
16A- 1360 Glenanna Road, Pickering
Pickering
$399,888
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ACE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
2
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
Don't miss this rare POWER-OF-SALE opportunity in highly sought-after downtown Pickering, ideally located just seconds from Highway 401, Pickering Town Centre, and the Pickering GO Station, offering unbeatable convenience for commuters and families alike. This bright and spacious townhouse features three generously sized bedrooms with large windows that fill the home with natural light, along with a walk-out to a large private balcony-perfect for relaxing or entertaining. Situated within walking distance to Glengrove Public School, Pine Ridge Secondary School, Pickering Public Library, Pickering Recreation Complex, and Pickering Town Hall, it's an excellent choice for families. Enjoy easy access to everyday essentials and lifestyle amenities, including GO Transit, major banks, grocery stores like Farm Boy, popular restaurants such as Moxies and Jack Astor's, and entertainment at Cineplex, plus nearby outdoor escapes like Frenchman's Bay, East Park, and Beachfront Park. Freshly painted and move-in ready, this home is ideal for first-time buyers, young families, or investors seeking strong rental potential in a high-demand location. Property being Sold "As Is" condition.
MississaugaInvestor.ca
16A- 1360 Glenanna Road
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$399,888
Cash-Flow Report · July 31, 2026
Cap Rate
3.57%
Monthly Cash Flow
-$653/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-8.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$1,841 |
| Property Tax | −$337 |
| Insurance | −$225 |
| Condo Fee | −$482 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$653/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$4,039 |
| Insurance | −$2,700 |
| Condo Fee | −$5,784 |
| Annual NOI | $14,267 |
| Cap Rate | 3.57% |
Cash Required to Close
| Down Payment (20%) | $79,977.6 |
| Ontario Land Transfer Tax | $4,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,450.6 |
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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