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Price on request
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
100%
Welcome to 1530 Somergrove Crescent! This beautifully renovated all-brick detached home issituated on a premium corner lot in one of Pickering's desirable family-friendlyneighbourhoods. This lease is for the upper portion only, offering 4 spacious bedrooms and 3bathrooms above grade.The home features a bright open-concept living and dining area, a beautifully renovated kitchenoverlooking the inviting family room with fireplace, main-floor laundry, and direct access tothe double-car garage. Enjoy numerous quality upgrades including newer windows, updatedflooring and bathrooms, smart home switches, security cameras, and an EV charger connection inthe garage.The property also offers a beautifully finished outdoor space with interlocking, a retainingwall, fire pit, mature fruit-bearing trees, and plenty of room to enjoy or entertain.Ideally located close to public and French immersion schools, parks, shopping, transit, majorhighways, and places of worship.Basement unit is separately rented and not included in the lease. Utilities are shared, withthe upper-unit tenant responsible for 70% and the basement tenant responsible for 30%.A fantastic opportunity to lease a spacious, upgraded family home in a convenient Pickeringlocation. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$89K
Annual cash flow
$6K
Cash-on-cash
1.31%
DSCR
1.07
Going-in cap
5.94%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
134,056
Households
53,789
Median income
$101,000
Median age
44.6
Daytime population
177,899
5-yr growth
3.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1530 SOMERGROVE CRESCENT, Pickering (Brock Ridge).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.