8888 Yonge Street 622, Richmond Hill

$643,000
8888 Yonge Street 622

$643,000

New
4d
Condo ApartmentApartment

8888 Yonge Street 622, Richmond Hill

Total Monthly Obligation $3,498

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
4d
Score
19
Yield
5.4%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-N14095722
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Taxes-$2,556 (2026)
Maintenance-$491.14/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Electric)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-IMMEDIATE
Neighbourhood-South Richvale
Title-Residential Condo & Other

No agent assigned

Discover Luxury Living at 8888 Yonge Street! An exceptional opportunity to own a BRAND-NEW, NEVER-LIVED-IN, BUILDER-DIRECT residence in the heart of Richmond Hill! Professionally staged and beautifully presented, this stunning 2-bedroom, 2-bathroom suite offers 708 sq. ft. of thoughtfully designed interior living space plus an impressive 85 sq. ft. private terrace. Enjoy a functional, modern layout featuring a spacious primary bedroom, a versatile second bedroom ideal for guests or a home office, and two stylish 3-piece bathrooms, one with a relaxing bathtub and the other with a sleek glass-enclosed shower. Desirable northwest exposure offers beautiful, clear, unobstructed views, creating the perfect setting to relax and unwind. Experience the convenience of an unbeatable location at Yonge Street and Highway 7, just minutes from shopping, restaurants, entertainment, Langstaff GO Station, VIVA Transit, and the planned Yonge North Subway Extension. An incredible opportunity for first-time buyers, professionals, and investors alike! Parking available for purchase at $60,000 plus applicable taxes and locker at $5,000. BUILDER VTB FINANCING AVAILABLE! Advertised price excludes HST. Enjoy peace of mind with TARION NEW HOME WARRANTY coverage!. Your opportunity to own a beautiful new home in one of Richmond Hill's most convenient locations starts here.

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

Closing Costs

Mortgage Amount
$514,400
Land Transfer Taxes$9,335
Legal Fees (Est.)
$
Total cash required for closing$139,435

Total Monthly Obligation

$3,498/mo
Mortgage $2,594
Monthly Loss $2,815
Principal$683
Interest$1,911
Property Tax$213
Condo Fees$491
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.4%32
10-Year IRR
10.2%
Returns Index
16.9/ 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
$34,428/yr
NOI
$20,136/yr
Net Cash Flow
-$916/mo
Cash Margin
-31.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
23.8/ 100

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

Comparables

Properties near 8888 Yonge Street 622

Time

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Data last updated within the past 24 hours.