
3277 Folkway Drive, Burlington
Burlington
$1,389,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT GOLFI REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
58
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Close to 3,800 sq ft of finished living space, this beautifully maintained Headon Forest 2-storey offers exceptional flexibility with 4 Bedrooms + Den above grade, including a second-level den that can easily be converted back to a 5th upstairs Bedroom, plus a 6th Bedroom, 4th Bathroom, and full second kitchen in the finished lower level. Set on a landscaped 63' x 100' lot with parking for 5 vehicles, the home is ideal for large families, multigenerational living, extended family, or guests. The carpet-free main floor features a bright, functional layout with a tiled foyer, formal living and dining rooms, and a cozy family room with wood-burning fireplace and walkout to the backyard. The spacious eat-in kitchen connects to the breakfast area and offers a second walkout to the large deck and gazebo, creating an easy flow for entertaining or quiet outdoor evenings. Inside garage access leads to the main floor laundry room with an additional side entrance. Upstairs, the oversized primary retreat includes dual walk-in closets and a spacious 5-piece ensuite, with 3 additional Bedrooms, the flexible den, and a full bathroom completing the second level. The finished lower level adds excellent versatility with a large rec room, gas fireplace, full second kitchen, bar area, additional Bedroom, 4-piece Bathroom, and cold storage. Additional updates and features include new garage doors, updated main floor windows, Telus security system, and newer A/C unit in 2023. All set in one of Burlington's most family-friendly communities, close to parks, schools, shopping, restaurants, and highway access.
MississaugaInvestor.ca
3277 Folkway Drive
Detached · 5bd/4ba · ~2,750 sqft
$1,389,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.26%
Monthly Cash Flow
-$3,775/mo
Estimated Rent
$5,345/mo
Cash-on-Cash
-14.85%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,345 |
| Mortgage | −$6,393 |
| Property Tax | −$1,077 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,158 |
| Vacancy (5%) | −$267 |
| Cash Flow | -$3,775/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$64,140 |
| Vacancy (5%) | −$3,207 |
| Property Tax | −$12,918 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,890 |
| Annual NOI | $31,425 |
| Cap Rate | 2.26% |
Cash Required to Close
| Down Payment (20%) | $277,800 |
| Ontario Land Transfer Tax | $24,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $305,055 |
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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