612 Elgin Mills Road W, Richmond Hill

$2,225,000
612 Elgin Mills Road W

$2,225,000

New
21d
Detached2-Storey

612 Elgin Mills Road W, Richmond Hill

Total Monthly Obligation $10,084

Beds
6
Baths
5
Park
8
Sqft
3500-5000
DOM
21d
Score
15
Yield
3.3%
Cash on Cash
-8.6%
Cap Rate
2.7%
5Y IRR
8.8%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-N13874232
Beds-6
Bathrooms-5
Size-3500-5000 sqft
Lot Size-72.18 × 131.23 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,809.61 (2026)
Parking-11 - Attached
Basement-Apartment, Finished
Heating-Forced Air (Gas)
Brokerage-JVRE
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Westbrook
Title-Residential Freehold

No agent assigned

Welcome to this exceptional executive home situated on an extra-wide 72.18 x 131.23 ft lot in a prime Richmond Hill neighbourhood. This impressive north-facing residence offers a rare combination of space, functionality and live/work potential. A circular driveway provides outstanding curb appeal and parking for up to 11 vehicles, complemented by a 3-car garage. Step inside to a grand central foyer, open to above and filled with natural light. The thoughtfully designed layout features a main-floor office and 6 bedrooms in total, including 2 bedrooms with private ensuites, offering excellent flexibility for large or multi-generational families. The finished basement apartment provides additional living space and versatile multi-area uses. The property offers a unique live/work-inspired environment with dedicated spaces that may be adapted for a home office or professional workspace, subject to applicable municipal requirements and approvals. A wheelchair porch lift located in the garage adds an important accessibility feature. Ideally positioned with convenient access to public transit, schools, parks, shopping and major commuter routes. Zoning: RS1. Buyers and Buyer's Agent are to conduct their own due diligence and confirm zoning, permitted uses and any intended use directly with the City of Richmond Hill. A distinctive opportunity to enjoy an executive residence with exceptional parking, generous interior space and flexible live/work possibilities in a highly convenient Richmond Hill location. Wheelchair Lift in the Garage

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,780,000
Land Transfer Taxes$42,100
Legal Fees (Est.)
$
Total cash required for closing$488,600

Total Monthly Obligation

$10,084/mo
Mortgage $8,975
Monthly Loss $7,722
Principal$2,362
Interest$6,613
Property Tax$734
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.5%16
10-Year IRR
7.8%
Returns Index
9.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$73,428/yr
NOI
$52,776/yr
Net Cash Flow
-$4,577/mo
Cash Margin
-74.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo16
Risk Index
13.1/ 100

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

Comparables

Properties near 612 Elgin Mills Road W

Time

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