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Investment signal

$1,100,000

1540 MARSHCOURT DRIVE

Beds

Baths

4.1

Sqft

—

Year

—

Location

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About this home

Welcome to this beautifully upgraded home offering style, functionality, and income potential in a prime location. The renovated main and upper levels feature laminate flooring, pot lights, and kitchen complete with stainless steel appliances, new cabinetry, and a sleek backsplash. A new powder room vanity and fully renovated primary ensuite add to the home's contemporary appeal. Major improvements-including a 200 AMP electrical panel and all new water piping-provide long-term peace of mind. The recently renovated, 1 bedroom finished legal basement apartment with a separate entrance offers excellent flexibility: live upstairs while generating rental income, or comfortably accommodate in-laws or multi-generational family with separate kitchens and private space. Ideally situated near Pickering Town Centre with convenient access to shopping, dining, parks, schools, public transit, Pickering GO Station, and Highway 401, this move-in-ready home combines modern living with unbeatable convenience. (id:65958)

Subtype: Single Family
Structure: House
Community: Village East
Common interest: Freehold
Lot dimensions: 35.7 x 100.1 FT
Bedrooms: 3 above grade, 1 below grade
Parking: 6 total
Stories: 2
Fireplace: 1
On market: Apr 15, 2026
Status changed: Apr 15, 2026
Annual tax: $5,887
Photos: 28
MLS#: E12999216
Area: PICKERING_(VILLAGE_EAST)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedApartment in basementSeparate entranceWalk outN/AN/AN/A

Appliances

WasherDishwasherDryerMicrowaveTwo stovesTwo Refrigerators

Heating

Forced airWood

Cooling

Central air conditioning

Exterior

Brick

Foundation

Concrete

Utilities

SewerElectricityCable

Security

Smoke Detectors

Negative cash flow ~$2,133/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.63%

Cap rate

3.56%

GRM

16.7

Break-even rent

$7,745

Financing

Down payment$220,000

Loan amount$880,000

Mortgage$5,399/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$504

Insurance$80

Maintenance$917

CapEx reserve$458

Vacancy loss$275

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Pickering (Village East). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $5,399/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.