415- 1435 Celebration Drive, Pickering
Pickering
$619,900
Cash flow, cap rate & mortgage breakdown
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Listed by UNION CAPITAL REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this bright and spacious 2-bedroom, 2-bathroom condo offering 790 sq. ft. of well-designed living space. This thoughtfully laid out suite features 5 total rooms, an open-concept kitchen, two full bathrooms, and two open balconies, providing the perfect blend of indoor and outdoor living. Enjoy the convenience of one owned parking space and one owned locker for added storage. Located in the heart of Pickering, this home is just minutes from Pickering Town Centre, SmartCentres Pickering, restaurants, cafés, grocery stores, and everyday amenities. Commuters will appreciate easy access to Highways 401 and 407, Pickering GO Station, Durham Region Transit, and nearby public transit options. The area also offers excellent schools, parks, walking trails, recreation centres, and is just a short drive to Frenchman's Bay, the Pickering Waterfront, and scenic Lake Ontario trails.
MississaugaInvestor.ca
415- 1435 Celebration Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$619,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.51%
Monthly Cash Flow
-$2,075/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-18.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,853 |
| Property Tax | −$522 |
| Insurance | −$225 |
| Condo Fee | −$612 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$2,075/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$6,261 |
| Insurance | −$2,700 |
| Condo Fee | −$7,344 |
| Annual NOI | $9,345 |
| Cap Rate | 1.51% |
Cash Required to Close
| Down Payment (20%) | $123,980 |
| Ontario Land Transfer Tax | $8,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $135,853 |
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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