22 Clarissa Drive 1404, Richmond Hill

$969,888
22 Clarissa Drive 1404

$969,888

New
3d
Condo ApartmentApartment

22 Clarissa Drive 1404, Richmond Hill

Total Monthly Obligation $5,782

HausQ Valuation Report
Bed+Den
3+1
Baths
2
Park
2
Sqft
1400-1599
DOM
3d
Score
16
Yield
5.5%
Cash on Cash
-6.5%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Condo Apartment
MLS® Number-N14097748
Bed+Den-3+1
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,576 (2026)
Maintenance-$1,371.32/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Harding
Title-Residential Condo & Other

No agent assigned

***Spectacular 2+1 Bed 2 Bath Corner Unit at The Gibraltar Condominiums*** Sunny Southwest Exposure, Split 2 Bedroom plan, 2 Bathrooms, Formal Den, Living & Dining Rm. Renovated Kitchen, Built-In Appliances, Breakfast Area, Walkout To Balcony. New flooring throughout, new doors, new baseboards and trim, Primary Bedroom W/ Walk-In Closet, Walk-Out To Balcony, 5 Piece Ensuite W/Soaker Tub & Separate Shower. Amazing Resort Like amenities with Indoor and outdoor Pools, Hot Tub, Exercise Rm, Squash Court, Tennis Courts, Theatre Rm, Billiard Rm, Party Rm, 2 Car Underground Parking(Tandem). Onsite Property Management Office and Gatehouse security Guard. Renovated Lobby & Hallways. Close To Shopping, Transit, Library, Rec Centre. Parks And more. Photos, Floor Plan and I-Guide Virtual Tour Links Attached.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$775,910
Land Transfer Taxes$15,873
Legal Fees (Est.)
$
Total cash required for closing$211,351

Total Monthly Obligation

$5,782/mo
Mortgage $3,912
Monthly Loss $4,752
Principal$1,030
Interest$2,883
Property Tax$298
Condo Fees$1,371
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.7%21
10-Year IRR
8.9%
Returns Index
11.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$53,136/yr
NOI
$25,391/yr
Net Cash Flow
-$1,796/mo
Cash Margin
-40.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.5/ 100

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

Comparables

Properties near 22 Clarissa Drive 1404

Time

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Data last updated within the past 24 hours.