1761 Rex Heath Drive, Pickering

$579,000
1761 Rex Heath Drive

$579,000

New
8d
Condo TownhouseMulti-Level

1761 Rex Heath Drive, Pickering

Total Monthly Obligation $3,290

HausQ Valuation Report
Beds
2
Baths
3
Park
1
Sqft
1000-1199
DOM
8d
Score
18
Yield
5.3%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.4%
Property Type-Condo Townhouse
MLS® Number-E14083778
Beds-2
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 15, 2026
Style-Multi-Level
Building Type-Condo Townhouse
Taxes-$4,854.36 (2026)
Maintenance-$350.15/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX COMMUNITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Duffin Heights
Title-Residential Condo & Other

No agent assigned

Welcome to modern urban living at 1761 Rex Heath Drive, located in the highly sought-after Duffin Heights community of Pickering. This exceptionally bright, turn-key townhome boasts a functional, open-concept floor plan designed for effortless everyday activities and entertaining. The sun-filled layout features a spacious Living area and an eat-in kitchen equipped with stainless steel appliances and a large island. Upstairs, the primary bedroom serves as a true private retreat, complete with its own dedicated ensuite bathroom. The second bedroom offers incredible versatility, custom-configured with a cozy sitting area and a spacious walk-in closet-an ideal setup for a dedicated home office or reading nook. For ultimate convenience, the laundry room is also located right on the upper level. This home features 2 parking spaces (an attached garage plus a private driveway) and sits just steps away from Creekside Park, the Pickering Golf Club, shopping, schools, and quick access to Highways401 & 407. Ideal for first-time buyers, down-sizers, and young professionals!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$463,200
Land Transfer Taxes$8,055
Legal Fees (Est.)
$
Total cash required for closing$125,355

Total Monthly Obligation

$3,290/mo
Mortgage $2,336
Monthly Loss $2,676
Principal$615
Interest$1,721
Property Tax$405
Condo Fees$350
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.2%24
10-Year IRR
9.3%
Returns Index
13.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$30,624/yr
NOI
$16,105/yr
Net Cash Flow
-$993/mo
Cash Margin
-38.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
24.3/ 100

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

Comparables

Properties near 1761 Rex Heath Drive

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.