
815- 1665 Pickering Parkway, Pickering
Pickering
$475,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Freshly painted!! New broadloom in bedrooms!! Wake up to breathtaking sunrises from this rarely offered penthouse corner suite with unobstructed views. This bright, light-filled end unit offers exceptional privacy with no neighbour on one side and no one above. Spanning approximately 1,150 sq ft, this is a size you simply don't find in newer condos. The open-concept living and dining area features updated flooring and a modern kitchen with quartz countertops, perfect for both everyday living and entertaining. The spacious primary bedroom includes a private ensuite and a walk-in closet, while the sunlit solarium provides a versatile space ideal for a home office or reading retreat. Located in the meticulously maintained and highly sought-after Emerald Point, residents enjoy a full suite of amenities, including an indoor pool, jacuzzi, sauna, gym, squash court, library, party room with full kitchen, and guest suites. Situated in the heart of Pickering, you're just minutes to Pickering Town Centre, dining, medical and community hubs, and steps to everyday conveniences, including nearby pickleball courts. Commuters will appreciate quick access to Hwy 401 and the Lakeshore GO Train Station, only 30 minutes to downtown Toronto! The train runs every 30 min. from here. Maintenance fees include heat and water. Includes a spacious owned locker. Penthouse opportunities like this are rarely available--don't miss your chance.
MississaugaInvestor.ca
815- 1665 Pickering Parkway
Condo Apartment · 3bd/2ba · ~1,100 sqft
$475,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.72%
Monthly Cash Flow
-$1,504/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.36%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,186 |
| Property Tax | −$400 |
| Insurance | −$225 |
| Condo Fee | −$973 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,504/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,798 |
| Insurance | −$2,700 |
| Condo Fee | −$11,676 |
| Annual NOI | $8,186 |
| Cap Rate | 1.72% |
Cash Required to Close
| Down Payment (20%) | $95,000 |
| Ontario Land Transfer Tax | $5,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $103,975 |
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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