40 Pitney Avenue, Richmond Hill

$995,000
40 Pitney Avenue

$995,000

New
22d
Att/Row/Townhouse2-Storey

40 Pitney Avenue, Richmond Hill

Total Monthly Obligation $4,764

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
22d
Score
17
Yield
4.0%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Att/Row/Townhouse
MLS® Number-N13850118
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-24.61 × 88.58 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,510 (2025)
Parking-2 - Built-In
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX EXPERTS
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Jefferson
Title-Residential Freehold

No agent assigned

The Perfect 3 Bedroom Freehold Townhouse In Richmond Hill's Prestigious And Family Friendly Jefferson Community, Beautifully Refreshed With Extensive 2026 Updates And Move In Ready * Welcoming Front Porch With Seating Area * Bright Open Concept Main Floor With Large Windows, Rare North And South Exposure, 9 Ft Ceilings And A Cozy Family Room With Gas Fireplace * Smooth Ceilings, New Flooring, Modern Light Fixtures And Fresh Paint Throughout * Renovated Bathrooms * Upgraded Kitchen With Quartz Countertops, Stainless Steel Appliances And A Large Island With Sink And Seating, Plus Newer Stove And Dishwasher (2025) * Walkout To Deck And Fully Fenced Backyard With Patio Area * Freshly Stained Deck And Fence * Rare Staggered Design With Side Separation Beside The Family Room, Offering Added Privacy And A More Open Feel * Spacious Primary Bedroom With Two Walk In Closets, Custom Built In Shelving And Drawers, Plus A 4 Pc Ensuite With Freestanding Soaker Tub And Glass Shower Enclosure * Direct Access From Garage To The Home, Plus Separate Access Through The Garage To The Backyard * Level 2 EV Charger In Garage * Several Windows Recently Replaced * Close To Yonge St, Top Rated Schools, Tim Hortons, LCBO, Plazas, Farm Boy, Gyms, Medical Clinics, Restaurants And Cafes, Viva Transit And Bus Stops * Parks And Trails Within Walking Distance * Convenient Access To Hwy 404, Hwy 400 And Major Routes * A Must See Home!

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

Closing Costs

Mortgage Amount
$796,000
Land Transfer Taxes$16,375
Legal Fees (Est.)
$
Total cash required for closing$216,875

Total Monthly Obligation

$4,764/mo
Mortgage $4,014
Monthly Loss $3,708
Principal$1,056
Interest$2,957
Property Tax$376
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.8%
Returns Index
12.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$39,984/yr
NOI
$26,976/yr
Net Cash Flow
-$1,766/mo
Cash Margin
-53.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
18.6/ 100

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

Comparables

Properties near 40 Pitney Avenue

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.