1400 The Esplanade N 607, Pickering

$550,000
1400 The Esplanade N 607

$550,000

New
9d
Condo TownhouseBungalow

1400 The Esplanade N 607, Pickering

Total Monthly Obligation $3,327

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
9d
Score
18
Yield
5.7%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.3%
Property Type-Condo Townhouse
MLS® Number-E14031514
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Condo Townhouse
Taxes-$3,476.95 (2026)
Maintenance-$619/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Town Centre
Title-Residential Condo & Other

No agent assigned

Welcome to The Casitas - where comfort, convenience and carefree living come together. This bright and spacious two-bedroom, two-bathroom condo apartment is an ideal opportunity for downsizers looking for a home that offers both accessibility and an easy, low-maintenance lifestyle. Enjoy the convenience of ground-floor living with a walkout patio-perfect for barbecuing, gardening or simply relaxing outdoors. The bright living room flows seamlessly into a generous dining area, while the updated kitchen overlooks the dining room and offers easy access to the underground parking. The spacious primary bedroom features a large walk-in closet, additional storage closet and a private four-piece ensuite. The well-appointed second bedroom is ideal for guests, a home office or hobbies and is conveniently located across from a three-piece bathroom with a walk-in shower. Additional highlights include full-size side-by-side laundry, an oversized accessible underground parking space and a separate underground storage locker. Residents also enjoy the peace of mind of 24-hour gatehouse security. Located just steps from Pickering's vibrant community amenities, including the recreation complex, library, City Hall and Courtyard, where events are hosted, as well as medical services and the GO Train. A wonderful opportunity to simplify your lifestyle without giving up space, comfort or convenience!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$440,000
Land Transfer Taxes$7,475
Legal Fees (Est.)
$
Total cash required for closing$118,975

Total Monthly Obligation

$3,327/mo
Mortgage $2,219
Monthly Loss $2,743
Principal$584
Interest$1,635
Property Tax$290
Condo Fees$619
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.0%23
10-Year IRR
9.2%
Returns Index
12.8/ 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
$31,320/yr
NOI
$14,883/yr
Net Cash Flow
-$978/mo
Cash Margin
-37.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.0/ 100

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

Comparables

Properties near 1400 The Esplanade N 607

Time

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