29 Northern Hts Drive N 615, Richmond Hill

$499,000
29 Northern Hts Drive N 615

$499,000

New
28d
Condo ApartmentApartment

29 Northern Hts Drive N 615, Richmond Hill

Total Monthly Obligation $3,475

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
28d
Score
19
Yield
7.2%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-N13830654
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 25, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,402 (2025)
Maintenance-$1,062.45/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick Front, Concrete
Roof-Unknown
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-Langstaff
Title-Residential Condo & Other

No agent assigned

LOCATION, LOCATION, LOCATION! Welcome to this exquisite 2-bedroom, 2-bathroom condo offering over 900 sq. ft. of bright, spacious living space, plus a private balcony, in the heart of Richmond Hill. Located in the highly sought-after Empire Place gated community, this beautifully maintained suite offers an exceptional combination of comfort, style, and convenience. Step inside to a thoughtfully designed layout featuring floor-to-ceiling windows, elegant crown molding, and stylish accent lighting throughout. The open-concept kitchen boasts modern cabinetry, stainless steel appliances including a fridge, oven, and dishwasher, sleek backsplash, and a convenient breakfast bar-perfect for everyday living or entertaining. The expansive living and dining area provides plenty of room to relax or host guests, with a seamless walkout to your large private balcony overlooking peaceful, picturesque surroundings-a rare and desirable feature in condo living. The spacious primary bedroom offers a relaxing retreat with a walk-in closet and stylish 3-piece ensuite featuring a glass-enclosed shower. The bright second bedroom includes its own walkout to the balcony and convenient access to the 4-piece main bathroom, complete with a shower/tub combination. Additional features include in-suite laundry, one underground parking space, and one locker. Residents enjoy the security of a well-managed building with 24-hour gated security, along with resort-style amenities including an indoor pool, gym, sauna, tennis court, party room, and ample visitor parking. Maintenance fees include all utilities and Wi-Fi. Enjoy an unbeatable Richmond Hill location just steps from Langstaff GO Station and Viva/YRT transit, with easy access to Highways 407 and 404, Hillcrest Mall, restaurants, top-rated schools, parks, and scenic trails. Whether you're a first-time buyer, downsizer, or investor, this move-in-ready suite offers an ideal blend of lifestyle, location, and value.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,475/mo
Mortgage $2,013
Monthly Loss $2,946
Principal$530
Interest$1,483
Property Tax$200
Condo Fees$1,062
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
9.0%29
10-Year IRR
10.1%
Returns Index
15.5/ 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
$35,760/yr
NOI
$14,633/yr
Net Cash Flow
-$793/mo
Cash Margin
-26.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
23.5/ 100

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

Comparables

Properties near 29 Northern Hts Drive N 615

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.