1655 Palmers Sawmill Road 106, Pickering

$599,500
1655 Palmers Sawmill Road 106

$599,500

New
16d
Condo Townhouse3-Storey

1655 Palmers Sawmill Road 106, Pickering

Total Monthly Obligation $3,182

Beds
2
Baths
3
Park
1
Sqft
1000-1199
DOM
16d
Score
19
Yield
5.1%
Cash on Cash
-3.9%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Condo Townhouse
MLS® Number-E13873690
Beds-2
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 7, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-New
Taxes-$5,300 (2026)
Maintenance-$121.74/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-IQI GLOBAL REAL ESTATE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-flexible
Neighbourhood-Duffin Heights
Title-Residential Condo & Other

No agent assigned

Brand New & Never Lived In - Beautiful 2-Bedroom Townhome. Welcome to this stunning, newly built 2-bedroom, 2.5-bathroom townhome offering a bright, spacious, thoughtfully designed open-concept layout filled with natural light from oversized windows and complemented by stylish smooth-finish ceilings. The upgraded contemporary kitchen features premium Caesarstone countertops, enhanced cabinetry with tall uppers, and 5 new high-end Samsung appliances. A private balcony just off the living area provides the perfect spot for morning coffee, entertaining guests, or relaxing at the end of the day. Beautiful stained oak staircases connect every level with an elegant, cohesive finish. The primary suite offers a generous closet and a beautifully upgraded ensuite with a double-sink vanity and oversized glass-enclosed shower. The second bedroom is conveniently located near its own full bathroom, while a powder room on the main level adds extra convenience for residents and guests. Storage is excellent throughout, including a large storage closet plus an extra-deep oversized closet on the living-room level. Additional features include HRV, central air conditioning, a dedicated parking space, and Tarion warranty. Enjoy an excellent location close to healthcare services, schools, fitness centres, restaurants, financial institutions, popular cafés, and places of worship. Conveniently situated just minutes from Hwy 401, Hwy 407, GO Train service, and the marina, with protected natural heritage lands nearby. Set within a welcoming, family-oriented community, this home offers an ideal balance of modern living, convenience, and access to nature. HST is excluded from the purchase price. Buyers may qualify for the government New Home HST rebate, subject to applicable eligibility criteria. Don't settle for a resale-own a brand-new masterpiece! A beautiful home that is truly move-in ready-come see it for yourself!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$479,600
Land Transfer Taxes$8,465
Legal Fees (Est.)
$
Total cash required for closing$129,865

Total Monthly Obligation

$3,182/mo
Mortgage $2,418
Monthly Loss $2,545
Principal$636
Interest$1,782
Property Tax$442
Condo Fees$122
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.0%
Returns Index
16.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,780/yr
NOI
$18,541/yr
Net Cash Flow
-$873/mo
Cash Margin
-34.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.6/ 100

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

Comparables

Properties near 1655 Palmers Sawmill Road 106

Time

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