8888 Yonge Street 322, Richmond Hill

$578,000
8888 Yonge Street 322

$578,000

New
23d
Condo ApartmentApartment

8888 Yonge Street 322, Richmond Hill

Total Monthly Obligation $3,331

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
23d
Score
18
Yield
5.4%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-N13845168
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,804.78 (2026)
Maintenance-$566/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-FLEXIBLE
Neighbourhood-South Richvale
Title-Residential Condo & Other

No agent assigned

Step into Unit 322 at 8888 Yonge Street Condos, a l-year-new modern residence that blends comfort, style, and convenience in one of Richmond Hill's most dynamic neighborhood's. This thought fully crafted 2-bedroom, 2-bath suite offers a balanced layout with bright principal rooms, contemporary finishes, and a private outdoor space ideal for everyday living. The open-concept living and dining area flows seamlessly, creating a welcoming atmosphere for relaxing or entertaining. The primary bedroom features its own 3-piece bath, while the second bedroom provides flexible use for work, guests, or personal space. Both bathrooms show case clean, modern design-one with a deep tub for unwinding, the other with a streamlined glass shower. Located at the heart of Yonge & Highway 7, residents enjoy effortless access to transit, retail, dining, and upcoming infrastructure improvements. Minutes to Langstaff GO, VIVA, and the future Yonge Subway Extension, this address offers exceptional connectivity for commuters and investors alike. A perfect option for those seeking a fresh, move-in-ready suite in a growing, transit-oriented community.

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

Mortgage Amount
$462,400
Land Transfer Taxes$8,035
Legal Fees (Est.)
$
Total cash required for closing$125,135

Total Monthly Obligation

$3,331/mo
Mortgage $2,331
Monthly Loss $2,718
Principal$614
Interest$1,718
Property Tax$234
Condo Fees$566
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.4%25
10-Year IRR
9.4%
Returns Index
13.8/ 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
$31,440/yr
NOI
$16,299/yr
Net Cash Flow
-$973/mo
Cash Margin
-37.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.2/ 100

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

Comparables

Properties near 8888 Yonge Street 322

Time

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