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$818,990

The Highmark - 1640 Kingston Rd - 503a - Pickering, ON, L1V 1C3

MLS® # PB1213-503A

2.5 Beds

2 Baths

766 sqft

Property Features:

  • Bedrooms: 2.5
  • Bathrooms: 2.0
  • Floor Space (approx): 766

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

88.1%

Cumulative Market Appreciation

$226,271

Net Operating Income in Year 5

$20,448

Cash on Cash Return in Year 5

-10.5%

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
%
$163,798
Mortgage Amount $655,192
Mortgage Payment
%
$3,399

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,229
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $862
Net Operating Income $1,366
Debt Service
Mortgage Payment $3,399
Net Cash Flow -$2,033

Acquistion Costs

Deposit $163,794
Land Transfer Tax $12,854
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $4
Total Acquisition Costs $193,152

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $15,474
Deposit @ 90 days $20,474
Deposit @ 180 days $20,474
Deposit @ 365 days $20,474
Deposit @ 0 days $40,949
Due on Occupancy $40,949
Total Deposit $163,794
Closing Date Sep 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $102,371$20,474$40,949 - - - - - - -
Closing Costs - - $29,358 - - - - - - -
Mortgage Paydown - - $5,037$10,436$10,937$11,463$12,014$12,591$13,197$13,831
Total $102,371$20,474$75,344$10,436$10,937$11,463$12,014$12,591$13,197$13,831
Cash Invested $102,371$122,845$198,189$208,625$219,563$231,026$243,041$255,633$268,830$282,661
Rental Cash Flows
Rent and other income - - $13,374$27,323$28,498$29,724$31,002$32,335$33,725$35,176
Operating Expenses - - -$5,176-$10,485-$10,753-$11,029-$11,313-$11,605-$11,906-$12,216
Mortgage Payment - - -$20,397-$40,794-$40,794-$40,794-$40,794-$40,794-$40,794-$40,794
Net Cash Flow - - -$12,199-$23,955-$23,048-$22,099-$21,105-$20,064-$18,975-$17,834
Returns
Property Price Appreciation $40,949$42,996$45,146$47,404$49,774$52,263$54,876$57,620$60,501$63,526
Mortgage Paydown - - $5,037$10,436$10,937$11,463$12,014$12,591$13,197$13,831
Net Cash Flow - - -$12,199-$23,955-$23,048-$22,099-$21,105-$20,064-$18,975-$17,834
Total Return $40,949$42,996$37,984$33,884$37,663$41,627$45,785$50,147$54,723$59,522
Cumulative Return $40,949$83,946$121,931$155,815$193,479$235,106$280,892$331,040$385,763$445,286
Investment Metrics
Cumulative ROI 40.0% 68.3% 61.5% 74.7% 88.1% 101.8% 115.6% 129.5% 143.5% 157.5%
Cash On Cash - - -6.2% -11.5% -10.5% -9.6% -8.7% -7.8% -7.1% -6.3%

Location of 503a-1640 Kingston Rd, Pickering, ON, L1V 1C3

Demographic Information of 503a-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