56 Elizabeth Street 1404, Richmond Hill

$649,900
56 Elizabeth Street 1404

$649,900

New
15d
Condo TownhouseStacked Townhouse

56 Elizabeth Street 1404, Richmond Hill

Total Monthly Obligation $3,653

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
15d
Score
19
Yield
5.7%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Condo Townhouse
MLS® Number-N13877426
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-0-5
Taxes-$3,739.71 (2026)
Maintenance-$519.97/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-MASTER`S CHOICE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-flexible
Neighbourhood-Mill Pond
Title-Residential Condo & Other

No agent assigned

Great Value in the Heart of Richmond Hill! about 1 year old stacked townhouse within walking distance to Yonge St. This sun-filled west-facing 2+Den (den with doors, ideal as a 3rd bedroom or office),3 full baths offers a smart, functional layout with an open-concept kitchen, dining, and living area, plus a stylish breakfast island. Unit includes one owned parking space plus the option to continue renting a second spot from a fellow resident . Enjoy the perfect blend of comfort and convenience-nestled in a quiet enclave yet just minutes to vibrant amenities including the library, Wave Pool, arena, hospital, top-rated schools, and GO Transit. A modern lifestyle opportunity not to be missed! 270 Sqf outdoor terrace. Front Entrance facing the parking lot.

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

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,653/mo
Mortgage $2,622
Monthly Loss $2,963
Principal$690
Interest$1,932
Property Tax$312
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.8%34
10-Year IRR
10.5%
Returns Index
18.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,056/yr
NOI
$20,971/yr
Net Cash Flow
-$874/mo
Cash Margin
-28.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
23.2/ 100

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

Comparables

Properties near 56 Elizabeth Street 1404

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.