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Listed 1 month ago

1126 Baltic Lane

Rural Pickering, Pickering

$879,000

Freehold Townhouse|2-Storey
3 | 2 | 3
About this home

Stunning 4-year-new (2022-built) live-work townhouse in a family-friendly Pickering neighbourhood, featuring a rare ground-floor commercial unit. Offering a total of 2,092 sq. ft., including 1,374 sq. ft. of residential space and 718 sq. ft. of commercial area. Zoned MCC, providing excellent flexibility for a wide range of permitted commercial uses.The residential portion features a separate private entrance and is located on the second level. Bright and open-concept layout with combined living and dining areas and a walkout to a large balcony. Includes an eat-in kitchen, convenient laundry room, 3 spacious bedrooms, a 3-piece ensuite, and a 3-piece main bath. Features include 9-ft ceilings, fireplace, and a combination of broadloom and ceramic/porcelain flooring. The primary and second bedrooms overlook a tranquil ravine.The ground-floor commercial unit offers excellent exposure and visibility and is currently leased to a spa, generating steady rental income. The space includes a powder room and is ideal for retail, office, or medical use.Conveniently located near Hwy 401 & 407, GO Station, public transit, schools, parks, and shopping. Bonus: owned hot water tank-no rental fees.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeAtt/Row/Townhouse
Style2-Storey
Approx. Age0-5
Size2000-2500 sq. ft.
Property Tax$7,330
Lot Size19.69 ft x 99.76 ft
mls© NumberE13509098
Listed ByHOMELIFE LANDMARK REALTY INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,499
Property tax
$611
Heat allowance
$150
Housing costs
$5,260 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $175,800
25-yr amortization

Income needed

$162,000

gross annual household income

Payment at 4%
$3,699 / mo
Cash down
$175,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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