LiveMLS N13719876Buy & hold

99 SPRUCE AVENUE · Detached rental

Richmond Hill, ON · Detached rental · 1 unit

$1,600,000listed

Workable offer

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

99 SPRUCE AVENUE is a 1-unit detached rental in Richmond Hill, ON, asking $1,600,000 — $1,600,000 per door.

At 1 unit this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Asking price: $1,600,000
Units: 1 unit
Property type: Detached rental
Location: Richmond Hill, ON
Price per door: $1,600,000

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.