52 Grimsby Lane, Richmond Hill

$1,329,000
52 Grimsby Lane

$1,329,000

New
22d
Condo Townhouse3-Storey

52 Grimsby Lane, Richmond Hill

Total Monthly Obligation $5,561

Beds
4
Baths
5
Park
2
Sqft
2500-2749
DOM
22d
Score
18
Yield
3.9%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Condo Townhouse
MLS® Number-N13850768
Beds-4
Bathrooms-5
Size-2500-2749 sqft
Listed on site-Oct 1, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-New
Maintenance-$0.14/mo
Locker-None
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-TIMES GROUP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-60-89 days
Neighbourhood-Rural Richmond Hill
Title-Residential Condo & Other

No agent assigned

Welcome To Skylands By Times Group Corporation! A Rare Boutique Townhome Community Nestled In The Heart Of Richmond Hill. This Brand New Luxurious Townhouse Offers Over 3,100 Sq Ft Of Living Space Featuring 4 Bedrooms and 5.5 Bathrooms While Filled With Natural Lighting From Sunrise To Sunset. Open Concept Living and Dining Areas Graciously Combined For Everyday Modern Living And Entertaining. Gourmet Kitchen Equipped With Quartz Countertops, Contemporary Soft-Close Cabinetry, Full Backsplash, Valance Lighting, Stainless Steel Appliances, And A Kitchen Island With Built-In Wine Cooler. Cozy Breakfast Area That Seamlessly Walks Out Onto An Expansive Private Terrace With BBQ Gas Line Perfect For Outdoor Dining. Primary Bedroom With 4-Pc Ensuite, A Oversized Walk-In Closet and Walk-Out To A Private Balcony. Ground Floor Bedroom With 3 Pc-Ensuite And A Walk-In Closet Perfect For Guests Or Multigenerational Living. This Townhome Showcases Quality Craftsmanship And Premium Finishes Featuring 9Ft Smooth Ceilings, Engineered Hardwood Flooring and Pot Lights. Upgraded Baseboards, Casings, And Solid Doors. Fully Finished Basement Plus Backyard. High-Velocity Two-Zone Energy-Efficient HVAC System With A/C And Central Vacuum Rough-In. Double-Car Garage Includes A 40-Amp EV Charger Rough-In And Automatic Garage Door Opener Complemented By Two Additional Driveway Parking Spaces. A Hidden Neighborhood Pond Surrounded By Protected Greenspace And A Scenic Walking Trail That Provides A Naturally Peaceful And Tranquil Escape That Elevates And Sets This Community Apart. Conveniently Located To Future Community Centre, Richmond Green Secondary School, Richmond Green Park, And Public Transit. Nearby Costco, Home Depot, Paris Baguette, Healthy Planet and Staples. Short Drive To Highway 404 And Richmond Hill Go Station. Enjoy The Added Value Of The 7-Year Tarion Warranty Coverage, Eligibility For The HST New Housing Rebate, And $0 Development Charges

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

Closing Costs

Mortgage Amount
$1,063,200
Land Transfer Taxes$23,055
Legal Fees (Est.)
$
Total cash required for closing$290,355

Total Monthly Obligation

$5,561/mo
Mortgage $5,361
Monthly Loss $4,150
Principal$1,411
Interest$3,950
Condo Fees$0
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.1%36
10-Year IRR
10.5%
Returns Index
19.2/ 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
$52,428/yr
NOI
$44,784/yr
Net Cash Flow
-$1,629/mo
Cash Margin
-37.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
18.2/ 100

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

Comparables

Properties near 52 Grimsby Lane

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