
1118 Gossamer Drive, Pickering
Pickering
$899,900
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE BROADWAY REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Over 2,000 sq ft of finished and livable space in Pickering's highly sought-after Liverpool community. This move-in-ready home has been thoughtfully upgraded with over $60K in improvements, including renovated bathrooms, new windows and patio doors, a new heat pump, fresh paint, enhanced attic insulation, pot lights, an updated fence, and a sun-filled 300 sq ft deck. The expanded driveway and modern garage door add standout curb appeal. The finished basement includes a bedroom and a stylish 3-pc bathroom, creating income-suite potential with the possibility of adding a separate entrance-a valuable option for future rental income or multi-generational living. Enjoy a fully fenced and professionally landscaped backyard with no neighbours behind-perfect for young families, pets, and outdoor entertaining. Inside, the open-concept main floor features elegant hardwood throughout. The renovated kitchen offers custom cabinetry and a striking waterfall Caesarstone island. The spacious primary bedroom features a custom Jacuzzi tub and walk-in closet. Direct garage access through a covered vestibule adds everyday convenience. A beautifully upgraded home in one of Pickering's most desirable neighbourhoods. A must-see.
MississaugaInvestor.ca
1118 Gossamer Drive
Detached · 4bd/4ba · ~1,300 sqft
$899,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.12%
Monthly Cash Flow
-$1,799/mo
Estimated Rent
$4,290/mo
Cash-on-Cash
-10.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,290 |
| Mortgage | −$4,142 |
| Property Tax | −$757 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$750 |
| Vacancy (5%) | −$215 |
| Cash Flow | -$1,799/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$51,480 |
| Vacancy (5%) | −$2,574 |
| Property Tax | −$9,089 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,999 |
| Annual NOI | $28,118 |
| Cap Rate | 3.12% |
Cash Required to Close
| Down Payment (20%) | $179,980 |
| Ontario Land Transfer Tax | $14,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,453 |
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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