21 Iron Horse Avenue, Richmond Hill

$999,900
21 Iron Horse Avenue

$999,900

New
15d
Att/Row/Townhouse2-Storey

21 Iron Horse Avenue, Richmond Hill

Total Monthly Obligation $4,905

HausQ Valuation Report
Beds
5
Baths
4
Park
3
Sqft
1500-2000
DOM
15d
Score
17
Yield
4.2%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Att/Row/Townhouse
MLS® Number-N13876778
Beds-5
Bathrooms-4
Size-1500-2000 sqft
Lot Size-7.93 × 23 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-16-30
Taxes-$5,962 (2025)
Parking-3 - Built-In
Basement-Apartment, Finished
Heating-Forced Air (Gas)
Brokerage-JDL REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Brick
Sewer-Sewer
Possession-TBA
Neighbourhood-Langstaff
Title-Residential Freehold

No agent assigned

BRIGHT & BEAUTIFULLY RENOVATED CORNER-UNIT FREEHOLD TOWNHOME in a highly sought-after Richmond Hill neighbourhood! Approx. 1,850 sq. ft. plus a FINISHED BASEMENT, offering exceptional space for the whole family. This move-in-ready home features 3 spacious bedrooms, a functional open-concept layout, renovated kitchen & bathrooms, upgraded flooring throughout the upper level with NO CARPET, and large windows bringing in an abundance of natural light. OVER $50,000 SPENT ON UPGRADES & RENOVATIONS! The FINISHED BASEMENT features a kitchen, bathroom & 2 additional rooms, providing excellent additional living space for a recreation room, home office or guest area. Enjoy a fully fenced backyard, private driveway and direct garage access. 3 parking spaces- 1 garage+ 2 driveway. Located in a TOP-RANKED SCHOOL AREA, close to parks, shopping, restaurants, public transit, Hwy 7 & 407. NO MAINTENANCE FEES! A rare opportunity to own a spacious, upgraded END-UNIT FREEHOLD TOWNHOME in one of Richmond Hill's most desirable family-friendly communities. BRIGHT, SPACIOUS & MOVE-IN READY!

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Closing Costs

Mortgage Amount
$799,920
Land Transfer Taxes$16,473
Legal Fees (Est.)
$
Total cash required for closing$217,953

Total Monthly Obligation

$4,905/mo
Mortgage $4,033
Monthly Loss $3,844
Principal$1,061
Interest$2,972
Property Tax$497
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%16
Cash-on-Cash
-9.7%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$42,228/yr
NOI
$27,543/yr
Net Cash Flow
-$1,738/mo
Cash Margin
-49.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo30
Risk Index
18.3/ 100

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

Comparables

Properties near 21 Iron Horse Avenue

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.