124 Springhead Gardens, Richmond Hill

$928,888
124 Springhead Gardens

$928,888

New
3d
Att/Row/Townhouse2-Storey

124 Springhead Gardens, Richmond Hill

Total Monthly Obligation $4,503

Beds
4
Baths
3
Park
4
Sqft
1100-1500
DOM
3d
Score
18
Yield
4.5%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Att/Row/Townhouse
MLS® Number-N14098832
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-47.71 × 56.86 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-51-99
Taxes-$4,577.87 (2026)
Parking-4 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Shingle
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Flexible
Neighbourhood-North Richvale
Title-Residential Freehold

No agent assigned

Welcome to 124 Springhead Gardens, a beautifully renovated freehold end-unit townhouse in Richmond Hill's desirable North Richvale neighbourhood. Featuring three upstairs bedrooms, an additional bedroom in the basement, and three bathrooms, this inviting home combines refined finishes with versatile living space. Thoughtfully renovated interiors showcase stylish flooring, pot lights throughout and large windows that fill the living area with natural light. The renovated kitchen features quartz countertops, stainless steel appliances and an oversized wooden peninsula with seating, creating an elegant gathering place for everyday meals and entertaining. A convenient main-floor powder room adds everyday comfort, while three welcoming bedrooms and a renovated upstairs bathroom complete the second floor. A one-bedroom basement apartment with a separate entrance offers additional flexibility for extended family or potential rental use. Within walking distance of Hillcrest Mall and close to highly rated schools, parks, a community centre, dining and transit, the location offers exceptional everyday convenience. Outdoors, the sun-filled, south-facing backyard features landscaped gardens, new interlock and a BBQ gas line-a welcoming retreat for gardening, relaxing and entertaining. A wonderful opportunity to enjoy renovated freehold living in an established Richmond Hill

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

Closing Costs

Mortgage Amount
$743,110
Land Transfer Taxes$15,053
Legal Fees (Est.)
$
Total cash required for closing$202,331

Total Monthly Obligation

$4,503/mo
Mortgage $3,747
Monthly Loss $3,517
Principal$986
Interest$2,761
Property Tax$381
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%29
10-Year IRR
9.8%
Returns Index
15.8/ 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
$41,664/yr
NOI
$28,420/yr
Net Cash Flow
-$1,379/mo
Cash Margin
-39.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.8/ 100

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

Comparables

Properties near 124 Springhead Gardens

Time

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