975 Elizabeth Mackenzie Drive, Pickering
Pickering
$899,990
Cash flow, cap rate & mortgage breakdown
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Listed by INTERCITY REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
95
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
*Brand New* Spacious Freehold Townhome by Tower Hill Homes offering approx. 1,937 Sq. Ft. Beech Model in the sought-after New Seaton community, currently at drywall stage. Bright open-concept main floor with spacious kitchen and great room, large windows for abundant natural light, and oak staircase. Enjoy a private backyard-perfect for relaxing or entertaining. Generous bedrooms including a primary retreat with walk-in closet and ensuite, plus convenient second-floor laundry. Optional 4th bedroom layout available. Close to Seaton trails, schools, Pickering Town Centre, and minutes to Hwy 401/407 & GO Station. No condo fees. ***** H.S.T. REBATE APPLICABLE *****
MississaugaInvestor.ca
975 Elizabeth Mackenzie Drive
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$899,990
Cash-Flow Report · July 31, 2026
Cap Rate
1.49%
Monthly Cash Flow
-$3,026/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-18.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$4,143 |
| Property Tax | −$758 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$750 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$3,026/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$9,090 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,000 |
| Annual NOI | $13,410 |
| Cap Rate | 1.49% |
Cash Required to Close
| Down Payment (20%) | $179,998 |
| Ontario Land Transfer Tax | $14,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,473 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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