
1013 Albacore Manor, Pickering
Pickering
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated family home nestled on a quiet court in the highly sought-after Bay Ridges community of Pickering. Situated on a premium lot with no sidewalk, this home offers exceptional curb appeal with elegant exterior pot lights and parking for up to 5 vehicles, including a spacious 4-car driveway and attached garage. Step inside to discover a bright, thoughtfully designed layout featuring engineered hardwood flooring throughout the main and second levels, smooth ceilings throughout majority of the home, and spacious principal rooms perfect for everyday living and entertaining. The modern, updated kitchen is the heart of the home, offering both style and functionality, while all three bathrooms have been tastefully updated. The functional floor plan includes 3 generous bedrooms and 3 bathrooms, providing plenty of space for growing families. The finished basement adds valuable living space with durable vinyl flooring, a stylish wet bar, a 3-piece bathroom, a dedicated laundry area, and a large open-concept recreation room that's perfect for entertaining, a home theatre, games room, or additional family living space. Step outside to enjoy the private backyard featuring a large deck, creating the perfect setting for summer BBQs, outdoor dining, and relaxing with family and friends. Ideally located just minutes from Pickering GO Station, Highway 401, Pickering City Centre, the Pickering Waterfront, Frenchman's Bay Marina, parks, schools, shopping, restaurants, and every major amenity, this move-in-ready home combines comfort, style, and convenience in one of Pickering's most desirable neighbourhoods. A rare opportunity to own a beautifully maintained, updated home in an unbeatable location where there's truly nothing left to do but move in and enjoy!
MississaugaInvestor.ca
1013 Albacore Manor
Detached · 3bd/3ba · ~1,300 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.33%
Monthly Cash Flow
-$1,858/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-14.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,217 |
| Property Tax | −$588 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$583 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$1,858/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$7,060 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,990 |
| Annual NOI | $16,310 |
| Cap Rate | 2.33% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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