23 Observatory Lane 26, Richmond Hill

$825,000
23 Observatory Lane 26

$825,000

New
16d
Condo Townhouse3-Storey

23 Observatory Lane 26, Richmond Hill

Total Monthly Obligation $4,183

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1600-1799
DOM
16d
Score
18
Yield
4.6%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Townhouse
MLS® Number-N13871530
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 7, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$4,051.36 (2026)
Maintenance-$317.4/mo
Locker-None
Parking-2 - Built-In
Basement-Walk-Out
Heating-Forced Air (Gas)
Brokerage-SUPERSTARS REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Observatory
Title-Residential Condo & Other

No agent assigned

Welcome To This Well Maintained 3 Bedroom, 3 Bathroom Townhouse Offers A Bright And Functional Layout With An Open Living And Dining Area Highlighted By A Large Window That Fills The Space With Natural Light. The Good Size Kitchen Features Upgraded Countertop, Sink And Faucet, Along With Newer Stainless Steel Appliances Including An Induction Stove. A Stylish Powder Room With An Upgraded Vanity Completes The Main Level. The Upper Floors Provide 3 Spacious Bedrooms And 2 Bathrooms, Including A Primary Bedroom With 4pc Ensuite And Walk-In Closet. Low Maintenance Fee Including Water, Plus The Convenience Of 1 Garage Parking And An Additional Driveway Parking Space. Enjoy Beautiful Landscaping. All Set In A Prime Location Close To Parks, Schools, Shopping, Restaurants, Transit And Major Highways.

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

Closing Costs

Mortgage Amount
$660,000
Land Transfer Taxes$12,975
Legal Fees (Est.)
$
Total cash required for closing$179,475

Total Monthly Obligation

$4,183/mo
Mortgage $3,328
Monthly Loss $3,307
Principal$876
Interest$2,452
Property Tax$338
Condo Fees$317
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.7%27
10-Year IRR
9.5%
Returns Index
14.7/ 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
$38,352/yr
NOI
$24,257/yr
Net Cash Flow
-$1,306/mo
Cash Margin
-40.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.6/ 100

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

Comparables

Properties near 23 Observatory Lane 26

Time

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Data last updated within the past 24 hours.