2 David Eyer Road 625, Richmond Hill

$669,900
2 David Eyer Road 625

$669,900

New
21d
Condo ApartmentApartment

2 David Eyer Road 625, Richmond Hill

Total Monthly Obligation $3,947

Bed+Den
3+1
Baths
2
Park
1
Sqft
900-999
DOM
21d
Score
17
Yield
5.2%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Condo Apartment
MLS® Number-N13852990
Bed+Den-3+1
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$3,296 (2026)
Maintenance-$770.54/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE VISION REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60-89 days
Neighbourhood-Rural Richmond Hill
Title-Residential Condo & Other

No agent assigned

Experience elevated condo living at Elgin East! This stunning 2-Bedroom + Den, 2-Full Bathroom suite offers an exceptional blend of style, space, and functionality in one of Richmond Hill's most desirable communities. Featuring a bright open-concept layout, the upgraded kitchen is designed to impress with a centre island, premium finishes, and seamless flow into the spacious living and dining areas-perfect for both everyday living and entertaining. Enjoy breathtaking west-facing sunset views from the expansive 210 sq. ft. wrap-around balcony, while also taking in additional south and north exposures that flood the suite with natural light throughout the day. The versatile den is generously sized and ideal as a home office, guest room, or potential third bedroom. The thoughtfully designed split-bedroom floor plan offers privacy and comfort, complemented by two full bathrooms and modern finishes throughout. Included for added convenience are one underground parking space and a locker for extra storage. Located in the highly sought-after Elgin East community, residents enjoy luxury amenities and a prime Richmond Hill location close to parks, trails, shopping, dining, public transit, and major commuter routes. A rare opportunity to own a bright, spacious, and beautifully upgraded suite with spectacular panoramic views. "Virtual Staging used. Not to scale"

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$535,920
Land Transfer Taxes$9,873
Legal Fees (Est.)
$
Total cash required for closing$145,353

Total Monthly Obligation

$3,947/mo
Mortgage $2,702
Monthly Loss $3,236
Principal$711
Interest$1,991
Property Tax$275
Condo Fees$771
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%0
5-Year IRR
7.0%18
10-Year IRR
8.4%
Returns Index
10.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$34,656/yr
NOI
$16,248/yr
Net Cash Flow
-$1,348/mo
Cash Margin
-46.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.7/ 100

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

Comparables

Properties near 2 David Eyer Road 625

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.