5 Steckley House Lane 703, Richmond Hill

$659,888
5 Steckley House Lane 703

$659,888

New
25d
Condo TownhouseStacked Townhouse

5 Steckley House Lane 703, Richmond Hill

Total Monthly Obligation $3,540

Beds
2
Baths
3
Park
1
Sqft
1200-1399
DOM
25d
Score
18
Yield
5.0%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.5%
Property Type-Condo Townhouse
MLS® Number-N13837388
Beds-2
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Sep 28, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-0-5
Taxes-$4,264.18 (2026)
Maintenance-$323/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Roof-Flat
Possession-TBA
Neighbourhood-Rural Richmond Hill
Title-Residential Condo & Other

No agent assigned

Modern Boutique Townhome In The Heart Of Richmond Hill! Discover Sophisticated Urban Living In This Sun-Filled, Beautifully Upgraded 2-Bedroom, 3-Bathroom Condo Townhouse At Elgin East. Featuring Soaring 10-Ft Smooth Ceilings On The Main Floor And 9-Ft Ceilings Throughout The Upper Level, This Bright And Spacious Home Offers Approximately 1,268 Sq. Ft. Of Stylish Interior Living Space, Plus An Impressive 364 Sq. Ft. Private Rooftop Terrace With Gas BBQ Hookup, Perfect For Entertaining Or Relaxing Outdoors. The Elegant Open-Concept Kitchen Features An Upgraded Centre Island With Quartz Countertops, Creating A Stylish And Functional Space For Everyday Living And Entertaining. Thoughtfully Designed With Premium Finishes And An Abundance Of Natural Light, The Home Offers A Bright And Airy Feel Throughout. Enjoy Having Your Underground Parking Space Convniently Near Your Unit And Close To The Elevator, An Exceptionally Well-Connected Location Just Minutes From Richmond Green Park, Highway 404, GO Transit, Top-Rated Schools, The Library, Community Centre, Costco, Walmart, Shopping, Restaurants, And Other Amenities. This Beautifully Finished, Ready-To-Move-In Home Is Still Under Tarion Warranty, Offering Additional Peace Of Mind To The New Owner. An Exceptional Opportunity To Enjoy Comfort, Style, Generous Outdoor Space, And Convenience In One Of Richmond Hill's Desirable Communities.

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

Closing Costs

Mortgage Amount
$527,910
Land Transfer Taxes$9,673
Legal Fees (Est.)
$
Total cash required for closing$143,151

Total Monthly Obligation

$3,540/mo
Mortgage $2,662
Monthly Loss $2,840
Principal$700
Interest$1,961
Property Tax$355
Condo Fees$323
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.0%1
5-Year IRR
8.6%26
10-Year IRR
9.5%
Returns Index
14.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$32,952/yr
NOI
$19,117/yr
Net Cash Flow
-$1,069/mo
Cash Margin
-38.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.2/ 100

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

Comparables

Properties near 5 Steckley House Lane 703

Time

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