LiveMLS N13816132Buy & hold

47 MELVILLE STREET · Detached rental

Richmond Hill, ON · Detached rental · 1 unit

$1,499,999listed

Workable offer

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

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What this listing is

47 MELVILLE STREET is a detached rental in Richmond Hill, ON, asking $1,499,999 — $1,499,999 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: $1,499,999
Units: 1 unit
Property type: Detached rental
Location: Richmond Hill, ON
Price per door: $1,499,999

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.