
606- 442 Maple Ave. Avenue, Burlington
Burlington
$1,249,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ABOUTOWNE REALTY CORP.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
64
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Spencer's Landing. This 2 bedroom plus den/2 full bathroom almost 1400 square feet has been completely, professionally renovated with the finest finishes. South and east facing with views of the lake. Custom kitchen by The Wright Kitchen with sleek quartz countertops, all new high end appliances, stylish tiled backsplash, pot lights and Coretec wideplank flooring throughout. Both baths renovated: new cabinets, high end lighting, custom tile work and top of the line faucets. Professionally painted with all new door hardware. ew premium quality lighting installed throughout. In suite laundry. All this adds up to "A picture to Behold". One parking spot and one locker. Pet friendly building allows one dog or two cats. Resort like amenities include: indoor swimming pool and hot tub, steam room, party room/lounge/billards room, gym, barbeque area, concierge, guest suites, plenty of visitor parking. All inclusive Condo fees include: heat, hydro, water, cable, high speed Bell Fibe internet. Just steps to the shops and incredible food scene in downtown Burlington, Performing Arts Centre, Art Gallery of Burlington, Joe Brant Hospital, lakefront trails and Spencer Smith park. Its like being in a luxurious hotel.
MississaugaInvestor.ca
606- 442 Maple Ave. Avenue
Condo Apartment · 2bd/2ba · ~1,300 sqft
$1,249,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.17%
Monthly Cash Flow
-$5,576/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-24.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$5,753 |
| Property Tax | −$969 |
| Insurance | −$225 |
| Condo Fee | −$1,431 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$5,576/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$11,624 |
| Insurance | −$2,700 |
| Condo Fee | −$17,172 |
| Annual NOI | $2,134 |
| Cap Rate | 0.17% |
Cash Required to Close
| Down Payment (20%) | $249,980 |
| Ontario Land Transfer Tax | $21,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $274,453 |
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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