1761 Rex Heath Drive, Pickering
Pickering
$589,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX COMMUNITY REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to modern urban living at 1761 Rex Heath Drive, located in the highly sought-after Duffin Heights community of Pickering. This exceptionally bright, turn-key townhome boasts afunctional, open-concept floor plan designed for effortless everyday activities and entertaining. The sun-filled layout features a spacious Living area and an eat-in kitchen equipped with stainless steel appliances and a large island. Upstairs, the primary bedroom serves as a true private retreat, complete with its own dedicated ensuite bathroom. The second bedroom offers incredible versatility, custom-configured with a cozy sitting area and a spacious walk-in closet-an ideal setup for a dedicated home office or reading nook. For ultimate convenience, the laundry room is also located right on the upper level. This home features 2 parking spaces (an attached garage plus a private driveway) and sits just steps away from Creekside Park, the Pickering Golf Club, shopping, schools, and quick access to Highways401 & 407. Ideal for first-time buyers, down-sizers, and young professionals!
MississaugaInvestor.ca
1761 Rex Heath Drive
Condo Townhouse · 2bd/3ba · ~1,100 sqft
$589,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.08%
Monthly Cash Flow
-$1,692/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-15.73%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,711 |
| Property Tax | −$496 |
| Insurance | −$225 |
| Condo Fee | −$350 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,692/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$5,949 |
| Insurance | −$2,700 |
| Condo Fee | −$4,200 |
| Annual NOI | $12,231 |
| Cap Rate | 2.08% |
Cash Required to Close
| Down Payment (20%) | $117,800 |
| Ontario Land Transfer Tax | $8,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $129,055 |
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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