1480 Bayly Street 317, Pickering

$415,000
1480 Bayly Street 317

$415,000

New
16d
Condo Apartment1 Storey/Apt

1480 Bayly Street 317, Pickering

Total Monthly Obligation $2,786

Bed+Den
2+1
Baths
1
Park
1
Sqft
500-599
DOM
16d
Score
17
Yield
5.8%
Cash on Cash
-7.9%
Cap Rate
2.9%
5Y IRR
9.4%
10Y IRR
9.7%
Property Type-Condo Apartment
MLS® Number-E13870606
Bed+Den-2+1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,891.51 (2026)
Maintenance-$588/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Keller Williams Energy Real Estate
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Bay Ridges
Title-Residential Condo & Other

No agent assigned

Modern, stylish, and surprisingly easy to call home! Welcome to this upgraded 1-bedroom + den, 1-bathroom condo at Universal City, perfectly designed for first-time buyers looking to step into the market without sacrificing style, comfort or convenience. Step inside to a bright, open-concept layout that makes the most of every square foot. The modern kitchen features stainless-steel appliances and contemporary finishes, while the versatile den gives you the flexibility you need - create a dedicated home office, cozy study nook, or extra space for whatever life brings. In-suite laundry adds everyday convenience, making this truly move-in ready. And then there are the amenities! Enjoy a rooftop outdoor pool with cabanas, rooftop terrace, BBQ and outdoor entertaining areas, plus a fitness center, yoga/stretch studio, party room, billiards and games area, resident lounges, guest suite, pet wash/spa, 24-hour concierge and visitor parking. It's more than a condo - it's a lifestyle. Even better, Rogers High-Speed Internet + TV are included in the maintenance fee, helping make your monthly budget that much easier to manage. Location? You're approximately a 5-minute walk to Pickering GO, with quick access to Highway 401 and everything you need close by, including Pickering Town Centre, shopping, restaurants and everyday essentials. When it's time to unwind, Frenchman's Bay, the Pickering waterfront, marina, trails and Pickering Casino Resort are all just minutes away. Live close to everything, commute with ease, and enjoy the lifestyle you want - all while making your first step into homeownership. Whether you're a first-time buyer, young professional, downsizer or investor, this upgraded suite offers the perfect combination of modern living, resort-style amenities and unbeatable connectivity. Your home could feel this good.

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

Closing Costs

Mortgage Amount
$332,000
Land Transfer Taxes$4,775
Legal Fees (Est.)
$
Total cash required for closing$89,275

Total Monthly Obligation

$2,786/mo
Mortgage $1,674
Monthly Loss $2,346
Principal$441
Interest$1,233
Property Tax$324
Condo Fees$588
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.8%13
10-Year IRR
7.6%
Returns Index
7.9/ 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
$24,264/yr
NOI
$8,490/yr
Net Cash Flow
-$966/mo
Cash Margin
-47.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
27.0/ 100

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

Comparables

Properties near 1480 Bayly Street 317

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.