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$673,990

1515 Pickering Parkway Condos - 1513 Pickering Pkwy - 1305_e604 - Pickering, ON, L1V 7G5

MLS® # PB1166-1305_E604

2.0 Beds

2 Baths

604 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 604

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

84.7%

Cumulative Market Appreciation

$186,211

Net Operating Income in Year 5

$11,546

Cash on Cash Return in Year 5

-13.3%

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
%
$134,798
Mortgage Amount $539,192
Mortgage Payment
%
$2,797

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,472
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $720
Net Operating Income $751
Debt Service
Mortgage Payment $2,797
Net Cash Flow -$2,046

Acquistion Costs

Deposit $134,793
Land Transfer Tax $9,954
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $5
Total Acquisition Costs $161,252

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $11,849
Deposit @ 120 days $16,849
Deposit @ 240 days $16,849
Deposit @ 360 days $16,849
Deposit @ 720 days $16,849
Deposit @ 900 days $16,849
Due on Occupancy $33,699
Total Deposit $134,793
Closing Date Jan 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $67,396$16,849$50,548 - - - - - - -
Closing Costs - - $26,459 - - - - - - -
Mortgage Paydown - - $1,371$8,455$8,861$9,287$9,733$10,201$10,692$11,205
Total $67,396$16,849$78,378$8,455$8,861$9,287$9,733$10,201$10,692$11,205
Cash Invested $67,396$84,245$162,623$171,078$179,939$189,227$198,960$209,162$219,854$231,060
Rental Cash Flows
Rent and other income - - $2,944$17,793$18,558$19,356$20,189$21,057$21,962$22,907
Operating Expenses - - -$1,441-$8,682-$8,894-$9,111-$9,335-$9,564-$9,800-$10,043
Mortgage Payment - - -$5,595-$33,571-$33,571-$33,571-$33,571-$33,571-$33,571-$33,571
Net Cash Flow - - -$4,092-$24,461-$23,907-$23,326-$22,717-$22,079-$21,409-$20,707
Returns
Property Price Appreciation $33,699$35,384$37,153$39,011$40,961$43,010$45,160$47,418$49,789$52,278
Mortgage Paydown - - $1,371$8,455$8,861$9,287$9,733$10,201$10,692$11,205
Net Cash Flow - - -$4,092-$24,461-$23,907-$23,326-$22,717-$22,079-$21,409-$20,707
Total Return $33,699$35,384$34,432$23,005$25,916$28,970$32,176$35,541$39,071$42,777
Cumulative Return $33,699$69,083$103,516$126,522$152,438$181,408$213,585$249,126$288,198$330,975
Investment Metrics
Cumulative ROI 50.0% 82.0% 63.7% 74.0% 84.7% 95.9% 107.4% 119.1% 131.1% 143.2%
Cash On Cash - - -2.5% -14.3% -13.3% -12.3% -11.4% -10.6% -9.7% -9.0%

Location of 1305_e604-1513 Pickering Pkwy, Pickering, ON, L1V 7G5

Demographic Information of 1305_e604-1513 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