32 Clarissa Drive Ph22, Richmond Hill

$749,000
32 Clarissa Drive Ph22

$749,000

New
3d
Condo ApartmentApartment

32 Clarissa Drive Ph22, Richmond Hill

Total Monthly Obligation $4,400

Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
3d
Score
16
Yield
5.0%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Condo Apartment
MLS® Number-N14100382
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,743.98 (2026)
Maintenance-$950.06/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER THE REAL ESTATE CENTRE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-Harding
Title-Residential Condo & Other

No agent assigned

Rise above it all in the heart of Richmond Hill. Perched on the penthouse level of Tridel's celebrated Gibraltar II, PH22 is a sun-washed retreat of approx. 1,100 sq ft where every window frames the sky. Look south over a sea of treetops that turns to gold each autumn, and on clear days watch the Toronto skyline shimmer on the horizon. Mornings begin in light: rich hardwood floors glow beneath floor-to-ceiling windows, and the open living and dining room flows out to a private south-facing balcony made for slow coffees and quiet evenings. The kitchen, with granite counters, crisp white cabinetry and a pass-through to the dining room, keeps the cook in the conversation. Two corner bedrooms wrapped in glass feel like rooms among the clouds, and two full baths, one with an oversized glass shower and granite vanity, complete the picture. Two underground parking spaces and a locker add rare everyday ease. Step outside your door into a resort of your own: gated, landscaped grounds with a 24/7 gatehouse, indoor and outdoor pools, tennis, squash, sauna, gym, theatre, billiards, library, party room, guest suites and BBQ area. Beyond the gates, the city's heartbeat is at your feet. Stroll the Yonge corridor between 16th Ave and Weldrick Rd (Walk Score 81) to cafes and restaurants, browse 130+ stores at Hillcrest Mall, or catch a show at the Centre for the Performing Arts and a book at the Central Library. Wander the meadows and woodland paths of your neighbour, David Dunlap Observatory Park, a National Historic Site with 3.7 km of trails and stargazing nights beneath its famous dome, then circle the heritage Mill Pond or follow the South Richvale Greenway along the river. YRT and Viva are steps away, Richmond Hill GO and Hwy 407 minutes off, and the Yonge North Subway Extension is on its way. Mackenzie Richmond Hill Hospital is close by, as are Alexander Mackenzie HS (IB program) and St. Joseph Catholic Elementary. This is penthouse living at the centre of it all.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$4,400/mo
Mortgage $3,021
Monthly Loss $3,605
Principal$795
Interest$2,226
Property Tax$229
Condo Fees$950
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.4%16
10-Year IRR
7.9%
Returns Index
9.1/ 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
$37,200/yr
NOI
$16,935/yr
Net Cash Flow
-$1,610/mo
Cash Margin
-51.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
19.0/ 100

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

Comparables

Properties near 32 Clarissa Drive Ph22

Time

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