1865 Pickering Parkway 301, Pickering

$739,000
1865 Pickering Parkway 301

$739,000

New
9d
Condo Townhouse3-Storey

1865 Pickering Parkway 301, Pickering

Total Monthly Obligation $4,018

Beds
4
Baths
3
Park
1
Sqft
1800-1999
DOM
9d
Score
18
Yield
5.0%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Townhouse
MLS® Number-E14032308
Beds-4
Bathrooms-3
Size-1800-1999 sqft
Listed on site-Oct 14, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-0-5
Taxes-$6,622 (2026)
Maintenance-$285.68/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Vacant
Neighbourhood-Village East
Title-Residential Condo & Other

No agent assigned

Welcome to the largest floor plan in the entire community -an 1,858 sq ft corner-unit condo townhouse in Pickering's sought-after Village East, facing directly onto the community's own park. This freshly painted, 1.5 year new 4-bedroom, 3-bathroom home stands apart, offering more space and privacy than anything else the builder created in this development. The main level opens with a spacious 4th bedroom, featuring wide-plank flooring and a large window -ideal as a private guest room, home office, or additional living space. Upstairs, the open-concept kitchen showcases stainless steel appliances and a breakfast bar, flowing seamlessly into a sun-filled dining and living area with a walk-out balcony and wide-plank flooring throughout.The upper level holds three additional bedrooms, anchored by a spacious primary suite complete with a 3-piece ensuite and walk-in closet. A separate full 3-piece washroom serves the other two generously sized bedrooms, each with large windows and closets.The true showstopper is the oversized, 2 sided rooftop terrace -1 side overlooking the park, the other facing the private backyard below -giving you two distinct outdoor entertaining spaces in one home. Add in the rare private backyard, and this unit offers an amount of outdoor living space unmatched elsewhere in the community.Facing the park itself, residents enjoy direct views of the community's green space, complete with a children's play area and swings -a huge draw for families. The corner-lot position floods the home with natural light from multiple exposures while adding privacy on all sides. An attached garage plus a private driveway space keep parking effortless.Location is unbeatable: just a 2-minute walk to SmartCentres Pickering and a 5-min dr to The Shops at Pickering City Centre, Durham's largest mall. Quick access to Brock Rd and Pickering Pkwy puts Highway 401 and GO Transit within reachA rare chance to own the largest floor plan this community has ever offered.

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Closing Costs

Mortgage Amount
$591,200
Land Transfer Taxes$11,255
Legal Fees (Est.)
$
Total cash required for closing$160,555

Total Monthly Obligation

$4,018/mo
Mortgage $2,981
Monthly Loss $3,234
Principal$784
Interest$2,196
Property Tax$552
Condo Fees$286
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.3/ 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
$36,720/yr
NOI
$20,598/yr
Net Cash Flow
-$1,264/mo
Cash Margin
-41.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.9/ 100

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

Comparables

Properties near 1865 Pickering Parkway 301

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.