118 May Avenue, Richmond Hill

$1,499,900
118 May Avenue

$1,499,900

New
8d
Detached2-Storey

118 May Avenue, Richmond Hill

Total Monthly Obligation $7,240

Beds
7
Baths
6
Park
6
Sqft
3000-3500
DOM
8d
Score
16
Yield
4.0%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-N14082096
Beds-7
Bathrooms-6
Size-3000-3500 sqft
Lot Size-50.05 × 125.88 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$9,780 (2025)
Parking-8 - Attached
Basement-Apartment, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-HOMELIFE EAGLE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flex
Neighbourhood-North Richvale
Title-Residential Freehold

No agent assigned

The Perfect 4+3 Bedroom and 6 Bathroom Detached In Richmond Hill's North Richvale Community* Backing & Siding Onto Ravine* Family Friendly Neighbourhood* Close To Shops On Yonge, HWY's, Entertainment, The GO, Schools & Parks* Premium 50 ft x 125 fT Lot* Oversized Driveway W/ 8 Car Total Parking* Beautiful Curb Appeal W/ All Brick Exterior* Enjoy 3273 Sq Ft Above Grade* Timeless Architecture Includes Smooth 9 FT Ceilings* Property Situated On Premium Elevation* Chef's Kitchen W/ Granite Countertops* All Stainless Steel Appliances* Gas Cooktop* Under Cabinet Lighting* Breakfast Area Opens To Wide Sliding Doors W/O To Sundeck* Natural Gas For BBQ* Family Room W/ Custom Floating Gas Fireplace* Custom Entertainment Wall W/ Bookmatched Tiled Wall* Spacious Main Floor Office Facing Ravine Ultimate Privacy Staircase W/ Iron Pickets* Spacious Primary Bedroom W/ Ravine Views* Oversized Walk in Closet W/ Oraganizers* Spa-Like 6PC Ensuite W Standing Shower* Rain Shower Head* Linear Drain* Glass Enclosure & Custom Tiles From Floor To Ceiling* Dual Vanity & Free Standing Tub* W/ Second Fireplace* All Spacious Bedrooms W/ 3 Full Bathrooms On Second Floor* Roof Reshingled 2026* All New Windows 2015* New AC 2024* New Fireplace 2024* 200 AMP Electrical Panel* EV Charging In Garage* Finished 2 Bedroom Walk Up Basement Apartment W/ Separate Entrance* Separate 1 Bedroom 1 Bath Portion For Home Owner To Enjoy* Perfect Backyard Space* Must See! Don't Miss!

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

Closing Costs

Mortgage Amount
$1,199,920
Land Transfer Taxes$26,473
Legal Fees (Est.)
$
Total cash required for closing$327,953

Total Monthly Obligation

$7,240/mo
Mortgage $6,050
Monthly Loss $5,648
Principal$1,592
Interest$4,458
Property Tax$815
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.7%21
10-Year IRR
8.7%
Returns Index
12.0/ 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
$60,468/yr
NOI
$40,141/yr
Net Cash Flow
-$2,705/mo
Cash Margin
-53.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
15.0/ 100

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

Comparables

Properties near 118 May 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.

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Data last updated within the past 24 hours.