765 Oklahoma Drive 5, Pickering

$599,000
765 Oklahoma Drive 5

$599,000

New
16d
Condo Townhouse2-Storey

765 Oklahoma Drive 5, Pickering

Total Monthly Obligation $3,521

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
16d
Score
19
Yield
5.8%
Cash on Cash
-3.9%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Condo Townhouse
MLS® Number-E13874974
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$3,684 (2025)
Maintenance-$598/mo
Locker-None
Parking-2 - Built-In
Basement-Full, Partially Finished, Walk-Out
Heating-Baseboard (Electric)
Brokerage-RIGHT AT HOME REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Possession-Flexible
Neighbourhood-West Shore
Title-Residential Condo & Other

No agent assigned

Fully renovated and steps from the water, in one of Pickering's most sought after pockets. West Shore sits right on Frenchman's Bay where it opens to Lake Ontario, so the beach, Beachfront Park, Millennium Square and the Waterfront Trail are all part of daily life here, along with the yacht club, the canoe club and Petticoat Creek Conservation Area just to the west. Eight parks sit inside the neighbourhood itself. Inside, the work is already done. Brand new bathrooms. Brand new flooring throughout. A brand new staircase. A fully renovated kitchen. New front steps. Three bedrooms up with a four piece bath, a two piece on the main, and a partially finished lower level that walks out to the backyard and offers genuine in law suite potential. Built in garage plus a private drive, two cars in total, and a fenced yard off the kitchen. Families are covered. Frenchman's Bay, Fairport Beach and Rosebank Road public schools are all close by, along with Father Fenelon Catholic, and Dunbarton High School serves the area. Errands are easy. The plaza at Whites Road handles groceries and the everyday, and Pickering Town Centre is a few minutes east for everything else. Whites Road puts you on Highway 401 in minutes and Pickering GO takes you downtown without the drive. A quiet, established street with the complex playground directly across from the front door. Nothing to do but move in.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,521/mo
Mortgage $2,416
Monthly Loss $2,885
Principal$636
Interest$1,780
Property Tax$307
Condo Fees$598
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.4%1
5-Year IRR
9.2%30
10-Year IRR
10.1%
Returns Index
16.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,980/yr
NOI
$18,222/yr
Net Cash Flow
-$898/mo
Cash Margin
-30.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
23.5/ 100

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

Comparables

Properties near 765 Oklahoma Drive 5

Time

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