacancy (5%) | −$2,874 |
| Property Tax | −$9,994 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,880 |
| Annual NOI | $28,032 |
| Cap Rate | 2.02% |
Cash Required to Close
| Down Payment (20%) | $277,600 |
| Ontario Land Transfer Tax | $24,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $304,835 |
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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