507 Alder Court, Pickering

$869,000
507 Alder Court

$869,000

New
3d
Detached2-Storey

507 Alder Court, Pickering

Total Monthly Obligation $4,420

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
3d
Score
18
Yield
4.9%
Cash on Cash
-3.5%
Cap Rate
3.8%
5Y IRR
12.8%
10Y IRR
12.4%
Property Type-Detached
MLS® Number-E14100460
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-31.23 × 120.08 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$6,480 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Family Room
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Brick, Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Amberlea
Title-Residential Freehold

No agent assigned

Welcome to 507 Alder Court, a 3+2 bedroom, 3-bathroom detached home on a quiet court in Amberlea, with a bathroom on every level.The showpiece is the fully renovated 2022 kitchen. Navy cabinetry with crown moulding is set against quartz counters and a marble mosaic backsplash. Waterfall peninsula with breakfast-bar seating anchors the room, and under-cabinet and pot lighting finish it off. Stainless steel appliances feature a double-oven range and built-in microwave drawer. Just off the kitchen, a den works as a home office or large walk-in pantry. French doors lead from the dining area to a 19' x 19' family room with a fireplace and walkouts to the backyard and side yard. The main floor also has hardwood, a powder room and inside garage entry. Upstairs are three bedrooms and semi-ensuite 4 piece bath. Finished basement is a true second living space, with a bedroom, 3-piece bath and a 19' x 19' rec room with new carpet (2025). Outside are a widened driveway and concrete-pad shed in the backyard. The roof and eavestroughs were replaced in 2021.Daily errands are easy: Amberlea Shopping Centre - Metro, Rexall, TD Bank, Dollarama, Pizza Pizza, Nail Salon, Restaurants - is 450 m away. About a 7-minute walk. Schools, parks and transit are nearby. Minutes to Highway 401.

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

Mortgage Amount
$695,200
Land Transfer Taxes$13,855
Legal Fees (Est.)
$
Total cash required for closing$189,155

Total Monthly Obligation

$4,420/mo
Mortgage $3,505
Monthly Loss $3,498
Principal$922
Interest$2,583
Property Tax$540
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.4%31
10-Year IRR
10.1%
Returns Index
16.8/ 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
$42,480/yr
NOI
$27,252/yr
Net Cash Flow
-$1,234/mo
Cash Margin
-34.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
20.2/ 100

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

Comparables

Properties near 507 Alder Court

Time

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