198 Weldrick Road W, Richmond Hill

$1,200,000
198 Weldrick Road W

$1,200,000

New
4d
DetachedBungalow

198 Weldrick Road W, Richmond Hill

Total Monthly Obligation $5,909

Beds
4
Baths
2
Park
8
Sqft
1100-1500
DOM
4d
Score
15
Yield
3.6%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-N14095862
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-61.22 × 160.01 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$8,323.14 (2026)
Parking-10 - Attached
Basement-Finished, Walk-Up, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-TBA
Neighbourhood-North Richvale
Title-Residential Freehold

No agent assigned

A RARE 61' X 160' PRIME LOT WITH BUNGALOW OFFERING OVER 2,400 SQFT OF TOTAL LIVING SPACE IN A DESIRABLE RICHMOND HILL COMMUNITY! Exceptional opportunity for homeowners, investors and builders! This expansive property offers a generous lot, versatile living space and outstanding potential. Double car garage and extended driveway fit up to 10 cars. Covered front porch w/ outdoor lighting creates a welcoming first impression. Step inside to a foyer w/ mirrored closet, leading to a bright, spacious living and dining area featuring crown moulding and upgraded flooring (2025). Freshly painted walls all throughout. Upgraded kitchen offers a window for natural light, a stylish backsplash, a breakfast bar and a separate coffee station, complete w/ fridge, stove/oven and built-in microwave w/ hood fan. Adjoining breakfast area w/ window provides comfortable space for everyday meals. Three generously-sized bedrooms, each w/ closet space & window. Upgraded 4pc bathroom w/ new cabinetry, a tub and a shower, completes the main level. Downstairs, fully finished lower level w/ walk-up separate entrance adds valuable flexibility. Open-concept recreation room featuring a new gas fire insert, 4th bedroom, newly renovated 3pc bathroom w/ upgraded shower & an additional room w/ built-in cabinetry, ideal for a home office, gym or extra storage. The flexible layout offers excellent possibilities for extended family living. Outside, enjoy a beautifully landscaped yard w/ 6ft high wooden fence, 2 Autumn Fantasy Maple Tree trees for privacy & an expansive patio ideal for outdoor dining, entertaining and relaxing. Conveniently located in Richmond Hill, near parks, schools, public transit, Rutherford Marketplace, Hillcrest Mall, Hillcrest Heights Park, Richvale Community Centre, and more! A generous lot, ample parking and flexible living space make this property an appealing opportunity for families and investors exploring land value in an established area! **Some photos are virtually staged.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$960,000
Land Transfer Taxes$20,475
Legal Fees (Est.)
$
Total cash required for closing$261,975

Total Monthly Obligation

$5,909/mo
Mortgage $4,840
Monthly Loss $4,635
Principal$1,274
Interest$3,567
Property Tax$694
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.3%0
5-Year IRR
6.0%14
10-Year IRR
7.5%
Returns Index
8.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$43,656/yr
NOI
$26,467/yr
Net Cash Flow
-$2,635/mo
Cash Margin
-72.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
15.8/ 100

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

Comparables

Properties near 198 Weldrick Road W

Time

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