1655 Pickering Parkway 703, Pickering

$459,888
1655 Pickering Parkway 703

$459,888

New
7d
Condo Apartment1 Storey/Apt

1655 Pickering Parkway 703, Pickering

Total Monthly Obligation $3,363

Bed+Den
3+1
Baths
2
Park
2
Sqft
1000-1199
DOM
7d
Score
18
Yield
7.4%
Cash on Cash
-4.6%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Condo Apartment
MLS® Number-E14085996
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 16, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,528 (2026)
Maintenance-$1,014.14/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete Poured, Brick
Possession-30-59 days
Neighbourhood-Village East
Title-Residential Condo & Other

No agent assigned

Welcome to Emerald Point in the heart of Pickering! This bright, immaculate and spacious 2-bedroom plus den suite offers approximately 1,080 sq. ft. of comfortable living space, with beautiful unobstructed views and plenty of natural light. the suite features upgrade kitchen with quartz countertops and breakfast bar, and upgraded bathrooms.The generous primary bedroom features a walk-in closet and private 4-piece ensuite. The versatile den is ideal for a home office, reading retreat. The open-concept living and dining area provides an inviting space for everyday living and entertaining, while the sun-filled solarium offers additional flexibility.Enjoy an impressive selection of building amenities, including an indoor swimming pool, sauna, hot tub, fitness and weight rooms, games and ping-pong room, handball/squash court, library, party room with full kitchen, and two guest suites.Major building improvements include new hallway carpeting and lighting, new suite entrance doors, updated fan coil units, a new roof and new elevators.Conveniently located just minutes from Pickering Town Centre, restaurants, medical and community facilities, Highway 401, the Lakeshore East GO Train and public transit. Nearby pickleball courts add to the lifestyle appeal. Maintenance fees include heat and water.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$367,910
Land Transfer Taxes$5,673
Legal Fees (Est.)
$
Total cash required for closing$99,151

Total Monthly Obligation

$3,363/mo
Mortgage $1,855
Monthly Loss $2,875
Principal$488
Interest$1,367
Property Tax$294
Condo Fees$1,014
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
8.2%24
10-Year IRR
9.5%
Returns Index
13.1/ 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
$33,840/yr
NOI
$12,358/yr
Net Cash Flow
-$825/mo
Cash Margin
-29.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.7/ 100

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

Comparables

Properties near 1655 Pickering Parkway 703

Time

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