
1530 Somergrove Crescent, Pickering
Pickering
$999,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE FLOWER CITY REALTY
Investment Analysis
Key Facts
Type
Duplex
Bedrooms
8
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
Estimated per-unit rents for duplex based on GTA rental market data
Remarks
Welcome to this exceptional all-brick detached home situated on a premium corner lot in one ofPickering's most desirable family-friendly neighbourhoods. Extensively renovated with over$200,000 invested in quality upgrades, this move-in-ready home offers the perfect combinationof luxury, functionality, and income potential. The main home features 4 spacious bedrooms and3 bathrooms above grade, a bright open-concept living and dining area, a beautifully renovatedkitchen overlooking the cozy family room with fireplace, main floor laundry, and direct accessto the double-car garage. A standout feature is the fully legal 2-bedroom Additional Dwelling Unit with a separateentrance and separate laundry, providing an excellent opportunity for rental income. Thebasement also includes a separate private office or den, ideal for working from home orcreating additional personal space. Recent upgrades include newer windows (2024), roof and gutters (2023), garage door (2025),professionally completed interlocking (2024) , renovated kitchen, flooring and bathrooms (2020),fencing, smart home switches, security cameras, and an EV charger connection in the garage.Enjoy exceptional outdoor living with finished interlocking, a retaining wall, fire pit, maturefruit-bearing trees, and plenty of space for entertaining family and friends. Ideally located close to excellent public and French immersion schools, parks, shopping,transit, major highways, and places of worship, this exceptional turnkey property offers modernliving, outstanding versatility, and incredible value for families and investors alike.
MississaugaInvestor.ca
1530 Somergrove Crescent
Duplex · 8bd/4ba · ~1,750 sqft
$999,000
Cash-Flow Report · July 31, 2026
Cap Rate
5.02%
Monthly Cash Flow
-$417/mo
Estimated Rent
$6,400/mo
Cash-on-Cash
-2.28%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,400 |
| Mortgage | −$4,598 |
| Property Tax | −$841 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$320 |
| Cash Flow | -$417/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$76,800 |
| Vacancy (5%) | −$3,840 |
| Property Tax | −$10,090 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,990 |
| Annual NOI | $50,180 |
| Cap Rate | 5.02% |
Cash Required to Close
| Down Payment (20%) | $199,800 |
| Ontario Land Transfer Tax | $16,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,255 |
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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