223 Richmond Street, Richmond Hill

$1,099,000
223 Richmond Street

$1,099,000

New
7d
Detached1 1/2 Storey

223 Richmond Street, Richmond Hill

Total Monthly Obligation $5,342

Beds
3
Baths
2
Park
6
Sqft
700-1100
DOM
7d
Score
16
Yield
3.7%
Cash on Cash
-8.0%
Cap Rate
2.9%
5Y IRR
9.3%
10Y IRR
9.7%
Property Type-Detached
MLS® Number-N14087510
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-58 × 167 ft
Listed on site-Oct 16, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$6,407.67 (2026)
Parking-7 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Central Air, Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-45 days
Neighbourhood-Mill Pond
Title-Residential Freehold

No agent assigned

Welcome to 223 Richmond Street, a rare opportunity in the heart of Richmond Hill's highly sought-after Mill Pond neighbourhood. Situated on an impressive 58 x 167 ft oversized lot, this 1.5 storey home (3-bed 1.5-bath) offers incredible potential in one of the area's most desirable communities. This charming property provides a great opportunity for those looking to move into this prestigious neighbourhood, personalize over time, and create a space that reflects their own vision. For investors, the functional layout and separate side entrance offer potential for additional living space or future basement conversion opportunities. For builders, renovators, or those dreaming of a custom home, this premium lot provides the perfect setting to bring that vision to life. Located steps from the scenic Mill Pond, surrounded by mature trees, parks, top-rated schools, Mackenzie Health hospital, transit, and the local conveniences of downtown Richmond Hill, this is an exceptional chance to own a piece of one of the community's most established and desirable neighbourhoods. Whether you're looking to renovate, invest, or build new, the possibilities are endless!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$879,200
Land Transfer Taxes$18,455
Legal Fees (Est.)
$
Total cash required for closing$239,755

Total Monthly Obligation

$5,342/mo
Mortgage $4,433
Monthly Loss $4,175
Principal$1,167
Interest$3,267
Property Tax$534
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.4%16
10-Year IRR
7.8%
Returns Index
9.2/ 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
$40,572/yr
NOI
$25,607/yr
Net Cash Flow
-$2,299/mo
Cash Margin
-68.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
16.9/ 100

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

Comparables

Properties near 223 Richmond Street

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.