
402- 216C Plains Road West Road, Burlington
Burlington
$679,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
33
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Estimated from market price-to-rent ratios
Remarks
Ready for Quick Possession! 2 PARKING SPACES, DOUBLE SIZED LOCKER, CORNER SUITE, views of green space and located off the busy roads. This unit is flooded with natural light and offers a spacious floor plan with room for your imagination. One of the most serene and quiet locations in beautiful Oaklands Green. Enjoy all that Aldershot has to offer and come home to your calm retreat. With over 1,300 sq. ft., it feels open without being overwhelming. Excellent for entertaining! Large windows bring in plenty of natural light, and the living and dining areas flow easily together, great for everyday living or having people over without feeling tight on space. Or use the common area with large screen TV, kitchen, lounge and meeting space. This unit's kitchen is practical and bright, with granite countertops, good storage, and a pass-through that keeps things connected without being fully open. Or easy enough to renovate to suit your needs. The primary bedroom has what you actually want..enough room to unwind, a walk-in closet, and its own ensuite. The second bedroom and full bathroom give you flexibility for guests, an office, or both.The balcony faces southeast, so you get good light and a comfortable outdoor spot to use regularly, not just look at. A few details that make a difference: in-suite laundry, two parking spaces (including one right at the front door for quick in-and-out), and a double-sized storage locker. Fresh paint and new carpet mean you can move in and settle quickly.Make it your own with your added touches. This one is ready to move in. You're close to everything - LaSalle Park and marina, trails, shopping, highways, and the GO Train so getting around is easy. Simple, spacious, and low-maintenance living in a location that works.
MississaugaInvestor.ca
402- 216C Plains Road West Road
Condo Apartment · 2bd/2ba · ~1,300 sqft
$679,000
Cash-Flow Report · August 2, 2026
Cap Rate
1.14%
Monthly Cash Flow
-$2,478/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-19.98%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$3,125 |
| Property Tax | −$526 |
| Insurance | −$225 |
| Condo Fee | −$834 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$2,478/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$6,315 |
| Insurance | −$2,700 |
| Condo Fee | −$10,008 |
| Annual NOI | $7,767 |
| Cap Rate | 1.14% |
Cash Required to Close
| Down Payment (20%) | $135,800 |
| Ontario Land Transfer Tax | $10,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $148,855 |
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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