8 Elmsley Drive, Richmond Hill

$1,588,800
8 Elmsley Drive

$1,588,800

New
23d
Detached2-Storey

8 Elmsley Drive, Richmond Hill

Total Monthly Obligation $7,440

Beds
6
Baths
4
Park
4
Sqft
2500-3000
DOM
23d
Score
16
Yield
3.8%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Detached
MLS® Number-N13845102
Beds-6
Bathrooms-4
Size-2500-3000 sqft
Lot Size-47.87 × 103 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,879 (2025)
Parking-6 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-GLOBAL BRICKS REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Other
Foundation-Other
Sewer-Sewer
Possession-to be arranged
Neighbourhood-Observatory
Title-Residential Freehold

No agent assigned

4+2 bedroom, 4 bathroom home offers a functional layout in a highly sought-after Richmond Hill neighborhood. Close to Bayview Secondary School, parks, and many quality homes. Features include hardwood flooring, a bright family room with a wood-burning fireplace, and a spacious kitchen. The second floor offers generously sized bedrooms, including a large primary bedroom with a sitting area. The finished basement includes 2 bedrooms, a kitchen, and a bathroom, providing additional living space. The private backyard offers room to relax, garden, or entertain. A great opportunity in an established family-friendly neighborhood.

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

Closing Costs

Mortgage Amount
$1,271,040
Land Transfer Taxes$28,251
Legal Fees (Est.)
$
Total cash required for closing$347,511

Total Monthly Obligation

$7,440/mo
Mortgage $6,409
Monthly Loss $5,754
Principal$1,686
Interest$4,722
Property Tax$657
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.4%1
5-Year IRR
7.4%20
10-Year IRR
8.5%
Returns Index
11.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$59,820/yr
NOI
$41,459/yr
Net Cash Flow
-$2,954/mo
Cash Margin
-59.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.7/ 100

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

Comparables

Properties near 8 Elmsley Drive

Time

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