
#115- 1284 Guelph Line, Burlington
Burlington
$400,000
Cash flow, cap rate & mortgage breakdown
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Listed by SAM MCDADI REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
32
Price Drop
11%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated open-concept condo, where modern style and everyday comfort come together seamlessly. Freshly painted in today's designer-inspired color palette and featuring impressive 11-foot ceilings, this bright and spacious suite offers an inviting atmosphere throughout. The open-concept living, dining, and kitchen areas showcase stylish laminate flooring, creating a seamless flow ideal for both entertaining and daily living. The contemporary kitchen is a chef's delight, featuring granite countertops, a striking backsplash, centre island, and stainless steel appliances. Enjoy tranquil courtyard views from the living area featuring an electric fireplace, where sliding glass doors lead to a private patio, perfect for morning coffee, relaxing outdoors, or hosting guests. A versatile den provides the ideal space for a home office, study, or reading nook, while convenient in-suite laundry adds practicality and convenience. The spacious primary bedroom serves as a peaceful retreat, offering cozy carpeting, generous closet space, and a large window that fills the room with natural light. Ideally located in a highly sought-after neighbourhood, this condo is just minutes from trendy downtown Burlington and offers easy access to shopping, restaurants, schools, public transit, major highways, parks, and all the amenities you need. An exceptional opportunity for first-time buyers, downsizers, or investors seeking a stylish, move-in-ready home in a prime location.
MississaugaInvestor.ca
#115- 1284 Guelph Line
Condo Apartment · 2bd/1ba · ~650 sqft
$400,000
Cash-Flow Report · August 3, 2026
Cap Rate
2.48%
Monthly Cash Flow
-$1,015/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-13.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$1,841 |
| Property Tax | −$310 |
| Insurance | −$225 |
| Condo Fee | −$586 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$1,015/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$3,720 |
| Insurance | −$2,700 |
| Condo Fee | −$7,032 |
| Annual NOI | $9,918 |
| Cap Rate | 2.48% |
Cash Required to Close
| Down Payment (20%) | $80,000 |
| Ontario Land Transfer Tax | $4,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,475 |
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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