7 Philips Lake Court, Richmond Hill

$1,599,000
7 Philips Lake Court

$1,599,000

New
2d
Detached2-Storey

7 Philips Lake Court, Richmond Hill

Total Monthly Obligation $7,491

Beds
4
Baths
4
Park
4
Sqft
2500-3000
DOM
2d
Score
15
Yield
3.5%
Cash on Cash
-8.2%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Detached
MLS® Number-N14101308
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-44.95 × 88.58 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,996.29 (2026)
Parking-6 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Jefferson
Title-Residential Freehold

No agent assigned

Remarkable luxury home located in prestigious Jefferson Forest, a property where design, comfort & everyday living come together. Move in ready & thoughtfully upgraded. This home is approx 2,861 sqft with an additional 1,400 sqft unfinished in the bsmt. Newly renovated, ensuite with premium renovations shows in every room. The culinary chefs kitchen features quartz countertops, an extra large sink, a stainless steel & glass hood, a brand new Cafe six burner gas range & a brand new Samsung refrigerator, all amongst designer flooring & accent lighting. The master bedroom spa inspired ensuite features a curbless frameless glass shower with a rain shower system, custom vanities, a freestanding soaking tub, & LED lit anti fog mirrors. Every room carries the same attention to detail, from the smooth ceilings to the three coats of premium paint to the designer accent walls and the executive wainscoting. Smart home upgrades is a luxury touch, whole home LED pot lights, centrally monitored ring security with eight HD cameras, and Weiser smart locks. The private backyard is perfect for entertaining family and friends. You'll also find new modern garage doors, front & backyard is fully interlocked, professionally landscaped gardens and an illuminated address feature wall. You are walking distance to Philips Lake, the Oak Ridges Moraine Trail & parks, and within top ranked schools. Close to groceries (Farm Boy, Sobeys) shopping at Hillcrest Mall, and public transit & Highway 404/407. This is a rare opportunity to own a fully upgraded home in one of Jefferson Forest's most sought after pockets. Just Move In and Decorate! Open house Saturday Oct 24 @3-5pm & Sunday Oct 25 @2-4pm

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

Closing Costs

Mortgage Amount
$1,279,200
Land Transfer Taxes$28,455
Legal Fees (Est.)
$
Total cash required for closing$349,755

Total Monthly Obligation

$7,491/mo
Mortgage $6,450
Monthly Loss $5,794
Principal$1,697
Interest$4,753
Property Tax$666
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.4%0
5-Year IRR
6.6%16
10-Year IRR
7.9%
Returns Index
9.6/ 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
$56,196/yr
NOI
$38,080/yr
Net Cash Flow
-$3,277/mo
Cash Margin
-70.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.4/ 100

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

Comparables

Properties near 7 Philips Lake Court

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.