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Investment signal

$1,999,999

37 MACKAY DRIVE

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Beds

5

Baths

4 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Don't Miss This Incredible Opportunity To Live, Design, Or Build Your New Home In South Richvale - Richmond Hill's Most Prestigious Neighbourhood! Welcome To 37 Mackay Dr, An Immaculately Maintained Family Home Surrounded By Multi-Million Dollar Mansions In The Most Desired Quarter Of Richmond Hill - South Richvale! The Home Features Approx. 2,500 SF Above Grade W/ 4 Bdrms , 3.5 Baths With An Oversized Living & Dining Room W/Large Windows For Ultimate Sunshine. The Spacious Kitchen Offers Ample Storage & Countertop Space w/ Direct Access To The Backyard. This Home Is Complete W/ A *Fully Finished Basement* w/ A *2nd Kitchen* & Separate Entrance - Perfect For Potential Rental Income, Or For The Multigenerational Family. A True Opportunity To Own A Detached Home Sitting On A 66 x 100 Ft Lot, Where You Have The Ability To Renovate, Or Create New And Build Up To 4,000 SF! Just Minutes To Yonge St, Hwy 407,Top 5 Rated Schools, Restaurants, Hillcrest Mall + Future Plan For Near By Subway Station & So Much More! (id:65958)

Subtype
Single Family
Structure
House
Community
South Richvale
Common interest
Freehold
Lot dimensions
65.4 x 99.8 FT
Bedrooms
4 above grade, 1 below grade
Parking
8 total
Stories
2
Fireplace
Yes
On market
Feb 2, 2026
Status changed
Apr 27, 2026
Annual tax
$8,840
Photos
50
MLS#
N12750320
Area
RICHMOND_HILL_(SOUTH_RICHVALE)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedSeparate entranceN/AN/A

Appliances

WasherRefrigeratorCentral VacuumDishwasherStoveDryerHood Fan

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

Hardwood

Foundation

Unknown

Community

Community Centre
Negative cash flow ~$2,104/mo at these assumptions

Cash on cash

-6.31%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,214

Financing

Down payment$400,000
Loan amount$1,599,999
Mortgage$8,107/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$917
Insurance$80
Maintenance$1,667
CapEx reserve$833
Vacancy loss$500

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.

Mortgage estimate

Estimated $8,107/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 27, 2026.

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