2 David Eyer Road 524, Richmond Hill

$535,000
2 David Eyer Road 524

$535,000

New
21d
Condo ApartmentApartment

2 David Eyer Road 524, Richmond Hill

Total Monthly Obligation $3,179

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
1
Sqft
600-699
DOM
21d
Score
18
Yield
5.3%
Cash on Cash
-6.7%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Condo Apartment
MLS® Number-N13854194
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,728.77 (2026)
Maintenance-$593.84/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/TBA
Neighbourhood-Rural Richmond Hill
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and beautifully appointed 1+1 bedroom, 2 full bathroom condo, offering 683 sq. ft. of thoughtfully designed interior living space plus an impressive 226 sq. ft. wraparound balcony. Enjoy all-day natural sunlight and stunning southeast views from the expansive outdoor space. Perfect for morning coffee, entertaining, or simply relaxing and taking in the views. The open-concept layout features a modern kitchen with integrated appliances, ample cabinetry, and a spacious living and dining area filled with natural light. The versatile den provides excellent space for a home office, guest area, or additional living space. Two full bathrooms offer added convenience, including a 3 piece ensuite. The generous primary bedroom provides a comfortable retreat with a large closet, and south views. Complete with 1 parking space and 1 locker, this condo combines modern living, abundant outdoor space, and practical amenities in one exceptional package. Close to Hwy 404, your commute has never been easier.

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Closing Costs

Mortgage Amount
$428,000
Land Transfer Taxes$7,175
Legal Fees (Est.)
$
Total cash required for closing$115,675

Total Monthly Obligation

$3,179/mo
Mortgage $2,158
Monthly Loss $2,611
Principal$568
Interest$1,590
Property Tax$227
Condo Fees$594
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.1%1
5-Year IRR
7.1%18
10-Year IRR
8.4%
Returns Index
10.5/ 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
$13,093/yr
Net Cash Flow
-$1,067/mo
Cash Margin
-45.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
24.6/ 100

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

Comparables

Properties near 2 David Eyer Road 524

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.