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$400,990

1515 Pickering Parkway Condos - 1513 Pickering Pkwy - 1306_a300 - Pickering, ON, L1V 7G5

MLS® # PB1166-1306_A300

300 sqft

Property Features:

  • Bathrooms: 1.0
  • Floor Space (approx): 300

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

72.3%

Cumulative Market Appreciation

$110,786

Net Operating Income in Year 5

$1,716

Cash on Cash Return in Year 5

-16.7%

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
%
$80,198
Mortgage Amount $320,792
Mortgage Payment
%
$1,664

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $438
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $347
Net Operating Income $91
Debt Service
Mortgage Payment $1,664
Net Cash Flow -$1,573

Acquistion Costs

Deposit $80,193
Land Transfer Tax $4,494
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $5
Total Acquisition Costs $101,192

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $5,024
Deposit @ 120 days $10,024
Deposit @ 240 days $10,024
Deposit @ 360 days $10,024
Deposit @ 720 days $10,024
Deposit @ 900 days $10,024
Due on Occupancy $20,049
Total Deposit $80,193
Closing Date Jan 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $40,096$10,024$30,073 - - - - - - -
Closing Costs - - $20,999 - - - - - - -
Mortgage Paydown - - $815$5,030$5,272$5,525$5,791$6,069$6,361$6,666
Total $40,096$10,024$51,887$5,030$5,272$5,525$5,791$6,069$6,361$6,666
Cash Invested $40,096$50,120$102,007$107,038$112,310$117,835$123,626$129,696$136,057$142,724
Rental Cash Flows
Rent and other income - - $877$5,302$5,530$5,768$6,016$6,275$6,545$6,826
Operating Expenses - - -$695-$4,185-$4,280-$4,378-$4,477-$4,580-$4,685-$4,792
Mortgage Payment - - -$3,328-$19,973-$19,973-$19,973-$19,973-$19,973-$19,973-$19,973
Net Cash Flow - - -$3,146-$18,856-$18,723-$18,583-$18,434-$18,278-$18,113-$17,939
Returns
Property Price Appreciation $20,049$21,051$22,104$23,209$24,370$25,588$26,868$28,211$29,622$31,103
Mortgage Paydown - - $815$5,030$5,272$5,525$5,791$6,069$6,361$6,666
Net Cash Flow - - -$3,146-$18,856-$18,723-$18,583-$18,434-$18,278-$18,113-$17,939
Total Return $20,049$21,051$19,773$9,383$10,918$12,531$14,224$16,002$17,869$19,830
Cumulative Return $20,049$41,101$60,875$70,258$81,177$93,709$107,933$123,936$141,806$161,637
Investment Metrics
Cumulative ROI 50.0% 82.0% 59.7% 65.6% 72.3% 79.5% 87.3% 95.6% 104.2% 113.3%
Cash On Cash - - -3.1% -17.6% -16.7% -15.8% -14.9% -14.1% -13.3% -12.6%

Location of 1306_a300-1513 Pickering Pkwy, Pickering, ON, L1V 7G5

Demographic Information of 1306_a300-1513 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