11 Melbourne Drive, Richmond Hill

$1,768,000
11 Melbourne Drive

$1,768,000

New
8d
Detached2-Storey

11 Melbourne Drive, Richmond Hill

Total Monthly Obligation $8,237

HausQ Valuation Report
Beds
5
Baths
5
Park
2
Sqft
3000-3500
DOM
8d
Score
15
Yield
3.6%
Cash on Cash
-7.9%
Cap Rate
2.9%
5Y IRR
9.4%
10Y IRR
9.7%
Property Type-Detached
MLS® Number-N14083072
Beds-5
Bathrooms-5
Size-3000-3500 sqft
Lot Size-46.97 × 98.43 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$8,770 (2025)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE BROADWAY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Rouge Woods
Title-Residential Freehold

No agent assigned

Richmond Hill*** Family-friendly Rouge Woods neighborhood, this Bright and Spacious 2-Storey Detached Home, Attached double garage, 9 Ft Ceiling on Main. Modern Open-Concept Main Floor Spacious & Luxurious Living: Offers 3023 sq ft of above-grade space Features a Functional Layout, shines with care and quality. Sunlight streams across rich hardwood floors on both living levels. The fully renovated kitchen equipped with brand-new stainless-steel appliance including a LG Fridge, LG Range and Quartz Countertops with a designer backsplash. Upstairs; four generous bedrooms and three Quartz Countertops full baths offer plenty of space for a growing family. Brand-new stainless-steel LG Washer and LG Dryer. The professionally renovated lower level adds a cozy retreat with an extra bedroom and full bath-perfect for guests or teens. Step outside to your own fully fenced private backyard that kids will love. All this, minutes from top-rated schools, lush parks, community hubs, transit, and daily shopping. The seller is highly motivated - don't miss this opportunity.

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

Closing Costs

Mortgage Amount
$1,414,400
Land Transfer Taxes$31,835
Legal Fees (Est.)
$
Total cash required for closing$386,935

Total Monthly Obligation

$8,237/mo
Mortgage $7,132
Monthly Loss $6,361
Principal$1,877
Interest$5,255
Property Tax$731
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
6.9%18
10-Year IRR
8.1%
Returns Index
10.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$63,168/yr
NOI
$43,581/yr
Net Cash Flow
-$3,500/mo
Cash Margin
-66.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
14.0/ 100

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

Comparables

Properties near 11 Melbourne Drive

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.