326 Major Mackenzie Drive E 716, Richmond Hill

$340,000
326 Major Mackenzie Drive E 716

$340,000

New
14d
Condo ApartmentApartment

326 Major Mackenzie Drive E 716, Richmond Hill

Total Monthly Obligation $2,601

Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
14d
Score
21
Yield
8.4%
Cash on Cash
-1.1%
Cap Rate
4.4%
5Y IRR
14.7%
10Y IRR
13.9%
Property Type-Condo Apartment
MLS® Number-N13883406
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 9, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,664.63 (2026)
Maintenance-$890.53/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-60/90
Neighbourhood-Crosby
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious 1-bedroom plus den suite in the heart of Richmond Hill. Offering approximately 769 sq. ft. of well-designed living space, this original-owner unit has been lovingly maintained and presents an excellent opportunity for first-time buyers, downsizers, or investors looking to personalize a home to suit their own style.The functional open-concept layout features a welcoming foyer with double closet, a spacious living and dining area, and a practical kitchen with ample cabinetry and counter space. The versatile den is ideal for a home office, study, reading nook, or guest space, offering flexibility to suit today's lifestyle.The generously sized primary bedroom features a large closet and oversized window, while the full 4-piece bathroom and in-suite laundry add everyday convenience. Thoughtfully designed with plenty of storage throughout, this suite offers comfortable, low-maintenance living in a highly sought-after location.Enjoy living in a well-managed building just steps to Richmond Hill GO Station, YRT transit, restaurants, shopping, grocery stores, parks, community centres, Mackenzie Health, Richmond Hill Centre for the Performing Arts, and all the amenities along Major Mackenzie Drive and Yonge Street. Commuters will appreciate the quick access to Highway 404 and Highway 407.An excellent opportunity to own a well-maintained, original-owner suite in one of Richmond Hill's most convenient locations. Move in and enjoy as is or personalize it over time to make it your own.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$272,000
Land Transfer Taxes$3,575
Legal Fees (Est.)
$
Total cash required for closing$73,075

Total Monthly Obligation

$2,601/mo
Mortgage $1,371
Monthly Loss $2,240
Principal$361
Interest$1,011
Property Tax$139
Condo Fees$891
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
10.2%37
10-Year IRR
11.1%
Returns Index
19.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$28,596/yr
NOI
$10,985/yr
Net Cash Flow
-$456/mo
Cash Margin
-19.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
30.1/ 100

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

Comparables

Properties near 326 Major Mackenzie Drive E 716

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.