326 Major Mackenzie Drive E 705, Richmond Hill

$399,900
326 Major Mackenzie Drive E 705

$399,900

New
4d
Condo ApartmentApartment

326 Major Mackenzie Drive E 705, Richmond Hill

Total Monthly Obligation $3,011

HausQ Valuation Report
Bed+Den
3+1
Baths
1
Park
1
Sqft
900-999
DOM
4d
Score
23
Yield
9.0%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Condo Apartment
MLS® Number-N14093566
Bed+Den-3+1
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,769 (2025)
Maintenance-$1,050/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-Crosby
Title-Residential Condo & Other

No agent assigned

Bright & Spacious Two Bedroom Condo with Beautiful Western Garden Views! Just Minutes to Yonge St, Richmond Hill GO, Transit, Hwy 404 & All Amenities! Enjoy maintenance-free, resort-style living in this fantastic building featuring an indoor pool, gym, sauna, hot tub, tennis courts, party room, rooftop garden, guest suites & an impressive grand lobby. ALL UTILITIES INCLUDED! This west-facing unit is flooded with natural sunlight and offers two generous bedrooms plus a versatile den, perfect for a home office, nursery, extra storage or private locker space. NEW laminate flooring throughout, updated bathroom, convenient in-suite laundry & underground parking included. Move in and enjoy or bring your own updates! Unbeatable location & lifestyle convenience in a prime Richmond Hill location with everything you need right at your doorstep!

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

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$3,011/mo
Mortgage $1,613
Monthly Loss $2,586
Principal$424
Interest$1,189
Property Tax$147
Condo Fees$1,050
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.6%55
10-Year IRR
13.0%
Returns Index
28.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$35,916/yr
NOI
$15,555/yr
Net Cash Flow
-$317/mo
Cash Margin
-10.6%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
28.6/ 100

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

Comparables

Properties near 326 Major Mackenzie Drive E 705

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.