
938 King Road, Burlington
Burlington
$959,000
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Real Estate Services Ltd., Brokerage
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
199
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,300/mo
Estimated from market price-to-rent ratios
Remarks
Nestled on a beautiful 60X175ft lot, this property offers endless possibilities-build your dream home, renovate, expand with an addition or simply move right in. This delightful bungalow combines space, privacy, and versatility in a coveted Aldershot location. A detached garage and extended driveway with parking for 6+ vehicles make it an excellent fit for families, hobbyists, or anyone in need of extra storage or workspace. Step outside and enjoy a lush, private yard adorned with mature trees, a potting shed, and an interlock patio-a perfect backdrop for entertaining, gardening, or simply relaxing in nature. Inside, the home offers an inviting open-concept kitchen and living area, highlighted by a center island, stainless steel appliances, and hardwood floors that flow throughout most of the main level. A warm, welcoming space ideal for both everyday living and hosting guests. The separate dining room features elegant built-in cabinetry and offers flexibility as a potential third bedroom, home office, or nursery. Two additional bedrooms include free-standing wardrobes and closets, while a 4-piece main bathroom completes this level. The partially finished lower level expands your living space with a spacious rec. room, 2-piece bath, laundry area, storage, and a workshop-perfect for hobbies or future customization. Whether you're a first-time buyer, down-sizer, or investor, offers exceptional potential to renovate or build new. Minutes from parks, schools, shopping, and transit in one of Aldershots most sought-after neighborhoods.
MississaugaInvestor.ca
938 King Road
Detached · 3bd/2ba · ~900 sqft
$959,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.71%
Monthly Cash Flow
-$3,046/mo
Estimated Rent
$3,300/mo
Cash-on-Cash
-17.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,300 |
| Mortgage | −$4,414 |
| Property Tax | −$743 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$799 |
| Vacancy (5%) | −$165 |
| Cash Flow | -$3,046/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,600 |
| Vacancy (5%) | −$1,980 |
| Property Tax | −$8,919 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,590 |
| Annual NOI | $16,411 |
| Cap Rate | 1.71% |
Cash Required to Close
| Down Payment (20%) | $191,800 |
| Ontario Land Transfer Tax | $15,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $210,455 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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