6 DAVID EYER Road 307, Richmond Hill

$499,000
6 DAVID EYER Road 307

$499,000

New
25d
Condo ApartmentApartment

6 DAVID EYER Road 307, Richmond Hill

Total Monthly Obligation $2,997

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
1
Sqft
600-699
DOM
25d
Score
18
Yield
5.6%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-N13841270
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,535.32 (2025)
Maintenance-$572.76/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Rural Richmond Hill
Title-Residential Condo & Other

No agent assigned

Welcome to Elgin East by Sequoia Grove Homes. Excellent opportunity for first-time buyers, Downsizers or investors. Great location, Family friendly community. Spacious 1+1 bedrooms, convenient 2 bathrooms, 652 sq. Excellent layout, Open concept with a balcony , Very bright, 9 feet smooth ceiling through out, Modern kitchen, Quartz countertop , Built in appliances .Condo amenities include concierge, piano lounge, party room, outdoor BBQ, Theater, hobby room, gym and a yoga studio. Great location, minutes from Costco, Home Depot, Walmart, Dollarama, Restaurants, Library, Community Centre Hwy 404, and GO Train station.

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

Closing Costs

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

Total Monthly Obligation

$2,997/mo
Mortgage $2,013
Monthly Loss $2,467
Principal$530
Interest$1,483
Property Tax$211
Condo Fees$573
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.0%23
10-Year IRR
9.2%
Returns Index
12.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$28,164/yr
NOI
$13,539/yr
Net Cash Flow
-$885/mo
Cash Margin
-37.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
26.1/ 100

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

Comparables

Properties near 6 DAVID EYER Road 307

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.