5- 1956 Altona Road, Pickering
Pickering
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
4
Days on Market
85
Price Drop
9%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
Feels like detached without the price. Modern 3-storey condo townhouse in Pickering featuring a bright open-concept layout with a sleek modern kitchen, granite countertops, and spacious living/dining area perfect for entertaining. Freshly painted ready for immediate occupancy. Surrounded by greenery and scenic ponds while conveniently close to major routes, transit, everyday amenities, fine dining restaurants, and highly rated elementary schools - enjoy the perfect balance of nature, comfort, and urban convenience. The spacious living and dining area flows seamlessly into a contemporary kitchen with stainless steel appliances, centre island, and ample cabinetry. Walk out to your private balcony for a perfect for morning coffee or evening relaxation. Upstairs offers generously sized, sun-filled bedrooms with large closets, while the versatile lower-level room is ideal as a home office, guest room, or additional bedroom. Includes in-suite laundry, EV charger capability, and attached garage with interior access.
MississaugaInvestor.ca
5- 1956 Altona Road
Condo Townhouse · 4bd/4ba · ~1,900 sqft
$699,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.69%
Monthly Cash Flow
-$1,650/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-12.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$3,217 |
| Property Tax | −$588 |
| Insurance | −$225 |
| Condo Fee | −$470 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$1,650/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$7,060 |
| Insurance | −$2,700 |
| Condo Fee | −$5,640 |
| Annual NOI | $18,800 |
| Cap Rate | 2.69% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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