370 Highway 7 E 217, Richmond Hill

$499,000
370 Highway 7 E 217

$499,000

Price Change
22d
Condo ApartmentApartment

370 Highway 7 E 217, Richmond Hill

Total Monthly Obligation $3,029

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
22d
Score
18
Yield
5.6%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-N13848810
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$2,325.92 (2026)
Maintenance-$622.32/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-AIMHOME REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Doncrest
Title-Residential Condo & Other

No agent assigned

FULLY RENOVATED IN 2023 - MOVE-IN READY! Bright & Functional 1 Bedroom + Den (~650 Sqft) In Coveted Doncrest. Freshly Painted, Brand-New Kitchen Cabinets, New Stainless Steel Appliances, New Granite Countertops, New Bathroom Vanity/Sink & Wall Cabinet, And New Laminate Flooring Throughout - All Completed In 2023. Open-Concept Living/Dining With Large West-Facing Windows & Walk-Out To Open Balcony. Versatile Den (Separate Room) Ideal As 2nd Bedroom Or Home Office. Good-Sized Primary Bedroom With Walk-In Closet. 1 Underground Parking (#106) + 1 Owned Locker Included. Maintenance ($622/Mo) Covers Heat, Water, Building Insurance & Parking. Steps To Viva, Plazas, Supermarkets, Restaurants & Banks; Minutes To GO Transit & Hwys 404/407. Excellent School Zone (Doncrest, Thornlea, Bayview). Great For Self-Use & Investment - Must See!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,029/mo
Mortgage $2,013
Monthly Loss $2,499
Principal$530
Interest$1,483
Property Tax$194
Condo Fees$622
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.7%22
10-Year IRR
9.0%
Returns Index
12.1/ 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
$28,116/yr
NOI
$13,111/yr
Net Cash Flow
-$920/mo
Cash Margin
-39.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
25.8/ 100

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

Comparables

Properties near 370 Highway 7 E 217

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.