10 Driftwood Court, Richmond Hill

$1,848,000
10 Driftwood Court

$1,848,000

New
22d
Detached2-Storey

10 Driftwood Court, Richmond Hill

Total Monthly Obligation $8,520

Beds
4
Baths
3
Park
4
Sqft
3000-3500
DOM
22d
Score
14
Yield
2.7%
Cash on Cash
-11.4%
Cap Rate
2.1%
5Y IRR
6.7%
10Y IRR
7.7%
Property Type-Detached
MLS® Number-N13856468
Beds-4
Bathrooms-3
Size-3000-3500 sqft
Lot Size-81.23 × 131.03 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,292.73 (2026)
Parking-6 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Oak Ridges
Title-Residential Freehold

No agent assigned

A RARE DOUBLE LOT NESTLED ON A QUIET COURT IN THE DESIRABLE OAK RIDGES COMMUNITY! Discover this spacious 2-storey all-brick home offering exceptional space, functionality and future potential. Freshly painted interior and exterior, new garage doors, new washer and dryer! Long driveway accommodates up to 6 vehicles plus a 2-car garage. Step through double doors into an impressive foyer with high ceilings, wainscoting and a grand hardwood staircase. Hardwood floors throughout the main level. Bright, well-equipped kitchen features ample cabinetry and built-in appliances. Open breakfast area with a walkout to the deck and yard. Elegant dining room features a beautiful chandelier and tray ceiling. Living room with bright windows is perfect for entertaining. Convenient laundry room includes full-size washer and dryer, cabinetry and sink. The upper-level landing boasts an arched picture window and overlooks the main level. Spacious great room offers vaulted ceilings, fireplace and picture window, with potential to convert into an additional bedroom. Generous primary suite features double closets and a 4pc ensuite with jacuzzi tub. Three additional bedrooms provide excellent closet space and natural light. Unfinished lower level offers abundant potential for additional living space, recreation area, home office or storage. Set on a generous double lot, it features a large backyard, deck and potential to divide the lot. Located close to Lake Wilcox, Oak Ridges Community Centre, parks, schools, shopping, dining, transit and major routes. An exceptional opportunity combining a spacious family home, prime lot and exciting future potential! **Some photos are virtually staged.

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

Closing Costs

Mortgage Amount
$1,478,400
Land Transfer Taxes$33,435
Legal Fees (Est.)
$
Total cash required for closing$404,535

Total Monthly Obligation

$8,520/mo
Mortgage $7,454
Monthly Loss $6,559
Principal$1,962
Interest$5,493
Property Tax$691
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.3%0
5-Year IRR
4.4%9
10-Year IRR
6.2%
Returns Index
5.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$50,628/yr
NOI
$32,772/yr
Net Cash Flow
-$4,723/mo
Cash Margin
-112.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.373
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
13.2/ 100

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

Comparables

Properties near 10 Driftwood Court

Time

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