402-1525 Diefenbaker Court, Pickering, ON

Town Centre, Pickering · MLS® E12992496

$509,000
For Sale
Listed 95 days ago
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3Bedrooms
2Bathrooms
1Parking
1000-1199Sq Ft

About this home

Spacious and well maintained 3 bedrooms, 2 bathrooms unit offering 1,118 sqft of comfortable living space with desirable west exposure. Bright and open concept layout filled with natural light, ideal for both everyday living and entertaining. Rarely offered size with exceptionally low maintenance fees for a unit of this scale. Conveniently located close to transit, shopping, schools, parks, and all essential amenities, making it a perfect choice for families, downsizers, or investors.

Key facts

Property type
Condo Apartment, Apartment
MLS®
E12992496
Bedrooms
3
Bathrooms
2
Size
1000-1199
Cross streets
KingstonRd / BrockRd
Parking
1 parking
Basement
None
Heating
Heat Pump
A/C
Wall Unit(s)
Exterior
Brick
Maintenance
$504/mo
Exposure
West
Property tax
$3,079 / 2025
Days on market
95
Listing brokerage
KW Living Realty

Rooms

KitchenFlat2.50 × 2.36 m

tile floor · backsplash · pot lights

Bedroom 3Flat4.02 × 2.55 m

laminate · w/o to balcony · closet

Bedroom 2Flat4.02 × 2.66 m

laminate · large window · closet

Living RoomFlat9.23 × 3.59 m

combined w/dining · laminate · w/o to balcony

Primary BedroomFlat4.62 × 3.15 m

laminate · 4 pc ensuite · his and hers closets

Dining RoomFlat9.23 × 3.59 m

combined w/living · laminate · open concept

Moe’s TakeTeam Asgarian · Broker
In line
$475Kest. value

Listed at $509,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.

Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $436K, a close match.

How I got there

Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.

  • Closest comparable, listed at $399K
  • Adjusts to $399K

That comparable adjusts to $399K; the $475K estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.

On location, this is a very walkable address with everyday errands close by. Westbound @ 1538 Pickering Parkway is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$413KGreat deal$510KOverpriced

Total price vs nearby homes. Fair value about $475K, median of 5 comparables.

What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.

  • Open-concept layout: modern, sought-after flow.
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
  • Lifestyle
  • Value driver
Comparable listingsCurrently listed nearby in Town Centre · asking prices
$485kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

601-1530 Pickering Parkway$510k609-1540 Pickering Parkway$475k206-1530 Pickering Parkway$500k501-1200 The Esplanade$539k109-1535 Diefenbaker Court$399k

The 5 closest of 7 active listings nearby.

See all comparable homes
509kThis home510k475k500k539k399kThis home vs active comparables
Live market pulseActive comparables in Town Centre · median list $510K
$463this home / sqft
10active listings nearby
95days on market

This home lists 10% below the area average of $513/sqft.

54 days longer than the Pickering average (41 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Town Centre, Pickering, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

78/ 100

Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Most daily errands can be done on foot.

🚉 Nearest transit: Westbound @ 1538 Pickering Parkway, about 187 m away

20+ transit stops7 grocery20+ dining12 parks13 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Village East
$480K
Bay Ridges
$491K

Typical asking price of active listings of the same type, per area (outliers removed). Pickering.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$2,320/mo
$110KIncome needed
4.6×Price ÷ income
$535Weekly cost
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

75%mortgage
Mortgage $2,320Property tax $257Condo fee $504Total carry $3,081

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,173per month

Mortgage amount $407,200 · 4.14% over 25 years

$101,800Down payment (20.0%)
$407,200Loan before insurance
$0CMHC premium
$2,934Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,173
Property tax
$257
Condo / maintenance fees
$504
Heating
$0
Estimated monthly cost
$2,934

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$6,655
Estimated closing costs
$6,655

Plus your down payment of $101,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,639/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$244,691Total interest paid
$651,891Total of all payments
Principal $407,200 Interest $244,691
YearPrincipalInterestBalance
1$9,539$16,536$397,661
2$9,938$16,137$387,722
3$10,354$15,722$377,368
4$10,787$15,289$366,581
5$11,238$14,837$355,343
6$11,708$14,367$343,635
7$12,198$13,878$331,436
8$12,708$13,367$318,728
9$13,240$12,836$305,488
10$13,794$12,282$291,694
11$14,371$11,705$277,324
12$14,972$11,104$262,352
13$15,598$10,478$246,754
14$16,251$9,825$230,503
15$16,930$9,145$213,573
16$17,638$8,437$195,935
17$18,376$7,699$177,558
18$19,145$6,931$158,414
19$19,946$6,130$138,468
20$20,780$5,296$117,688
21$21,649$4,427$96,039
22$22,555$3,521$73,484
23$23,498$2,578$49,986
24$24,481$1,595$25,505
25$25,505$571$0

At the end of your 5-year term

Total paid over the term
$130,378
Principal paid down
$51,857
Interest paid
$78,521
Balance remaining
$355,343

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$3,400/mo
$40,800Gross annual rent
5.2%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

8.0%
Gross yield
− Property tax $3,079− Condo fees $6,054− Insurance $600− Vacancy & upkeep $4,488Net operating income $26,579

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KW Living Realty. MLS®/PropTx.

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