249 Major Mackenzie Drive E 204, Richmond Hill

$449,000
249 Major Mackenzie Drive E 204

$449,000

New
21d
Condo ApartmentApartment

249 Major Mackenzie Drive E 204, Richmond Hill

Total Monthly Obligation $3,027

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
21d
Score
18
Yield
6.3%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Condo Apartment
MLS® Number-N13853128
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,673.01 (2025)
Maintenance-$876/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ICI SOURCE REAL ASSET SERVICES INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Nov 1,2026
Neighbourhood-Harding
Title-Residential Condo & Other

No agent assigned

Welcome to high-convenience urban living in one of Richmond Hill's most mature and highly sought-aftercommunities!This beautifully designed 1-bedroom plus den (1+1) unit offers the perfect blend of modern comfort and functional living space. The versatile den is ideal for a dedicated home office, a cozy media room, or guestspace. Location Highlights: Commuter's Paradise: Unbeatable transit access! Steps to YRT/VIVA bus stations and just minutes to the Richmond Hill GO Station for a seamless commute.Daily Conveniences: Walk to Hillcrest Mall, major banks, premium supermarkets (including T&T and local favorites), diverse dining options, and excellent schools.The Neighborhood: Nestled in a beautifully established, safe, and vibrant community that offers the perfect balance of city energy and suburban peace. Whether you are a first-time homebuyer, a professional looking for an effortless commute, or an investor seeking a high-demand rental property, this condo check all the boxes. Don't miss out on this Richmond Hill gem! *For Additional Property Details Click The Brochure Icon Below*

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Closing Costs

Mortgage Amount
$359,200
Land Transfer Taxes$5,455
Legal Fees (Est.)
$
Total cash required for closing$96,755

Total Monthly Obligation

$3,027/mo
Mortgage $1,811
Monthly Loss $2,550
Principal$477
Interest$1,335
Property Tax$139
Condo Fees$876
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%0
5-Year IRR
7.2%19
10-Year IRR
8.7%
Returns Index
10.7/ 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
$28,368/yr
NOI
$10,946/yr
Net Cash Flow
-$899/mo
Cash Margin
-38.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
25.5/ 100

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

Comparables

Properties near 249 Major Mackenzie Drive E 204

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.