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$704,990

1515 Pickering Parkway Condos - 1513 Pickering Pkwy - 1304_e659bf - Pickering, ON, L1V 7G5

MLS® # PB1166-1304_E659BF

2.0 Beds

2 Baths

659 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 659

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

85.6%

Cumulative Market Appreciation

$194,775

Net Operating Income in Year 5

$12,692

Cash on Cash Return in Year 5

-13.0%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$140,998
Mortgage Amount $563,992
Mortgage Payment
%
$2,926

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,606
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $778
Net Operating Income $827
Debt Service
Mortgage Payment $2,926
Net Cash Flow -$2,098

Acquistion Costs

Deposit $140,993
Land Transfer Tax $10,574
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $5
Total Acquisition Costs $168,072

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $12,624
Deposit @ 120 days $17,624
Deposit @ 240 days $17,624
Deposit @ 360 days $17,624
Deposit @ 720 days $17,624
Deposit @ 900 days $17,624
Due on Occupancy $35,249
Total Deposit $140,993
Closing Date Jan 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $70,496$17,624$52,873 - - - - - - -
Closing Costs - - $27,079 - - - - - - -
Mortgage Paydown - - $1,434$8,844$9,269$9,714$10,181$10,670$11,183$11,721
Total $70,496$17,624$81,386$8,844$9,269$9,714$10,181$10,670$11,183$11,721
Cash Invested $70,496$88,120$169,506$178,350$187,619$197,333$207,515$218,186$229,370$241,091
Rental Cash Flows
Rent and other income - - $3,212$19,413$20,248$21,119$22,027$22,974$23,962$24,993
Operating Expenses - - -$1,557-$9,385-$9,614-$9,850-$10,091-$10,340-$10,596-$10,858
Mortgage Payment - - -$5,852-$35,115-$35,115-$35,115-$35,115-$35,115-$35,115-$35,115
Net Cash Flow - - -$4,197-$25,087-$24,481-$23,846-$23,180-$22,481-$21,749-$20,981
Returns
Property Price Appreciation $35,249$37,011$38,862$40,805$42,845$44,988$47,237$49,599$52,079$54,683
Mortgage Paydown - - $1,434$8,844$9,269$9,714$10,181$10,670$11,183$11,721
Net Cash Flow - - -$4,197-$25,087-$24,481-$23,846-$23,180-$22,481-$21,749-$20,981
Total Return $35,249$37,011$36,098$24,561$27,633$30,856$34,239$37,788$41,514$45,423
Cumulative Return $35,249$72,261$108,360$132,922$160,555$191,411$225,650$263,439$304,953$350,377
Investment Metrics
Cumulative ROI 50.0% 82.0% 63.9% 74.5% 85.6% 97.0% 108.7% 120.7% 133.0% 145.3%
Cash On Cash - - -2.5% -14.1% -13.0% -12.1% -11.2% -10.3% -9.5% -8.7%

Location of 1304_e659bf-1513 Pickering Pkwy, Pickering, ON, L1V 7G5

Demographic Information of 1304_e659bf-1513 Pickering Pkwy, Pickering, ON, L1V 7G5

Life Stage

Young Families

Employment Type

Service Sector/White Collar

Average Household Income

$106,948.02

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.93 %

High school certificate or equivalent

32.63 %

Apprenticeship trade certificate/diploma

5.42 %

College/non-university certificate

23.85 %

University certificate (below bachelor)

1.98 %

University Degree

23.18 %

Commuter

Travel To Work

By Car

79.91 %

By Public Transit

12.36 %

By Walking

1.83 %

By Bicycle

0.0 %

By Other Methods

5.9 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.76 %

Houses

47.24 %

Own Vs. Rent