LiveEn Direct
Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
Image 1
$740,990

The Highmark - 1640 Kingston Rd - 602a - Pickering, ON, L1V 1C3

MLS® # PB511-602A

2.0 Beds

2 Baths

660 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 660

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

83.1%

Cumulative Market Appreciation

$204,721

Net Operating Income in Year 5

$13,455

Cash on Cash Return in Year 5

-12.8%

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
%
$148,198
Mortgage Amount $592,792
Mortgage Payment
%
$3,075

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,608
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $722
Net Operating Income $885
Debt Service
Mortgage Payment $3,075
Net Cash Flow -$2,189

Acquistion Costs

Deposit $148,194
Land Transfer Tax $11,294
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $4
Total Acquisition Costs $175,992

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $13,524
Deposit @ 90 days $18,524
Deposit @ 180 days $18,524
Deposit @ 365 days $18,524
Deposit @ 0 days $37,049
Due on Occupancy $37,049
Total Deposit $148,194
Closing Date Sep 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $92,621$18,524$37,049 - - - - - - -
Closing Costs - - $27,798 - - - - - - -
Mortgage Paydown - - $3,790$9,405$9,857$10,331$10,827$11,348$11,893$12,465
Total $92,621$18,524$68,637$9,405$9,857$10,331$10,827$11,348$11,893$12,465
Cash Invested $92,621$111,145$179,782$189,187$199,045$209,376$220,204$231,552$243,446$255,911
Rental Cash Flows
Rent and other income - - $8,043$19,650$20,495$21,377$22,296$23,255$24,255$25,298
Operating Expenses - - -$3,614-$8,764-$8,981-$9,204-$9,433-$9,669-$9,912-$10,162
Mortgage Payment - - -$15,378-$36,908-$36,908-$36,908-$36,908-$36,908-$36,908-$36,908
Net Cash Flow - - -$10,949-$26,022-$25,394-$24,736-$24,046-$23,323-$22,566-$21,773
Returns
Property Price Appreciation $37,049$38,901$40,847$42,889$45,033$47,285$49,649$52,132$54,738$57,475
Mortgage Paydown - - $3,790$9,405$9,857$10,331$10,827$11,348$11,893$12,465
Net Cash Flow - - -$10,949-$26,022-$25,394-$24,736-$24,046-$23,323-$22,566-$21,773
Total Return $37,049$38,901$33,688$26,272$29,497$32,880$36,431$40,156$44,066$48,168
Cumulative Return $37,049$75,951$109,639$135,911$165,409$198,289$234,721$274,877$318,944$367,112
Investment Metrics
Cumulative ROI 40.0% 68.3% 61.0% 71.8% 83.1% 94.7% 106.6% 118.7% 131.0% 143.5%
Cash On Cash - - -6.1% -13.8% -12.8% -11.8% -10.9% -10.1% -9.3% -8.5%

Location of 602a-1640 Kingston Rd, Pickering, ON, L1V 1C3

Demographic Information of 602a-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