508 Cliffview Road, Pickering

$1,250,000
508 Cliffview Road

$1,250,000

New
3d
Detached2-Storey

508 Cliffview Road, Pickering

Total Monthly Obligation $6,038

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
3d
Score
15
Yield
3.4%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.9%
Property Type-Detached
MLS® Number-E14098358
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-60 × 200 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$7,446 (2026)
Parking-4 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-NEW ERA REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-West Shore
Title-Residential Freehold

No agent assigned

Welcome to this custom home with a one of a kind stunning layout with vaulted ceilings, large picture windows & plenty of space in generously sized rooms. The lot size is among the largest in the area, featuring a very large front & backyard. Use the room inside the front door as a mud room, dining room or a home office, whichever suits your needs. A small 3 pc bathroom on the main level. The livingroom has a large gas fireplace with a beautiful brick surround & the open sight line from the huge front window to the patio in the backyard which is a private woodland retreat in the city with natural landscaping & is fully fenced. There is a side door that exits onto a covered patio at the side of the house.The stairway to the bedrooms features a beautiful blackwrought iron railing & the upper hallway overlooks the open livingroom area. From the livingroom you step down into the huge family room with a w/out to the backyard. The large kitchen has white quartz countertops & plenty of cupboards. Upstairs are three generously sized bedrooms each with large windows to let in lots of natural light. The basement is suitable for an in-law suite with a multipurpose room, bedroom & 3 pc spa sized bathroom with marble tiled floors for multigenerational or multi family living. More storage space can be found in a very large laundry room. This property has lots of parking with its long single wide driveway & no sidewalk so there is space for multiple vehicles which could be expanded if needed with space the huge front yard offers. You are steps away from a park & the lake which is visible from the street & the park. The area is ideal for long walks, & time spent outdoors. This lot has ample space for your additions, ideal for investors & developers. There is deeded access to the waterfront trail that remains in effect if the home is renovated but not demolished. Book your visit today. Remember if you love it, you better put an offer on it.

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Closing Costs

Mortgage Amount
$1,000,000
Land Transfer Taxes$21,475
Legal Fees (Est.)
$
Total cash required for closing$272,975

Total Monthly Obligation

$6,038/mo
Mortgage $5,042
Monthly Loss $4,711
Principal$1,327
Interest$3,715
Property Tax$621
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.8%0
5-Year IRR
5.5%13
10-Year IRR
7.1%
Returns Index
7.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$42,300/yr
NOI
$26,124/yr
Net Cash Flow
-$2,865/mo
Cash Margin
-81.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
15.5/ 100

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

Comparables

Properties near 508 Cliffview Road

Time

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Data last updated within the past 24 hours.