1485 Altona Road, Pickering
Pickering
$1,198,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE ASSOCIATES REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,450/mo
Estimated from market price-to-rent ratios
Remarks
A one-of-a-kind location with outstanding development potential located in Pickerings highly sought out Rougement Community! The property currently features an existing home with a swimming pool that can be renovated for personal use or rental income. Whether you choose to build your dream home or develop both lots, you are just a building permit away from starting construction. All severance processes are complete, with only the PIN registration remaining, and over $50,000 in development costs have already been paid, providing significant savings. Architectural plans for both lots are included, helping streamline your next steps. Close To 401, Go Station, Public Transport.
MississaugaInvestor.ca
1485 Altona Road
Detached · 3bd/3ba · ~1,750 sqft
$1,198,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.05%
Monthly Cash Flow
-$4,468/mo
Estimated Rent
$3,450/mo
Cash-on-Cash
-20.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,450 |
| Mortgage | −$5,514 |
| Property Tax | −$1,008 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$998 |
| Vacancy (5%) | −$173 |
| Cash Flow | -$4,468/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$41,400 |
| Vacancy (5%) | −$2,070 |
| Property Tax | −$12,100 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,980 |
| Annual NOI | $12,550 |
| Cap Rate | 1.05% |
Cash Required to Close
| Down Payment (20%) | $239,600 |
| Ontario Land Transfer Tax | $20,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $263,035 |
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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