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$472,990

1515 Pickering Parkway Condos - 1513 Pickering Pkwy - 1309_b468 - Pickering, ON, L1V 7G5

MLS® # PB1166-1309_B468

1.0 Beds

1 Bath

468 sqft

Property Features:

  • Bedrooms: 1.0
  • Bathrooms: 1.0
  • Floor Space (approx): 468

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

79.3%

Cumulative Market Appreciation

$130,678

Net Operating Income in Year 5

$6,138

Cash on Cash Return in Year 5

-14.2%

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
%
$94,598
Mortgage Amount $378,392
Mortgage Payment
%
$1,963

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $912
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $525
Net Operating Income $387
Debt Service
Mortgage Payment $1,963
Net Cash Flow -$1,575

Acquistion Costs

Deposit $94,593
Land Transfer Tax $5,934
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $5
Total Acquisition Costs $117,032

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $6,824
Deposit @ 120 days $11,824
Deposit @ 240 days $11,824
Deposit @ 360 days $11,824
Deposit @ 720 days $11,824
Deposit @ 900 days $11,824
Due on Occupancy $23,649
Total Deposit $94,593
Closing Date Jan 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $47,296$11,824$35,473 - - - - - - -
Closing Costs - - $22,439 - - - - - - -
Mortgage Paydown - - $962$5,933$6,218$6,517$6,830$7,159$7,503$7,864
Total $47,296$11,824$58,874$5,933$6,218$6,517$6,830$7,159$7,503$7,864
Cash Invested $47,296$59,120$117,994$123,927$130,146$136,664$143,495$150,654$158,157$166,021
Rental Cash Flows
Rent and other income - - $1,825$11,029$11,503$11,998$12,514$13,052$13,613$14,199
Operating Expenses - - -$1,050-$6,326-$6,476-$6,630-$6,788-$6,951-$7,117-$7,289
Mortgage Payment - - -$3,926-$23,559-$23,559-$23,559-$23,559-$23,559-$23,559-$23,559
Net Cash Flow - - -$3,151-$18,856-$18,532-$18,191-$17,834-$17,458-$17,063-$16,649
Returns
Property Price Appreciation $23,649$24,831$26,073$27,377$28,746$30,183$31,692$33,277$34,941$36,688
Mortgage Paydown - - $962$5,933$6,218$6,517$6,830$7,159$7,503$7,864
Net Cash Flow - - -$3,151-$18,856-$18,532-$18,191-$17,834-$17,458-$17,063-$16,649
Total Return $23,649$24,831$23,883$14,453$16,432$18,509$20,689$22,978$25,380$27,902
Cumulative Return $23,649$48,481$72,365$86,819$103,251$121,760$142,450$165,428$190,809$218,711
Investment Metrics
Cumulative ROI 50.0% 82.0% 61.3% 70.1% 79.3% 89.1% 99.3% 109.8% 120.6% 131.7%
Cash On Cash - - -2.7% -15.2% -14.2% -13.3% -12.4% -11.6% -10.8% -10.0%

Location of 1309_b468-1513 Pickering Pkwy, Pickering, ON, L1V 7G5

Demographic Information of 1309_b468-1513 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