1007- 500 Brock Avenue, Burlington
Burlington
$799,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXPERTS
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
158
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Estimated from market price-to-rent ratios
Remarks
Spacious high-floor 2-bedroom condo offering approximately 1,030 sq ft of bright, open-concept living just moments from Lake Ontario in Burlington. Soaring 9-ft ceilings and expansive windows flood the suite with natural light and enhance the elevated views. The functional layout features generous principal rooms, a well-appointed kitchen with ample storage, and excellent bedroom separation. The primary retreat offers substantial closet space and private ensuite convenience. Residents enjoy exceptional building amenities, creating a true resort-style experience, all steps to the waterfront, parks, trails, dining, and vibrant downtown conveniences.
MississaugaInvestor.ca
1007- 500 Brock Avenue
Condo Apartment · 2bd/2ba · ~1,100 sqft
$799,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.85%
Monthly Cash Flow
-$3,111/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-21.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$3,678 |
| Property Tax | −$619 |
| Insurance | −$225 |
| Condo Fee | −$964 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$3,111/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$7,431 |
| Insurance | −$2,700 |
| Condo Fee | −$11,568 |
| Annual NOI | $6,801 |
| Cap Rate | 0.85% |
Cash Required to Close
| Down Payment (20%) | $159,800 |
| Ontario Land Transfer Tax | $12,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,255 |
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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