Blk 14-1- 984 Cormorant Path, Pickering
Pickering
$939,990
Cash flow, cap rate & mortgage breakdown
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Listed by INTERCITY REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
4
Bathrooms
4
Days on Market
95
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,350/mo
Estimated from market price-to-rent ratios
Remarks
Brand New Willow End Unit Model (Approx. 1,910 Sq Ft) By Tower Hill Homes In The Highly Desirable New Seaton Community. Freehold Townhome Featuring An Open-Concept Layout, Great Room With Electric Fireplace, Modern Kitchen With Centre Island, Natural Oak Staircase, Main Floor Laundry, And Full Basement. Primary Bedroom Includes Walk-In Closet And 4-Pc Ensuite. Buyer To Select Finishes. Includes $10,000 In Décor Dollars. Conveniently Located Near Hwy 407/401, GO Station, Parks, Trails, And Schools. Closing Scheduled For October/November 2026. *****H.S.T. REBATE APPLICABLE *****
MississaugaInvestor.ca
Blk 14-1- 984 Cormorant Path
Att/Row/Townhouse · 4bd/4ba · ~1,750 sqft
$939,990
Cash-Flow Report · July 31, 2026
Cap Rate
1.77%
Monthly Cash Flow
-$2,944/mo
Estimated Rent
$3,350/mo
Cash-on-Cash
-17.13%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,350 |
| Mortgage | −$4,327 |
| Property Tax | −$791 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$783 |
| Vacancy (5%) | −$168 |
| Cash Flow | -$2,944/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,200 |
| Vacancy (5%) | −$2,010 |
| Property Tax | −$9,494 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,400 |
| Annual NOI | $16,596 |
| Cap Rate | 1.77% |
Cash Required to Close
| Down Payment (20%) | $187,998 |
| Ontario Land Transfer Tax | $15,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $206,273 |
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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