23 Observatory Lane 10, Richmond Hill

$769,000
23 Observatory Lane 10

$769,000

New
18d
Condo Townhouse3-Storey

23 Observatory Lane 10, Richmond Hill

Total Monthly Obligation $4,137

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
18d
Score
17
Yield
4.5%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
10.0%
Property Type-Condo Townhouse
MLS® Number-N13864998
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 5, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$4,674.64 (2026)
Maintenance-$445.41/mo
Locker-None
Parking-2 - Built-In
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-UPPERSIDE REAL ESTATE LIMITED
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Observatory
Title-Residential Condo & Other

No agent assigned

Brand New Full Renovation. New Floors, Gourmet Luxury Kitchen, High End Ss Appliances, New Railing And Much More. Viva To The Subway & Hillcrest Mall. Well-Maintained Complex W/Low Fees. Don't Miss This One! The pictures have been virtually staged with furniture and decor.

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

Closing Costs

Mortgage Amount
$615,200
Land Transfer Taxes$11,855
Legal Fees (Est.)
$
Total cash required for closing$167,155

Total Monthly Obligation

$4,137/mo
Mortgage $3,102
Monthly Loss $3,321
Principal$816
Interest$2,286
Property Tax$390
Condo Fees$445
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
6.8%17
10-Year IRR
8.2%
Returns Index
10.0/ 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
$34,440/yr
NOI
$18,576/yr
Net Cash Flow
-$1,554/mo
Cash Margin
-54.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
20.0/ 100

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

Comparables

Properties near 23 Observatory Lane 10

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.

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

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Data last updated within the past 24 hours.