224 Matawin Lane, Richmond Hill

$888,000
224 Matawin Lane

$888,000

New
16d
Condo Townhouse3-Storey

224 Matawin Lane, Richmond Hill

Total Monthly Obligation $3,980

HausQ Valuation Report
Beds
3
Baths
4
Park
1
Sqft
1400-1599
DOM
16d
Score
18
Yield
3.9%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Condo Townhouse
MLS® Number-N13872750
Beds-3
Bathrooms-4
Size-1400-1599 sqft
Listed on site-Oct 7, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-0-5
Maintenance-$198.18/mo
Locker-None
Parking-1 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-FIRST CLASS REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-30/60/90/TBA
Neighbourhood-Headford Business Park
Title-Residential Condo & Other

No agent assigned

Welcome To This Beautiful Corner Unit Townhome By Treasure Hill In The Desirable Legacy Hill Community. Featuring The Largest Layout In The Project At 1,502 Sq. Ft., With 3 Bedrooms, 4 Bathrooms, A Finished Basement And 2 Private Balconies. Loaded With Builder Upgrades, Including Smooth Ceilings, Vinyl Flooring, And An Upgraded Kitchen With Quartz Countertops, Waterfall Island, Soft-Close Cabinetry And Stainless Steel Appliances. Quietly Located On An Interior Street Away From Major Mackenzie, With Visitor Parking Right At Your Doorstep. Minutes To Costco, T&T, Walmart, Parks And Top-Rated Schools, With Convenient Access To Public Transit And GO Station, Plus Quick Access To Hwy 404 & 407.

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

Closing Costs

Mortgage Amount
$710,400
Land Transfer Taxes$14,235
Legal Fees (Est.)
$
Total cash required for closing$193,335

Total Monthly Obligation

$3,980/mo
Mortgage $3,582
Monthly Loss $3,038
Principal$943
Interest$2,639
Condo Fees$198
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.4/ 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
$34,320/yr
NOI
$26,110/yr
Net Cash Flow
-$1,406/mo
Cash Margin
-49.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.4/ 100

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

Comparables

Properties near 224 Matawin Lane

Time

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Data last updated within the past 24 hours.