101- 3290 New Street, Burlington
Burlington
$899,000
Cash flow, cap rate & mortgage breakdown
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Listed by Engel & Volkers Oakville
Investment Analysis
Key Facts
Type
Other
Bedrooms
2
Bathrooms
2
Days on Market
58
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
First Class Retirement living opportunity in sought-after Maranatha Gardens in a desirable 55+ Community near downtown Burlington.This bright 2 bed and 2 bath MAIN FLOOR CORNER UNIT showcasing 1296 sq ft has a private oversized balcony featuring side views of the park area boasting tons of natural light throughout the unit giving you a feeling of peace and tranquility. Spacious open-concept layout, high ceilings, crown moulding w/smooth ceilings, pot-lights, white kitchen w/ stainless steel appliances, dedicated laundry room w/oversized foyer closet. The building is wheelchair accessible and features excellent amenities including workshop, lounge, fitness and party rooms, terrace, underground parking and lockers. Conveniently located close to shopping, dining, and all downtown amenities south Burlington has to offer! **TAXES INCLUDED IN MONTHLY FEES** No condo information due to Life Lease. Follow Your Dream, Home.
MississaugaInvestor.ca
101- 3290 New Street
Other · 2bd/2ba · ~1,300 sqft
$899,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.11%
Monthly Cash Flow
-$4,059/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-24.69%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$4,138 |
| Property Tax | −$697 |
| Insurance | −$225 |
| Condo Fee | −$1,564 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$4,059/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$8,361 |
| Insurance | −$2,700 |
| Condo Fee | −$18,768 |
| Annual NOI | $951 |
| Cap Rate | 0.11% |
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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