5 Weldrick Road W 511, Richmond Hill

$619,900
5 Weldrick Road W 511

$619,900

New
7d
Condo ApartmentApartment

5 Weldrick Road W 511, Richmond Hill

Total Monthly Obligation $4,000

Bed+Den
3+1
Baths
2
Park
1
Sqft
1200-1399
DOM
7d
Score
18
Yield
6.5%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Condo Apartment
MLS® Number-N14087706
Bed+Den-3+1
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,521 (2025)
Maintenance-$1,089.36/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 INNOVATIVE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-60-90 days
Neighbourhood-North Richvale
Title-Residential Condo & Other

No agent assigned

**SPACE, STYLE & LOCATION - THIS ONE HAS IT ALL!** Welcome to Unit 511 at 5 Weldrick Road West, a beautifully updated and exceptionally spacious 2-bedroom, 2-bathroom condo in Richmond Hill's highly sought-after North Richvale community! Offering approximately **1,237 sq. ft. of thoughtfully designed living space**, this impressive suite delivers the comfort and functionality of a home with the convenience of condo living.Step inside to discover a bright, inviting interior featuring **brand-new laminate flooring throughout, fresh paint, and modern light fixtures**. The expansive living and dining areas are perfect for entertaining family and friends, while the sun-filled solarium offers a versatile bonus space ideal for a home office, reading nook, or peaceful retreat. The beautifully renovated kitchen features elegant quartz countertops, ceramic flooring, and stainless steel appliances, combining everyday practicality with contemporary style. Two generously sized bedrooms and convenient in-suite laundry complete this fantastic layout.Enjoy an excellent collection of building amenities, including an outdoor swimming pool, sauna, fitness centre, party room, games room, ample visitor parking, and security features.**PRIME RICHMOND HILL LOCATION!** Enjoy exceptional convenience with Hillcrest Mall, T&T Supermarket, grocery stores, restaurants, cafés, and everyday shopping just minutes away. Outdoor enthusiasts will appreciate nearby Baif Park, green spaces, and recreational facilities, including Richvale Community Centre. Families will love the proximity to schools, libraries, and community amenities. Commuters will benefit from convenient access to Yonge Street, Viva Blue rapid transit, Langstaff GO Station, Highway 407, and other major routes, making travel throughout the GTA a breeze.

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

Closing Costs

Mortgage Amount
$495,920
Land Transfer Taxes$8,873
Legal Fees (Est.)
$
Total cash required for closing$134,353

Total Monthly Obligation

$4,000/mo
Mortgage $2,501
Monthly Loss $3,342
Principal$658
Interest$1,843
Property Tax$210
Condo Fees$1,089
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
9.1%29
10-Year IRR
10.1%
Returns Index
15.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$40,500/yr
NOI
$18,457/yr
Net Cash Flow
-$962/mo
Cash Margin
-28.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.3/ 100

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

Comparables

Properties near 5 Weldrick Road W 511

Time

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Data last updated within the past 24 hours.