78 Springhead Gardens, Richmond Hill

$1,159,000
78 Springhead Gardens

$1,159,000

New
15d
Detached2-Storey

78 Springhead Gardens, Richmond Hill

Total Monthly Obligation $5,487

Beds
5
Baths
2
Park
3
Sqft
1500-2000
DOM
15d
Score
17
Yield
4.3%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-N13877936
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-46.02 × 85.85 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,248 (2026)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS REFERRED URBAN REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Block, Unknown
Sewer-Sewer
Possession-Flexible
Neighbourhood-North Richvale
Title-Residential Freehold

No agent assigned

***Be moved in by the holidays! *** LOCATION, SPACE AND VALUE! Welcome to 78 Springhead Gardens in one of Richmond Hill's most beloved neighbourhoods. Offering one of the largest floor plans on the street, this detached home provides approximately 1,700 sq. ft. above grade, four bedrooms and over 2,400 sq. ft. of finished living space across three levels. An excellent opportunity for first-time or move-up buyers looking for room to grow in a convenient, family-friendly location. From the welcoming foyer, step into the bright, south-facing living room with its large picture window and adjoining dining room, perfect for family gatherings. The updated kitchen features stone countertops, stainless steel appliances, a coffee bar and generous pantry storage. A separate main-floor family room offers a comfortable everyday gathering space with a walkout to the large backyard deck with covered BBQ area. A convenient powder room and separate side door completes this level. Upstairs, discover four generously sized bedrooms, hardwood flooring and a beautifully renovated family bathroom with custom finishes and additional storage.The finished basement adds valuable flexibility with a spacious recreation room with cosy fireplace, wet bar (or easy kitchen conversion?), laundry, storage and a fifth bedroom that could easily serve as a home office, guest room or teenager's retreat. Outside, the lush, fully fenced backyard features mature landscaping, a spacious deck, covered pergola, hot tub and fire pit, with plenty of room for children to play and adults to entertain. Close to excellent schools, parks, walking trails, Richvale Community Centre, Hillcrest Mall, transit and major commuter routes. Less than a kilometre to Yonge St! Why compromise on space or location? Give your family the room it needs today and the flexibility to grow tomorrow. New to Richmond Hill? Check out "5 Thinks You'll Love about 78 Springhead Gdns" for more neighbourhood details.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$927,200
Land Transfer Taxes$19,655
Legal Fees (Est.)
$
Total cash required for closing$252,955

Total Monthly Obligation

$5,487/mo
Mortgage $4,675
Monthly Loss $4,257
Principal$1,230
Interest$3,445
Property Tax$437
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.8/ 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
$50,256/yr
NOI
$35,482/yr
Net Cash Flow
-$1,718/mo
Cash Margin
-41.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
17.7/ 100

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

Comparables

Properties near 78 Springhead Gardens

Time

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