40 Harding Boulevard W 603, Richmond Hill

$485,000
40 Harding Boulevard W 603

$485,000

New
21d
Condo Apartment1 Storey/Apt

40 Harding Boulevard W 603, Richmond Hill

Total Monthly Obligation $3,312

Bed+Den
2+1
Baths
2
Park
1
Sqft
1000-1199
DOM
21d
Score
20
Yield
7.4%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.4%
Property Type-Condo Apartment
MLS® Number-N13856844
Bed+Den-2+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 2, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,401 (2026)
Maintenance-$955.33/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS EDGE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-North Richvale
Title-Residential Condo & Other

No agent assigned

Welcome to The Dynasty at 40 Harding Blvd W, one of Richmond Hill's most established condo communities, just off Yonge Street and Major Mackenzie Drive. Suite 603 offers approximately 1,025 sq ft of bright, well-planned living space with 1 bedroom plus solarium, 1.5 bathrooms, and peaceful north-northwest views over landscaped gardens and mature trees. The open-concept living and dining room is framed by floor-to-ceiling windows and finished in warm wood-look laminate, with space for a full dining suite and easy entertaining. The kitchen offers granite countertops and generous cabinetry. The 180 sq ft solarium is the showpiece: a sun-filled, year-round room with walkouts from both the living room and bedroom, ideal as a home office, den, breakfast room, or a quiet place to watch the sunset. The spacious primary bedroom features a walk-in closet and a 5-piece ensuite with corner soaker tub and separate shower. A 2-piece powder room for guests, a proper foyer, and a large ensuite laundry room with extra storage complete the layout. Residents enjoy resort-style amenities including 24-hour gatehouse security, an indoor pool, sauna, fitness centre, squash court, party room, and games room. One parking space included #61. Maintenance fee's include Heating, Hydro, Water, Cable TV, CAC, Building Insurance, Parking, Common Elements. Walk to Yonge Street shops and restaurants, Viva and YRT transit, Mackenzie Richmond Hill Hospital, Richmond Hill Central Library, and Mill Pond Park. Minutes to Richmond Hill GO, Hillcrest Mall, and Highways 404 and 407. A rare opportunity to own a suite in a quiet, secure building with on-site management and spectacular views.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$388,000
Land Transfer Taxes$6,175
Legal Fees (Est.)
$
Total cash required for closing$104,675

Total Monthly Obligation

$3,312/mo
Mortgage $1,956
Monthly Loss $2,797
Principal$515
Interest$1,442
Property Tax$200
Condo Fees$955
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.3%38
10-Year IRR
11.1%
Returns Index
19.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$35,844/yr
NOI
$15,995/yr
Net Cash Flow
-$623/mo
Cash Margin
-20.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.1/ 100

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

Comparables

Properties near 40 Harding Boulevard W 603

Time

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Data last updated within the past 24 hours.