
304- 340 Plains Road, Burlington
Burlington
$490,000
Cash flow, cap rate & mortgage breakdown
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Listed by NEW WORLD 2000 REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
39
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 340 Plains Road unit 304 a lovingly care for and elegantly styled open concept studio unit boasting over 700 sq ft. Here you will find an oversized kitchen with large island (includes upgraded lighting) and stone countertops accompanied by upgraded cabinetry with plenty of storage space. Included also are quality stainless-steel appliances that have been well cared for. Perfectly sized family room with beautiful views of the outdoors through the sliding glass doors & balcony. Master bedroom provided large window and double door closet. Main 4pc bath included tub and shower with glass door along with upgraded cabinetry. Enjoy the den as an office, nursery, cozy reading space or dressing/fitting room. This complete unit is finished with luxury vinyl plank flooring along with neutral decor throughout. Included also with this unit is a preferred parking spot located right across from the elevator and stairs for convenience and well as security camera view and away from the busier center of the parking garage. Building amenities include electric car charging stations, bike storage, party & meeting room, fitness centre, rooftop patio with bbq and plenty of visitor parking. Conveniently located close to Aldershot Go station, shopping, Golf course, water front parks and trails.
MississaugaInvestor.ca
304- 340 Plains Road
Condo Apartment · 1bd/1ba · ~750 sqft
$490,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.14%
Monthly Cash Flow
-$1,790/mo
Estimated Rent
$1,800/mo
Cash-on-Cash
-20.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,800 |
| Mortgage | −$2,255 |
| Property Tax | −$380 |
| Insurance | −$225 |
| Condo Fee | −$640 |
| Vacancy (5%) | −$90 |
| Cash Flow | -$1,790/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,600 |
| Vacancy (5%) | −$1,080 |
| Property Tax | −$4,557 |
| Insurance | −$2,700 |
| Condo Fee | −$7,680 |
| Annual NOI | $5,583 |
| Cap Rate | 1.14% |
Cash Required to Close
| Down Payment (20%) | $98,000 |
| Ontario Land Transfer Tax | $6,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,275 |
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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