70 Current Drive, Richmond Hill

$1,999,000
70 Current Drive

$1,999,000

New
7d
Detached2-Storey

70 Current Drive, Richmond Hill

Total Monthly Obligation $9,384

Beds
4
Baths
4
Park
4
Sqft
3000-3500
DOM
7d
Score
14
Yield
2.6%
Cash on Cash
-12.4%
Cap Rate
1.9%
5Y IRR
5.9%
10Y IRR
7.1%
Property Type-Detached
MLS® Number-N14089498
Beds-4
Bathrooms-4
Size-3000-3500 sqft
Lot Size-44.62 × 90.29 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$11,348.35 (2026)
Parking-6 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-KW Living Realty
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-North
Exterior-Brick, Stone
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Rural Richmond Hill
Title-Residential Freehold

No agent assigned

Welcome to this bright and spacious, never-lived-in 4-bedroom detached home, offering an exceptional blend of space, functionality, and outdoor living in one of Richmond Hill's vibrant newer communities. Situated on a premium pie-shaped lot with an approximately 60-ft-wide rear yard, the expansive backyard offers endless possibilities for entertaining, gardening, family activities, or creating your own private outdoor retreat. Featuring a desirable south-facing exposure, this sun-filled home boasts a spacious open-concept layout and an upgraded modern kitchen featuring approximately $50,000 in renovations, brand-new stainless steel appliances, and a gas line ready for a future gas range. The bathrooms are beautifully appointed with stylish vanities and quartz countertops, adding a touch of modern elegance. The thoughtfully designed second floor features two ensuite bedrooms for enhanced privacy and convenience. All bedrooms offer large windows and walk-in closets, with the primary bedroom featuring an exceptionally spacious walk-in closet. A versatile second-floor den provides flexible space for a home office, study, exercise area, or potential fifth bedroom. Enjoy a highly convenient location just minutes from parks, Richmond Hill Sports Centre, restaurants, Costco, Dollarama, Home Depot, Walmart, and a wide range of everyday amenities. Easy access to Highway 404 and GO Transit makes commuting throughout Richmond Hill and the GTAa breeze. *Some Photos were taken prior to the property being de-staged .*

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,599,200
Land Transfer Taxes$36,455
Legal Fees (Est.)
$
Total cash required for closing$437,755

Total Monthly Obligation

$9,384/mo
Mortgage $8,063
Monthly Loss $7,262
Principal$2,122
Interest$5,942
Property Tax$946
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
3.7%8
10-Year IRR
5.7%
Returns Index
5.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$52,536/yr
NOI
$31,434/yr
Net Cash Flow
-$5,444/mo
Cash Margin
-124.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.6/ 100

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

Comparables

Properties near 70 Current Drive

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.