372 Highway 7 East Highway 216, Richmond Hill

$398,000
372 Highway 7 East Highway 216

$398,000

Price Change
8d
Condo ApartmentApartment

372 Highway 7 East Highway 216, Richmond Hill

Total Monthly Obligation $2,395

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
8d
Score
22
Yield
6.5%
Cash on Cash
-1.0%
Cap Rate
4.4%
5Y IRR
14.7%
10Y IRR
14.0%
Property Type-Condo Apartment
MLS® Number-N14084752
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$2,067.48 (2026)
Maintenance-$416.87/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-INTERNATIONAL REALTY FIRM, INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Foundation-Poured Concrete
Possession-Available
Neighbourhood-Doncrest
Title-Residential Condo & Other

No agent assigned

Welcome to modern luxury & prime convenience at Royal Gardens Condominiums. Situated in a well managed building with low maintenance fees, this bright unit features a functional open concept layout filled with natural light. The kitchen boasts stylish finishes and ample cabinetry, opening to a spacious living/dining area. Enjoy peace of mind with a 1 year new washer and dryer. Unbeatable location steps to Viva/YRT transit, top rated restaurants, supermarkets, plazas, and quick access to Hwy 404/407. Amenities include concierge, gym, golf sim, party room, visitor parking & more. Move in ready.

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

Closing Costs

Mortgage Amount
$318,400
Land Transfer Taxes$4,445
Legal Fees (Est.)
$
Total cash required for closing$85,545

Total Monthly Obligation

$2,395/mo
Mortgage $1,605
Monthly Loss $1,972
Principal$422
Interest$1,183
Property Tax$172
Condo Fees$417
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.7%41
10-Year IRR
11.3%
Returns Index
21.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$25,800/yr
NOI
$13,750/yr
Net Cash Flow
-$460/mo
Cash Margin
-21.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
32.6/ 100

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

Comparables

Properties near 372 Highway 7 East Highway 216

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.