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$666,990

The Highmark - 1640 Kingston Rd - 408b - Pickering, ON, L1V 1C3

MLS® # PB1213-408B

2.0 Beds

2 Baths

597 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 597

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

81.6%

Cumulative Market Appreciation

$184,277

Net Operating Income in Year 5

$12,188

Cash on Cash Return in Year 5

-12.5%

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
%
$133,398
Mortgage Amount $533,592
Mortgage Payment
%
$2,768

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,455
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $652
Net Operating Income $802
Debt Service
Mortgage Payment $2,768
Net Cash Flow -$1,965

Acquistion Costs

Deposit $133,394
Land Transfer Tax $9,814
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $4
Total Acquisition Costs $159,712

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $11,674
Deposit @ 90 days $16,674
Deposit @ 180 days $16,674
Deposit @ 365 days $16,674
Deposit @ 0 days $33,349
Due on Occupancy $33,349
Total Deposit $133,394
Closing Date Sep 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $83,371$16,674$33,349 - - - - - - -
Closing Costs - - $26,318 - - - - - - -
Mortgage Paydown - - $4,102$8,499$8,907$9,335$9,784$10,254$10,747$11,264
Total $83,371$16,674$63,769$8,499$8,907$9,335$9,784$10,254$10,747$11,264
Cash Invested $83,371$100,045$163,814$172,313$181,221$190,557$200,342$210,596$221,344$232,609
Rental Cash Flows
Rent and other income - - $8,731$17,837$18,604$19,404$20,239$21,109$22,017$22,963
Operating Expenses - - -$3,915-$7,927-$8,123-$8,325-$8,533-$8,747-$8,967-$9,193
Mortgage Payment - - -$16,611-$33,223-$33,223-$33,223-$33,223-$33,223-$33,223-$33,223
Net Cash Flow - - -$11,795-$23,312-$22,742-$22,144-$21,517-$20,860-$20,173-$19,452
Returns
Property Price Appreciation $33,349$35,016$36,767$38,606$40,536$42,563$44,691$46,926$49,272$51,736
Mortgage Paydown - - $4,102$8,499$8,907$9,335$9,784$10,254$10,747$11,264
Net Cash Flow - - -$11,795-$23,312-$22,742-$22,144-$21,517-$20,860-$20,173-$19,452
Total Return $33,349$35,016$29,074$23,792$26,702$29,755$32,958$36,320$39,847$43,548
Cumulative Return $33,349$68,366$97,440$121,233$147,935$177,690$210,649$246,969$286,816$330,364
Investment Metrics
Cumulative ROI 40.0% 68.3% 59.5% 70.4% 81.6% 93.2% 105.1% 117.3% 129.6% 142.0%
Cash On Cash - - -7.2% -13.5% -12.5% -11.6% -10.7% -9.9% -9.1% -8.4%

Location of 408b-1640 Kingston Rd, Pickering, ON, L1V 1C3

Demographic Information of 408b-1640 Kingston Rd, Pickering, ON, L1V 1C3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$112,405.63

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.88 %

High school certificate or equivalent

32.2 %

Apprenticeship trade certificate/diploma

6.27 %

College/non-university certificate

23.75 %

University certificate (below bachelor)

1.13 %

University Degree

23.78 %

Commuter

Travel To Work

By Car

84.68 %

By Public Transit

8.5 %

By Walking

2.28 %

By Bicycle

0.0 %

By Other Methods

4.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.41 %

Houses

81.59 %

Own Vs. Rent