35 May Avenue, Richmond Hill

$1,599,000
35 May Avenue

$1,599,000

New
25d
DetachedBacksplit 5

35 May Avenue, Richmond Hill

Total Monthly Obligation $7,601

Beds
4
Baths
3
Park
4
Sqft
2000-2500
DOM
25d
Score
15
Yield
3.2%
Cash on Cash
-9.9%
Cap Rate
2.5%
5Y IRR
7.8%
10Y IRR
8.6%
Property Type-Detached
MLS® Number-N13834234
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-50 × 180 ft
Listed on site-Sep 28, 2026
Style-Backsplit 5
Building Type-Detached
Age-31-50
Taxes-$9,311.28 (2026)
Parking-6 - Attached
Basement-Finished with Walk-Out, Separate Entrance, Walk-Up, Finished
Heating-Forced Air (Gas)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-30-60 days/TBA
Neighbourhood-North Richvale
Title-Residential Freehold

No agent assigned

One of a kind!! Whether you are looking to just move-in, renovate, or invest, this house is perfect! 1. Sunny South lot 50x180 ft on prestigious May Ave. 2. Almost 4000 sq ft of finished space across 5 levels. 3. Double garage and endless driveway with no sidewalk. 4. Huge backsplit with 5 levels: 4 bedrooms, 3 full bathrooms with multiple walk-outs. 5. Separate walk-up entrance to basement w/full 2nd kitchen. 6. Even sub-basement has windows and is fully finished. 7. Immaculately maintained by original owners since 1980. 8. Accessible: chair lift (can be removed) and walk-in shower next to 4th bedroom on ground level. 9. Short walk to Yonge with all the shops and transit. 10. Gardener's paradise: landscaped with flower beds, a huge vegetable garden, cantina with shelves to store your wine and preserves. 11. Two modern eat-in kitchens with chef's desks. Main kitchen has under lighting, granite counters and matching kitchen table. 12. Vacant - move-in now - and more! Granite porch, double-height foyer, vaulted ceilings, crown moldings, French doors w/beveled glass, paneled walls, hardwood, enormous granite mantel for gas fireplace, open stairs,walk-outs, walk-ups, and side doors. Yonge around the corner but built for quiet cottage life in the city.

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

Closing Costs

Mortgage Amount
$1,279,200
Land Transfer Taxes$28,455
Legal Fees (Est.)
$
Total cash required for closing$349,755

Total Monthly Obligation

$7,601/mo
Mortgage $6,450
Monthly Loss $5,904
Principal$1,697
Interest$4,753
Property Tax$776
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.0%
Returns Index
7.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$51,600/yr
NOI
$32,629/yr
Net Cash Flow
-$3,731/mo
Cash Margin
-86.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.0/ 100

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

Comparables

Properties near 35 May Avenue

Time

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