
1289 Ilona Park Road, Pickering
Pickering
$899,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ROUGE RIVER REALTY LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
11
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
Experience lakeside living in Pickering's highly sought-after Bay Ridges community. Set on a beautifully treed 50 x 100 ft. lot with parking for up to five vehicles, this well-maintained home offers hardwood floors under the carpets and a versatile layout that's ideal for families. The main floor features a bright oversized eat-in kitchen, a spacious living room with large windows, and a separate dining room with a walk-out to the private backyard. Designed for entertaining, the outdoor space includes a covered bar, stone oven and patio which makes it perfect for summer BBQs and gatherings with family and friends. There is also a large custom built storage shed with a second covered patio. Upstairs you'll find four generously sized bedrooms, including a spacious primary retreat complete with a walk-in closet and two walk-outs to private balconies. The finished basement adds valuable living space with a recreation room and a 3-piece bathroom. Enjoy an unbeatable location with an exceptional walk score, just steps to the beach, Millennium Square, the marina, waterfront restaurants, shops, parks, and schools. Commuters will appreciate the easy access to the GO Train and Highway 401. Roof replaced approximately 2020. Driveway rebuilt with a 4-ft. gravel base approximately 2023. Most windows approx 2005
MississaugaInvestor.ca
1289 Ilona Park Road
Detached · 4bd/3ba · ~1,750 sqft
$899,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.06%
Monthly Cash Flow
-$2,597/mo
Estimated Rent
$3,450/mo
Cash-on-Cash
-15.78%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,450 |
| Mortgage | −$4,142 |
| Property Tax | −$757 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$750 |
| Vacancy (5%) | −$173 |
| Cash Flow | -$2,597/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$41,400 |
| Vacancy (5%) | −$2,070 |
| Property Tax | −$9,089 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,999 |
| Annual NOI | $18,542 |
| Cap Rate | 2.06% |
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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