
49- 1345 Altona Road, Pickering
Pickering
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/MIRACLE REALTY LTD
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
2
Days on Market
17
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,000/mo
Estimated from market price-to-rent ratios
Remarks
A home that simply feels right*Prime location with exceptional convenience*Gorgeously renovated full-brick 2-storey end-unit townhouse in Pickering's highly attractive Rougemount community, bordering Toronto*Located within the catchment for top-ranked Elizabeth B. Phin P.S. (8.7/10), popular Dunbarton H.S. (7.6/10), also with access to St. Monica Catholic School & St. Mary Catholic Secondary School*Offering the space & feel of a semi-detached home*This sun-filled property features elegant stone exterior finishes front & back for timeless curb appeal & durability*Freshly painted (Jul 26) Fully upgraded and renovated kitchen (2024) *Basement, living area, second floor & bathroom renovated (2023) *Spacious attached garage*Bright open-concept living & dining with cozy gas fireplace, hardwood floor, picture window*Modern kitchen with quartz countertops & backsplash, breakfast bar, pantry, gas stove, stainless steel appliances, double sink and spacious breakfast area that can also be converted to a family room*Walk out to a sunny private backyard with deck, no large trees & plenty of green space-perfect for BBQ, entertaining or gardening*Hardwood flooring throughout 2nd floor*Spacious primary bedroom with large walk-in closet & computer nook*Two additional generously sized bedrooms Professionally finished basement offers flexible space for a recreation room, home office, den or potential fourth bedroom Oversized laundry room with abundant storage*Furnace & Ac 2024*Maintenance fee covers water, roof, window, deck, common area maintenance, attic, pest control*Plenty of visitor parking*Minutes to Hwy 401, Rouge Hill GO & 24-hour TTC transit at Altona & Kingston*Steps to walk-in clinic, pharmacy, dental office, eye care, daycare, library, community centre, convenience store and restaurants*Close to banks, grocery stores, big-box retailers, places of worship, Toronto Zoo, Pickering Waterfront & Petticoat Creek Conservation Area*Make it your home and enjoy!
MississaugaInvestor.ca
49- 1345 Altona Road
Condo Townhouse · 4bd/2ba · ~1,300 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.69%
Monthly Cash Flow
-$1,652/mo
Estimated Rent
$3,000/mo
Cash-on-Cash
-12.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,000 |
| Mortgage | −$3,217 |
| Property Tax | −$588 |
| Insurance | −$225 |
| Condo Fee | −$472 |
| Vacancy (5%) | −$150 |
| Cash Flow | -$1,652/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,000 |
| Vacancy (5%) | −$1,800 |
| Property Tax | −$7,060 |
| Insurance | −$2,700 |
| Condo Fee | −$5,664 |
| Annual NOI | $18,776 |
| 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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