
702- 1400 The Esplanade N/A, Pickering
Pickering
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
55
Price Drop
9%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 1400 The Esplanade North, Pickering! Discover this stunning 3-bedroom, 3-bathroom townhome offering 1,790 sq. ft. of thoughtfully designed living space in Pickering's highly desirable Town Centre community.Bright, spacious, and beautifully maintained, this home features a functional open-concept layout, a main-floor balcony, and the rare convenience of two separate entrances-one directly from the street and another from the building hallway.The inviting living room is filled with natural light and offers a walkout to a private terrace, perfect for enjoying your morning coffee, unwinding after a long day, or entertaining family and friends with summer BBQs. The open-concept kitchen flows seamlessly into the dining and living areas, creating an ideal space for both everyday living and entertaining.The second level is dedicated to a luxurious primary retreat, featuring an oversized bedroom, a spacious walk-in closet, and a private ensuite bathroom complete with a separate shower.On the third level, you'll find two generously sized bedrooms, a full bathroom, and a versatile loft area-ideal for a home office, study space, or cozy reading nook. A large storage room adds valuable functionality and convenience.This home includes one parking space and is perfectly situated within walking distance to the library, recreation centre, and Pickering Town Centre. Enjoy easy access to Pickering GO Station, public transit, top-rated schools, shopping, restaurants, and all major amenities. Conveniently located just minutes from Highways 401. An exceptional opportunity for families, professionals, and investors seeking comfort, space, and unbeatable convenience in one of Pickering's most sought-after neighbourhoods.
MississaugaInvestor.ca
702- 1400 The Esplanade N/A
Condo Townhouse · 3bd/3ba · ~1,700 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.93%
Monthly Cash Flow
-$1,496/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-16.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$2,301 |
| Property Tax | −$421 |
| Insurance | −$225 |
| Condo Fee | −$876 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$1,496/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$5,049 |
| Insurance | −$2,700 |
| Condo Fee | −$10,512 |
| Annual NOI | $9,669 |
| Cap Rate | 1.93% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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