189 Springhead Gardens 25, Richmond Hill

$729,999
189 Springhead Gardens 25

$729,999

New
8d
Condo Townhouse2-Storey

189 Springhead Gardens 25, Richmond Hill

Total Monthly Obligation $3,893

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
8d
Score
19
Yield
5.2%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Condo Townhouse
MLS® Number-N14084020
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,926.4 (2026)
Maintenance-$504.17/mo
Locker-None
Parking-1 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-TBA
Neighbourhood-North Richvale
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully renovated, sun-filled end-unit townhouse in a highly desirable Richmond Hill neighbourhood, offering the added privacy and feel of a semi-detached home! This spacious 3-bedroom residence features a bright, functional layout, stylish finishes, and extensive recent upgrades throughout. The beautifully updated kitchen (2026) offers a fresh, modern space with S/S Appliances, while new flooring throughout (2026) adds a seamless and contemporary touch. Upstairs, discover three generously sized bedrooms, including a spacious primary bedroom with ample closet space, along with an updated bathroom featuring a new vanity. The renovated basement (2026) provides versatile additional living space, complete with brand-new appliances, including a stove, fridge, and Microwave. Major improvements include a brand-new furnace (October 2026), upgraded electrical panel (2025), all windows replaced (2022), and a new gas meter (2026), offering added comfort and peace of mind. Enjoy a private, fully fenced backyard, perfect for relaxing or entertaining, and the convenience of a private parking space very close from your front door! Ideally situated next to Baif Park and minutes from Hillcrest Mall, Yonge Street, public transit, GO Station, schools, restaurants, and major highways. A wonderful opportunity to own a beautifully updated end-unit home in one of Richmond Hill's most convenient locations! Water, Lawncare Of Front and Backyard, Snow shoveling ( Main/Shared Areas) and any exterior maintenance including Roof and Windows are the responsibility of the condominium corporation.

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

Closing Costs

Mortgage Amount
$583,999
Land Transfer Taxes$11,075
Legal Fees (Est.)
$
Total cash required for closing$158,575

Total Monthly Obligation

$3,893/mo
Mortgage $2,945
Monthly Loss $3,118
Principal$775
Interest$2,170
Property Tax$244
Condo Fees$504
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.1%
Returns Index
16.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,836/yr
NOI
$22,676/yr
Net Cash Flow
-$1,055/mo
Cash Margin
-33.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.9/ 100

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

Comparables

Properties near 189 Springhead Gardens 25

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.