802- 370 Martha Street, Burlington
Burlington
$899,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX PROFESSIONALS INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
193
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Nautique Condos! This new unit on the 8th Floor has 2 Beds and 2 Baths. The Nautique is by the Lakefront in downtown Burlington. Fantastic waterfront views. Modern Finishes, Stainless Steel Appliances, centre island, Laminate Floors & En-Suite laundry. 1 Parking & 1 Locker. Excellent Building amenities. This neighborhood has lots to do, close to QEW, close to restaurants and Parks. Mapleview Mall is a short drive away. Near the GO Station, near IKEA. Downtown Hamilton is a short drive away, many lakeside parks near by.
MississaugaInvestor.ca
802- 370 Martha Street
Condo Apartment · 2bd/2ba · ~850 sqft
$899,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.04%
Monthly Cash Flow
-$3,360/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-20.44%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$4,138 |
| Property Tax | −$697 |
| Insurance | −$225 |
| Condo Fee | −$770 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$3,360/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$8,361 |
| Insurance | −$2,700 |
| Condo Fee | −$9,240 |
| Annual NOI | $9,339 |
| Cap Rate | 1.04% |
Cash Required to Close
| Down Payment (20%) | $179,800 |
| Ontario Land Transfer Tax | $14,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,255 |
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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