
22- 2960 Headon Forest Drive, Burlington
Burlington
$799,999
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
2
Days on Market
48
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,250/mo
Estimated from market price-to-rent ratios
Remarks
Beautifully maintained 3+1 bedroom, 2 full bathroom townhome in Burlington's highly sought-after Headon Forest community. Offering over 1,800 sq. ft. of finished living space, this move-in ready home is perfect for first-time buyers, growing families, or downsizers seeking comfort, convenience, and value. The bright, functional main floor features hardwood flooring, a spacious open-concept living and dining area, and a well-appointed kitchen overlooking the heart of the home. Walk out to your private outdoor space, ideal for relaxing or entertaining. Upstairs you'll find three generous bedrooms with ample closet space and a 4-piece bathroom. The finished basement adds valuable living space with a large rec room, full bathroom, laundry area, and an additional room perfect for a home office, gym, guest room, or playroom. Enjoy the convenience of a single-car garage with interior access and exceptionally LOW CONDO FEES of only $250 per month. Recent updates include Furnace (2024), Air Conditioner (2024), Owned Hot Water Tank (2024), Fridge (2026), Microwave (2026), Washer (2026), and Dryer (2026), providing peace of mind for years to come. Private Backyard backing onto Green Space. Ideally located close to parks, walking trails, shopping, restaurants, transit, major highways, and excellent schools, including Florence Meares Public School. This is an incredible opportunity to own a stylish, move-in ready home in one of Burlington's most desirable family-friendly neighbourhoods.
MississaugaInvestor.ca
22- 2960 Headon Forest Drive
Condo Townhouse · 4bd/2ba · ~1,300 sqft
$799,999
Cash-Flow Report · August 2, 2026
Cap Rate
2.99%
Monthly Cash Flow
-$1,690/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-11.56%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$3,682 |
| Property Tax | −$620 |
| Insurance | −$225 |
| Condo Fee | −$250 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,690/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$7,440 |
| Insurance | −$2,700 |
| Condo Fee | −$3,000 |
| Annual NOI | $23,910 |
| Cap Rate | 2.99% |
Cash Required to Close
| Down Payment (20%) | $159,999.8 |
| Ontario Land Transfer Tax | $12,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,474.8 |
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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