3 Rosewater Street 1502W, Richmond Hill

$498,000
3 Rosewater Street 1502W

$498,000

New
17d
Condo ApartmentApartment

3 Rosewater Street 1502W, Richmond Hill

Total Monthly Obligation $3,218

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
17d
Score
18
Yield
6.3%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.7%
Property Type-Condo Apartment
MLS® Number-N13867030
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,880.79 (2026)
Maintenance-$769.54/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX EXCEL REALTY LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediately / TBA
Neighbourhood-South Richvale
Title-Residential Condo & Other

No agent assigned

Steps from the New Subway Station of the upcoming Yonge North Subway Extension, providing a fantastic opportunity for future appreciation, this prime corner suite in the heart of Richmond Hill features a stunning, sunlit 2-bedroom, 2-bathroom layout with unobstructed views and a practical split-bedroom design for maximum privacy. The open-concept living and dining areas showcase 9-foot smooth-finished ceilings, oversized floor-to-ceiling windows, and wide-plank light flooring, complemented by a modern kitchen equipped with quartz countertops, a stylish backsplash, and a functional center island with a breakfast bar. Additional highlights include a private open balcony, a generous secondary bathroom, in-suite laundry, an owned parking space, and an owned locker, all set in an unbeatable location just steps from local transit, Langstaff GO Station, Cineplex Plaza, shopping, restaurants, Walmart, LCBO, and top-rated schools.

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

Closing Costs

Mortgage Amount
$398,400
Land Transfer Taxes$6,435
Legal Fees (Est.)
$
Total cash required for closing$107,535

Total Monthly Obligation

$3,218/mo
Mortgage $2,009
Monthly Loss $2,690
Principal$529
Interest$1,480
Property Tax$240
Condo Fees$770
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.3%25
10-Year IRR
9.5%
Returns Index
13.5/ 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
$31,440/yr
NOI
$13,781/yr
Net Cash Flow
-$860/mo
Cash Margin
-32.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.7/ 100

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

Comparables

Properties near 3 Rosewater Street 1502W

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.