
339 Smith Avenue, Burlington
Burlington
$2,189,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
42
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 339 Smith Avenue, an exceptional residence on one of downtown Burlington's coveted tree-lined streets. Surrounded by character homes and just steps from the lake, parks, schools, bike path, and downtown amenities, this property offers over 3,000 square feet of finished living space. A solid mahogany front door opens to a bright interior where natural light pours through oversized windows. The custom kitchen with Miele built-in appliances overlooks the family room with floor-to-ceiling windows, a gas fireplace, and built-in cabinetry. The formal dining room is anchored by an open-faced gas fireplace and windows overlooking mature gardens. Upstairs, the primary suite features built-ins, a window bench, generous closet space, and an ensuite with an oversized tub, glass shower with rain head and body sprays, and heated floors. Three additional bedrooms offer natural light. One bedroom has ensuite privilege to the 3-piece bathroom, and there is bedroom-level laundry. The finished lower level includes radiant heated floors, a seating area with queen Murphy bed, wet bar, and family room. Large cascading windows create a bright lower level. This space also includes a 3-piece bathroom, cedar closet, mudroom, and walk-up access to the attached garage. Outside, the 60 x 186 ft lot offers privacy and resort-style living. Flagstone and exposed aggregate hardscaping, mature trees, gardens, irrigation, and lighting create a strong outdoor setting. The backyard features a heated saltwater gunite pool with salt chlorinator, acid dosing system, and hot tub, ideal for entertaining. A rare opportunity in one of Burlington's most sought-after neighbourhoods, where character, craftsmanship, and modern living meet
MississaugaInvestor.ca
339 Smith Avenue
Detached · 4bd/4ba · ~2,250 sqft
$2,189,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.52%
Monthly Cash Flow
-$9,120/mo
Estimated Rent
$4,950/mo
Cash-on-Cash
-22.71%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,950 |
| Mortgage | −$10,076 |
| Property Tax | −$1,697 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,824 |
| Vacancy (5%) | −$248 |
| Cash Flow | -$9,120/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$59,400 |
| Vacancy (5%) | −$2,970 |
| Property Tax | −$20,358 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$21,890 |
| Annual NOI | $11,482 |
| Cap Rate | 0.52% |
Cash Required to Close
| Down Payment (20%) | $437,800 |
| Ontario Land Transfer Tax | $41,200 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $482,000 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.