309 Major Mackenzie Drive 909, Richmond Hill

$589,000
309 Major Mackenzie Drive 909

$589,000

New
20d
Common Element CondoApartment

309 Major Mackenzie Drive 909, Richmond Hill

Total Monthly Obligation $4,143

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
20d
Score
19
Yield
7.5%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Common Element Condo
MLS® Number-N13859914
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 3, 2026
Style-Apartment
Building Type-Common Element Condo
Taxes-$2,660.61 (2025)
Maintenance-$1,345.7/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-KW Living Realty
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-Harding
Title-Residential Condo & Other

No agent assigned

Welcome to/this stunning Cedar Gate Condos at Richmond Hill. Great Location, Quite, beautifu,well Kept. Largest corner unit 1374 sq ft. An Open concept Design filled with Natural sunlightand a clear South East side view, perfect spot to enjoy your morning coffee or unwind at sunrise for breakfast. Eat-in Kitchen w/granite counters & back splash. The large primary bedroom with generous walk in closet, Spacious 2nd bedroom with large closet. Bright & large open-concept Living room combined with dinning area. Maintenance fee includes: Internet, Cable, Allutilities, 24 Security, Bldg Insurance, Parking. Amenities: Swimming Pool, Pickleball & TennisCourts, Sauna, Squash Courts, Party/Meeting Room, Exarciso Room, Visitor Parking. Super convonient location, steps to public transit, GO Train Station, Shopping, Library, Hospital andTop-rated Schools. It's rare to have such beautiful and oversize corner suite with Well managedcommunities at R.H. Must See!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$471,200
Land Transfer Taxes$8,255
Legal Fees (Est.)
$
Total cash required for closing$127,555

Total Monthly Obligation

$4,143/mo
Mortgage $2,376
Monthly Loss $3,518
Principal$625
Interest$1,751
Property Tax$222
Condo Fees$1,346
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.7%33
10-Year IRR
10.6%
Returns Index
17.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$43,968/yr
NOI
$18,362/yr
Net Cash Flow
-$846/mo
Cash Margin
-23.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
21.0/ 100

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

Comparables

Properties near 309 Major Mackenzie Drive 909

Time

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Data last updated within the past 24 hours.