11 Plaisance Road 59, Richmond Hill

$748,880
11 Plaisance Road 59

$748,880

New
3d
Condo Townhouse2-Storey

11 Plaisance Road 59, Richmond Hill

Total Monthly Obligation $4,179

Beds
3
Baths
2
Park
1
Sqft
1400-1599
DOM
3d
Score
17
Yield
5.1%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Townhouse
MLS® Number-N14097134
Beds-3
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-51-99
Taxes-$3,314.05 (2026)
Maintenance-$682/mo
Locker-None
Parking-2 - Built-In
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-ADMIRAL REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Aluminum Siding
Possession-Flex Closing
Neighbourhood-North Richvale
Title-Residential Condo & Other

No agent assigned

Welcome to 11 Plaisance Rd #59 - a rare 2-storey condo townhome w/ its own private, fully fenced backyard, in the heart of North Richvale, steps to Hillcrest Mall & Yonge St. Freshly painted, beautifully renovated & truly turn-key, this 3-bdrm home offers 1,422 sf of bright, functional above grade living area w/ no wasted space. The main level features 8' smooth ceilings, pot lights, wide-plank laminate & 1'x2' porcelain tile in the foyer, kitchen, breakfast area & powder room. The open-concept living room boasts oversized windows & a walk-out to the stone patio, while the dining room is anchored by a stylish chandelier. The kitchen offers new handles, an upgraded faucet, under-valence lighting & pot lights, flowing into a bright breakfast area. Updated powder room w/ new vanity. Upstairs, 3 oversized bdrms all feature modern laminate floors, pot lights & large windows. The primary retreat offers smooth ceilings, designer drapes & a massive wall-to-wall closet, while the secondary bdrms enjoy deep closets - perfect for the kids. The main bath was fully reno'd ('20) w/ a quartz c-top, undermount sink, porcelain & mosaic tiled tub surround & p-lights, plus a convenient linen closet. The functional lower level adds an L-shaped rec room w/ contemporary white oak laminate & pot lights, laundry, a cold cellar & ample storage. Out back, the stone patio & spacious yard are perfect for play, gardening & summer BBQs. 1-car garage! Updates: owned tankless water heater ('24 - no rentals!), windows ('26), roof ('23), furnace ('17) & Nest thermostat, plus U/G door hardware & light fixtures. Reasonable maintenance fees include water & cable TV. Walk to Richvale Athletic Park & CC, Elvis Stojko Arena, Hillcrest Mall, shops & transit. Minutes to Langstaff GO & Hwy 407. Zoned for great schools incl. Ross Doan PS, Roselawn PS, Langstaff SS, St. Charles Garnier CES & St. Theresa of Lisieux CHS. Move-in ready & not to be missed - ideal for first-time buyers, young families & downsizers.

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

Closing Costs

Mortgage Amount
$599,104
Land Transfer Taxes$11,453
Legal Fees (Est.)
$
Total cash required for closing$162,729

Total Monthly Obligation

$4,179/mo
Mortgage $3,021
Monthly Loss $3,384
Principal$795
Interest$2,226
Property Tax$276
Condo Fees$682
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.1%24
10-Year IRR
9.2%
Returns Index
13.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$38,460/yr
NOI
$20,716/yr
Net Cash Flow
-$1,294/mo
Cash Margin
-40.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.3/ 100

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

Comparables

Properties near 11 Plaisance Road 59

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