11211 Yonge Street 650, Richmond Hill

$499,009
11211 Yonge Street 650

$499,009

New
93d
Leasehold CondoApartment

11211 Yonge Street 650, Richmond Hill

Total Monthly Obligation $3,111

Bed+Den
2+1
Baths
1
Park
0
Sqft
700-799
DOM
93d
Score
19
Yield
6.3%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Leasehold Condo
MLS® Number-N13593186
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Jul 22, 2026
Style-Apartment
Building Type-Leasehold Condo
Age-11-15
Taxes-$1,911.84 (2026)
Maintenance-$738.89/mo
Locker-Exclusive
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOMELIFE LANDMARK REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-Devonsleigh
Title-Residential Condo & Other

No agent assigned

Welcome to Mon Sheong Court, one of Richmond Hill's premier 55+ Life Lease communities, where comfort, convenience, and independent living come together.This bright 1 Bedroom + Den, 1 Bathroom suite features a functional open-concept layout with large windows, laminate flooring throughout, ensuite laundry, and a locker. The versatile den is ideal as a home office, hobby room, reading area, or space for overnight guests. Residents enjoy an exceptional selection of on-site amenities, including a full-service restaurant, medical clinic, Massage therapy, pharmacy, Satellite TV, fitness centre, barber shop, beauty salon, rooftop garden, table tennis, badminton court, karaoke and mahjong rooms, comfortable lounges, and a wide variety of organized social and recreational activities. A 24-hour concierge and on-site emergency response service provide added security and peace of mind. Ideally located along the Yonge Street corridor, Mon Sheong Court offers convenient access to shopping, public transit, parks, and everyday amenities. Maintenance fees include heat, water, heating and cooling, cable TV, and Wi-Fi, providing a truly worry-free lifestyle. Mon Sheong Court is A life lease senior independent living building, and that at least one resident must be 55 years of age or older. Property is being sold on an "As Is, Where Is" basis.

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%
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$399,207
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,757

Total Monthly Obligation

$3,111/mo
Mortgage $2,013
Monthly Loss $2,581
Principal$530
Interest$1,483
Property Tax$159
Condo Fees$739
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
9.1%29
10-Year IRR
10.0%
Returns Index
15.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,200/yr
NOI
$14,901/yr
Net Cash Flow
-$771/mo
Cash Margin
-29.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
25.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 11211 Yonge Street 650

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.