3 ELLESMERE Street 721, Richmond Hill

$499,000
3 ELLESMERE Street 721

$499,000

Price Change
18d
Condo ApartmentApartment

3 ELLESMERE Street 721, Richmond Hill

Total Monthly Obligation $3,263

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
18d
Score
20
Yield
7.0%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Condo Apartment
MLS® Number-N13864742
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 5, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,277.36 (2026)
Maintenance-$860.69/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-Brick, Concrete
Possession-FLEXIBLE
Neighbourhood-Langstaff
Title-Residential Condo & Other

No agent assigned

Welcome to The Gates of Bayview Glen, where this bright and beautifully maintained 7th-floor suite offers approximately 840 sq. ft. of thoughtfully designed living space, unobstructed northeast views and a fantastic 2-bedroom layout. One of its standout features is the spacious L-shaped living and dining area, providing a true separate dining space with plenty of room for a full dining table while still maintaining an open, airy feel. Large windows fill the suite with natural light, while the updated kitchen features a breakfast bar overlooking the main living area and direct access to the private balcony. Both bedrooms are impressively spacious, offering the flexibility for comfortable everyday living, guests or a proper work-from-home space without sacrificing a bedroom. Laminate flooring in the living and dining areas, excellent storage, one full bathroom, underground parking and a locker complete the package. Ideally located steps to Yonge Street and close to shopping, restaurants, parks and schools, with easy access to Hwy 407 and one bus to Finch Subway Station. Whether you're a first-time buyer, downsizer, professional or investor, this is a condo where the square footage works as well as the location. The photos tell part of the story. The layout might just seal the deal.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$3,263/mo
Mortgage $2,013
Monthly Loss $2,734
Principal$530
Interest$1,483
Property Tax$190
Condo Fees$861
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
10.1%36
10-Year IRR
10.9%
Returns Index
19.1/ 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
$34,752/yr
NOI
$16,271/yr
Net Cash Flow
-$657/mo
Cash Margin
-22.7%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
25.3/ 100

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

Comparables

Properties near 3 ELLESMERE Street 721

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.