
42- 580 Eyer Drive, Pickering
Pickering
$599,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
A walkout basement in a condo townhouse is not something you see often. This one opens straight onto a fully fenced backyard, giving you three full levels of real living space across this3-bedroom, 3-bathroom home. The main floor centres on a custom solid oak kitchen with a large pantry, gas stove, and a corner sink that leaves real counter space to work with. The living room opens through a sliding door onto your own balcony, and hardwood runs throughout. Upstairs, all three bedrooms sit together with the laundry, including a primary with two windows and two closets. The bathroom has a double soaker tub, a separate shower, a bidet, and a privacy toilet. Downstairs is where this unit sets itself apart: a finished basement with a wet bar and brand new fridge, a third full bathroom, and a walk-out to a fully fenced, interlocking brick backyard planted with low-maintenance evergreens. A large storage room greets you right at the entrance from the garage, ideal for shelving, gear, or seasonal storage, plus a second storage room tucked away. Two underground parking spots come with direct home access. The maintenance fee already covers water, bulk Rogers Ignite internet/cable, and building insurance. The complex sits on award-winning gardens with an on-site playground, walking distance to schools, and a bus stop right out front. From here it's minutes to Highway 401, the Pickering GO station, Pickering Town Centre and Petticoat Creek Conservation Area. Book a showing to see what three full levels of living space actually feels like. * Some photos are virtually staged*
MississaugaInvestor.ca
42- 580 Eyer Drive
Condo Townhouse · 3bd/3ba · ~1,300 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.94%
Monthly Cash Flow
-$2,289/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-20.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$2,757 |
| Property Tax | −$504 |
| Insurance | −$225 |
| Condo Fee | −$1,225 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$2,289/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$6,050 |
| Insurance | −$2,700 |
| Condo Fee | −$14,700 |
| Annual NOI | $5,620 |
| Cap Rate | 0.94% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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