197 Garden Avenue, Richmond Hill

$1,999,000
197 Garden Avenue

$1,999,000

New
8d
Detached2-Storey

197 Garden Avenue, Richmond Hill

Total Monthly Obligation $9,420

Beds
6
Baths
4
Park
8
Sqft
2500-3000
DOM
8d
Score
14
Yield
2.9%
Cash on Cash
-11.1%
Cap Rate
2.2%
5Y IRR
6.9%
10Y IRR
7.9%
Property Type-Detached
MLS® Number-N14034824
Beds-6
Bathrooms-4
Size-2500-3000 sqft
Lot Size-132.55 × 137.88 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$11,774.01 (2026)
Parking-6 - Attached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-SMART SOLD REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South Richvale
Title-Residential Freehold

No agent assigned

Welcome To This Newly Custom-Built Luxury Detached Home In The Prestigious South Richvale Community Of Richmond Hill, Surrounded By Multi-Million-Dollar Residences And Located In One Of The Area's Most Desirable Neighbourhoods! Thoughtfully Designed With Modern Elegance And Quality Craftsmanship, This Home Offers A Perfect Balance Of Style, Comfort And Functionality For Everyday Living. Step inside to discover bright open-concept living spaces enhanced by engineered hardwood floors, designer lighting, and elegant architectural details. The living room features a dramatic natural stone slab fireplace wall, creating a striking focal point for sophisticated entertaining.The designer kitchen is a true showpiece, offering custom extended metallic-finish cabinetry, quartz countertops and backsplash, And Stainless Steel Appliances, While The Adjoining Breakfast Area Offers A Walk-Out To A Large Deck Overlooking Serene Greenery. A beautifully upgraded solid wood staircase with matching wood railings leads to the second floor. The upper level features four spacious bedrooms, including a primary suite with a private 4-piece ensuite. Two of the secondary bedrooms offer direct walk-out access to a shared balcony, providing a bright and relaxing outdoor space. The basement features a separate entrance and offers excellent potential for additional living space or rental income. It includes two separate rooms that can be used as bedrooms, living and dining room, a full kitchen, and a 3-piece bathroom. The laundry area is thoughtfully separated from the main living space for added convenience and privacy. Large windows bring in plenty of natural light, creating a bright and comfortable environment. This versatile lower level is ideal for extended family or for generating additional rental income. Ideally Located Just Steps To Top Schools, Parks, And The Public Library, This Exceptional Home Delivers Luxury Living In One Of Richmond Hill's Most Coveted Communities.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,599,200
Land Transfer Taxes$36,455
Legal Fees (Est.)
$
Total cash required for closing$437,755

Total Monthly Obligation

$9,420/mo
Mortgage $8,063
Monthly Loss $7,298
Principal$2,122
Interest$5,942
Property Tax$981
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.6%10
10-Year IRR
6.4%
Returns Index
6.3/ 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
$58,920/yr
NOI
$36,754/yr
Net Cash Flow
-$5,001/mo
Cash Margin
-101.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.8/ 100

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

Comparables

Properties near 197 Garden Avenue

Time

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