1865 Pickering Parkway 808, Pickering

$720,000
1865 Pickering Parkway 808

$720,000

New
28d
Condo Townhouse3-Storey

1865 Pickering Parkway 808, Pickering

Total Monthly Obligation $3,908

Beds
3
Baths
3
Park
1
Sqft
1400-1599
DOM
28d
Score
18
Yield
5.1%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Townhouse
MLS® Number-E13832984
Beds-3
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Sep 25, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-0-5
Taxes-$6,218.39 (2026)
Maintenance-$285.65/mo
Locker-None
Parking-3 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Flexible
Neighbourhood-Village East
Title-Residential Condo & Other

No agent assigned

Finally a townhouse with some character! Warm red brick, wood-look accents and glass balcony railings give this 2024-built end unit a look you'll notice before you even walk in the door. Inside, you'll find 1,470 sqft of living space, plus a private 397 sqft rooftop terrace. Being an end unit, the home has extra windows, so natural light pours in throughout the day. The main floor feels open and airy with its 9ft ceilings, and the kitchen is made for gathering, with quartz counters, a subway tile backsplash, stainless steel appliances and a breakfast bar where everyone ends up. The living and dining area has windows on two sides and walks out to a covered balcony, and a powder room and main-floor laundry that keeps everyday life simple. Upstairs, all 3 bedrooms have upgraded laminate flooring instead of carpet, and the primary has its own 3-piece ensuite. The popcorn ceilings have been removed throughout for a clean, smooth finish. The rooftop terrace is where this home really shines. Picture morning coffee in the sun, summer barbecues and long evenings with friends. It quickly becomes the favourite spot in the house. Down on the ground level, the rec room works well as a home office or den, and the double car garge is a rare find in a condo townhouse. Maintenance fees take care of snow removal, landscaping, exterior window cleaning, and exterior upkeep. You're steps from Blue Sky Supermarket, local restaurants and transit, and just mintues from Hwy401, Pickering Go, Pickering City Centre, Walamrt and Canadian Tire, all in a quiet community with friendly neighbours.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$576,000
Land Transfer Taxes$10,875
Legal Fees (Est.)
$
Total cash required for closing$156,375

Total Monthly Obligation

$3,908/mo
Mortgage $2,904
Monthly Loss $3,144
Principal$764
Interest$2,140
Property Tax$518
Condo Fees$286
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.0%1
5-Year IRR
8.6%26
10-Year IRR
9.5%
Returns Index
14.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,552/yr
NOI
$20,851/yr
Net Cash Flow
-$1,167/mo
Cash Margin
-38.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo39
Risk Index
21.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1865 Pickering Parkway 808

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.