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Investment signal

$998,000

274 DEMAINE CRESCENT

Beds

Baths

4.1

Sqft

—

Year

—

Location

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About this home

Welcome to 274 Demaine Crescent in the desirable Crosby neighbourhood. Set on a premium pie-shaped lot that widens at the rear, this property offers rare outdoor space and the unique feel of two homes in one. This thoughtfully expanded home features a functional layout across three levels. The main floor offers a bright open-concept kitchen and living area, white granite countertops and main floor laundry and two bedrooms. The upper level of the addition is dedicated to a private primary retreat with its own heating and cooling controls, featuring a spacious bedroom, walk-in closet, 4-piece ensuite, and a separate sitting area ideal for a home office or lounge.The finished basement provides excellent versatility with a self-contained 3-bedroom in-law suite, complete with its own kitchen and 3-piece bathroom, perfect for extended family or potential rental income. Additional features include 220-amp service, solid oak staircase, updated insulated perimeter walls with soundproofing between adjoining walls, roof (2015), A/C (2020), and upgraded electrical, plumbing, and insulation throughout. Includes sump pump with full weeping tile system. Fully fenced corner lot yard with above-ground pool and parking for up to five vehicles. Conveniently located near transit, schools, parks, and everyday amenities. A rare offering in a sought-after neighbourhood. (id:65958)

Subtype: Single Family
Structure: House
Community: Crosby
Common interest: Freehold
Lot dimensions: 31.5 x 128 FT ; 87.6 feet wide back
Bedrooms: 3 above grade, 3 below grade
Parking: 5 total
Stories: 2
On market: Apr 14, 2026
Status changed: Apr 14, 2026
Annual tax: $5,756.05
Photos: 42
MLS#: N12996814
Area: RICHMOND_HILL_(CROSBY)

Features and systems

Parking

No Garage

Basement

FinishedApartment in basementN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerWindow CoveringsWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Flooring

Hardwood

Foundation

BlockConcrete

Lot

In-Law Suite

Pool

Above ground pool

Negative cash flow ~$1,080/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.49%

Cap rate

3.57%

GRM

16.6

Break-even rent

$6,137

Financing

Down payment$199,600

Loan amount$798,400

Mortgage$4,045/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$457

Insurance$80

Maintenance$832

CapEx reserve$416

Vacancy loss$250

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Richmond Hill (Crosby). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,045/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.