2 Gallacher Avenue, Richmond Hill

$1,375,000
2 Gallacher Avenue

$1,375,000

New
14d
DetachedBungalow

2 Gallacher Avenue, Richmond Hill

Total Monthly Obligation $6,470

HausQ Valuation Report
Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
14d
Score
14
Yield
2.4%
Cash on Cash
-13.1%
Cap Rate
1.8%
5Y IRR
5.4%
10Y IRR
6.7%
Property Type-Detached
MLS® Number-N13883244
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-75.06 × 201.27 ft
Listed on site-Oct 9, 2026
Style-Bungalow
Building Type-Detached
Taxes-$6,581.5 (2025)
Parking-6 - Attached
Basement-Separate Entrance
Heating-Radiant (Oil)
Brokerage-CHESTNUT PARK REAL ESTATE LIMITED
Cooling-None
Laundry-No
Fireplace-Living Room, Wood
Pool-None
Facing-North
Exterior-Wood , Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Oak Ridges
Title-Residential Freehold

No agent assigned

This charming bungalow was built in 1963 and offers lots of opportunity for a renovation or rebuild. Situated on a quiet street and a beautifully treed 75 x 200 ft rectangular shaped lot with lovingly curated gardens. Three bedrooms are located on the main floor and share a bright bathroom with a skylight. The attached two car garage offers ample space for parking or storage and walks out to the backyard. Within walking distance of the East Humber Trail system and many amenities including the ample shops and restaurants on Yonge St. Within an hour or less drive to Toronto or take the GO train in from either the King, Gormley, or Bloomington Stations. Nearby to many-top-tier schools including The Country Day School, Villanova College, Seneca College, St. Andrew's College, and more. This property is undeniably special, much admired, and ready for the next owner.

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

Closing Costs

Mortgage Amount
$1,100,000
Land Transfer Taxes$23,975
Legal Fees (Est.)
$
Total cash required for closing$300,475

Total Monthly Obligation

$6,470/mo
Mortgage $5,546
Monthly Loss $5,010
Principal$1,460
Interest$4,087
Property Tax$548
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.1%0
5-Year IRR
3.0%6
10-Year IRR
5.2%
Returns Index
4.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$33,348/yr
NOI
$18,932/yr
Net Cash Flow
-$3,969/mo
Cash Margin
-142.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.282
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.5/ 100

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

Comparables

Properties near 2 Gallacher 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.

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.