
302- 5020 Corporate Drive, Burlington
Burlington
$470,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
99
Price Drop
1%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this gorgeous unit in North Burlington's vibrant Vibe Condominiums. This impressive space offers high ceilings, The heart of this home is a sleek, modern kitchen featuring plenty of storage, newly painted cupboards and new countertops. The unit boasts fresh paint, new flooring and trim throughout along with updated lighting and hardware. The spacious bedroom offers a generous space while the den is perfect as a guest space, office, reading area or any other configuration you desire! The private balcony is rich with sunlight and offers the perfect place to relax. Vibe Condominiums offers an array of unbeatable amenities, including a rooftop terrace with stunning views, dining area and bbq's, a party room for hosting lively gatherings that require more space, and a gym for all your fitness needs. Movie nights will never be the same with the fabulous movie room you'll have at your disposal. Enjoy Millcroft Shopping Centre nearby - you'll find all you'll need and after the shopping chores are done for the day just scoot over to the many parks, get lost on the many walking trails and everything else this sought after pocket is known for. Highway access is only a few minutes away along with Go Train access - downtown Toronto is never far away.
MississaugaInvestor.ca
302- 5020 Corporate Drive
Condo Apartment · 2bd/1ba · ~550 sqft
$470,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.58%
Monthly Cash Flow
-$1,152/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-13.44%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,163 |
| Property Tax | −$364 |
| Insurance | −$225 |
| Condo Fee | −$442 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,152/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$4,371 |
| Insurance | −$2,700 |
| Condo Fee | −$5,304 |
| Annual NOI | $12,135 |
| Cap Rate | 2.58% |
Cash Required to Close
| Down Payment (20%) | $94,000 |
| Ontario Land Transfer Tax | $5,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $102,875 |
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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