1880 Valley Farm Road 723, Pickering

$515,000
1880 Valley Farm Road 723

$515,000

New
4d
Condo ApartmentApartment

1880 Valley Farm Road 723, Pickering

Total Monthly Obligation $3,436

Bed+Den
2+1
Baths
1
Park
1
Sqft
900-999
DOM
4d
Score
18
Yield
6.4%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-E14092244
Bed+Den-2+1
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,764.2 (2025)
Maintenance-$844.81/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-Town Centre
Title-Residential Condo & Other

No agent assigned

Your search is over! Welcome to Discovery Place II, where spacious living, comfort and convenience come together in this beautifully maintained, move-in-ready suite - just in time for the holidays! Offering 909 sq. ft. of thoughtfully designed living space, this inviting residence is filled with natural light and features quality laminate flooring and tasteful neutral décor throughout. The beautifully appointed kitchen showcases quartz countertops, warm wood cabinetry, a mosaic tile backsplash, double stainless steel sink and convenient access to a combined laundry/pantry room. The bright, generously sized living room provides wonderful flexibility, while the west-facing den/solarium is an ideal home office or sun-filled retreat for plant lovers. The oversized primary bedroom easily accommodates larger furnishings and features a spacious walk-in closet. A beautifully renovated bathroom impresses with a sleek glass-enclosed shower and stylish quartz-topped vanity. The substantial separate dining room, currently enjoyed as a cozy reading lounge, easily accommodates a full dining suite and offers the versatility of a potential second bedroom. Enjoy resort-style living at its finest: amenities include incredible landscaped gardens, inviting patios and BBQ areas, indoor and outdoor pools, tennis/pickleball courts, fitness centre, billiards, library, party room, theatre room, guest suites and 24-hour gatehouse security. A welcoming community atmosphere and attentive property management add to the appeal. Maintenance fees include heat, hydro, water, internet and cable! This suite also comes with a highly desirable storage locker and conveniently located parking space. Ideally situated within walking distance of Pickering Town Centre, with easy access to Pickering GO Station and Highway 401. An exceptional opportunity to enjoy generous living space, outstanding amenities and effortless condominium living in a prime Pickering location!

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

Closing Costs

Mortgage Amount
$412,000
Land Transfer Taxes$6,775
Legal Fees (Est.)
$
Total cash required for closing$111,275

Total Monthly Obligation

$3,436/mo
Mortgage $2,077
Monthly Loss $2,889
Principal$547
Interest$1,531
Property Tax$314
Condo Fees$845
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.7%21
10-Year IRR
9.0%
Returns Index
11.8/ 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
$32,856/yr
NOI
$13,268/yr
Net Cash Flow
-$972/mo
Cash Margin
-35.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.2/ 100

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

Comparables

Properties near 1880 Valley Farm Road 723

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.