1215 Bayly Street 1406, Pickering

$489,000
1215 Bayly Street 1406

$489,000

New
22d
Condo ApartmentApartment

1215 Bayly Street 1406, Pickering

Total Monthly Obligation $3,072

Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
22d
Score
17
Yield
5.5%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.2%
Property Type-Condo Apartment
MLS® Number-E13850872
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,690.92 (2026)
Maintenance-$592.26/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-THE AGENCY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60-89 days
Neighbourhood-Bay Ridges
Title-Residential Condo & Other

No agent assigned

You'll notice the difference the moment you walk in. This beautifully maintained 1+den is a step above the ordinary, with thoughtful updates, polished finishes and details that reflect the pride of an owner who has genuinely cared for the space. South-facing views across the bay bring beautiful natural light throughout the day, with stunning sunrises to enjoy on your balcony each morning. Carpet-free flooring, California shutters, pot lights, light-toned cabinetry, a stylish backsplash and decorative panel moulding come together to create a warm and bright interior that feels distinctly personal. The spacious den adds valuable flexibility, with an added barn door for a dedicated home office, reading area or additional sitting space. The building also offers an indoor pool, steam room and yoga room, adding a little extra to everyday living. The location is equally appealing, with The Shops at Pickering Town Centre, Farm Boy, Loblaws, Starbucks and the waterfront all within easy reach. With a dedicated parking space, you can easily leave the car behind and walk to everyday essentials, or hop in the car when you're heading farther afield. Pickering GO Station is just a five-minute walk away, with the 401 conveniently close by, while your south-facing views remain pleasantly removed from it. With so much within walking distance, it's a location that makes everyday life incredibly convenient while still offering that warm, connected community feel.

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$
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%
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$
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$391,200
Land Transfer Taxes$6,255
Legal Fees (Est.)
$
Total cash required for closing$105,555

Total Monthly Obligation

$3,072/mo
Mortgage $1,972
Monthly Loss $2,553
Principal$519
Interest$1,453
Property Tax$308
Condo Fees$592
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-11.9%0
5-Year IRR
6.5%16
10-Year IRR
8.1%
Returns Index
9.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$27,060/yr
NOI
$11,156/yr
Net Cash Flow
-$1,043/mo
Cash Margin
-46.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
25.1/ 100

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

Comparables

Properties near 1215 Bayly Street 1406

Time

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