19- 1956 Altona Road, Pickering
Pickering
$719,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Executive living meets everyday convenience in this beautifully upgraded 2-bed townhome. Soaring 9 foot ceilings, oak staircase & laminate flooring throughout create a polished, move-in-ready feel. Open-concept living/dining features upgraded electric fireplace with mood lighting flows to a private balcony overlooking forest & pond. Granite counters, breakfast bar, stainless appliances anchor the kitchen. Each bedroom has ensuite bath plus a spacious primary bedroom with walk-in closet & bonus closest, Balcony has natural gas hook up for Barbecue, Rough-in Centre Vacuum, visitor parking & EV charging spots. Built by Award-Winning Marshall Homes. Steps to Rouge National Park, 10 mins to 401/407, Pickering & Rouge Hill GO stations, on Pickering 121 bus route. Note! Maintenance fees also covers the windows, roof, balconies & external doors.
MississaugaInvestor.ca
19- 1956 Altona Road
Condo Townhouse · 2bd/3ba · ~1,700 sqft
$719,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.56%
Monthly Cash Flow
-$2,376/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-18.09%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$3,309 |
| Property Tax | −$605 |
| Insurance | −$225 |
| Condo Fee | −$469 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,376/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$7,262 |
| Insurance | −$2,700 |
| Condo Fee | −$5,628 |
| Annual NOI | $11,200 |
| Cap Rate | 1.56% |
Cash Required to Close
| Down Payment (20%) | $143,800 |
| Ontario Land Transfer Tax | $10,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $157,655 |
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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