274 Demaine Crescent, Richmond Hill

$949,900
274 Demaine Crescent

$949,900

New
8d
Semi-Detached 2-Storey

274 Demaine Crescent, Richmond Hill

Total Monthly Obligation $4,701

Beds
6
Baths
4
Park
5
Sqft
1500-2000
DOM
8d
Score
19
Yield
4.9%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Semi-Detached
MLS® Number-N14080260
Beds-6
Bathrooms-4
Size-1500-2000 sqft
Lot Size-23 × 93.5 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$5,936.41 (2026)
Parking-5 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete, Concrete Block
Sewer-Sewer
Possession-TBD
Neighbourhood-Crosby
Title-Residential Freehold

No agent assigned

Rare investment or end-user opportunity in Richmond Hill's sought-after Crosby community! This unique 2-storey semi-detached residence boasts an expansive layout offering approx. 1,812 sq. ft. of above-grade living space on a premium, pool-sized pie lot that widens significantly at the rear. The bright main level features a functional open-concept kitchen and spacious living/dining area, ideal for family gatherings, along with 2 main-floor bedrooms, a full 4-piece bathroom, plus a convenient 2-piece powder room. Dedicated entirely to the upper level addition (added approx. 2014/2015) is a private primary suite retreat complete with a 3-piece ensuite bath with glass enclosed shower and a large walk-in closet. The fully finished basement provides exceptional extended space featuring a second kitchen, large sitting area, full 4-piece bathroom, and flexible layout for up to 3 additional bedrooms/bonus rooms, perfect in-law space or use for multi-generational living arrangements. Outdoor space offers a fully fenced yard with room for a pool and driveway parking for up to 5 cars. Unbeatable location steps to top-tier schools including Crosby Heights P.S. and Bayview Secondary School district. Minutes to Yonge St shops, dining, public transit, Richmond Hill GO Station, Newkirk Park, and easy highway access. Don't miss this incredible opportunity where you are paying semi-detached price for a home that has more square footage and a bigger lot than many detached homes! Some images have been virtually staged. VTB financing available with as little as 15% down @ 6.5%, amortized up to 50 years/interest only - no income verification or credit qualifications.

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

Closing Costs

Mortgage Amount
$759,920
Land Transfer Taxes$15,473
Legal Fees (Est.)
$
Total cash required for closing$206,953

Total Monthly Obligation

$4,701/mo
Mortgage $3,832
Monthly Loss $3,693
Principal$1,008
Interest$2,823
Property Tax$495
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.1%36
10-Year IRR
10.6%
Returns Index
19.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$46,800/yr
NOI
$31,684/yr
Net Cash Flow
-$1,191/mo
Cash Margin
-30.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo32
Risk Index
19.9/ 100

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

Comparables

Properties near 274 Demaine Crescent

Time

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Data last updated within the past 24 hours.