
976 Lasalle Park Road, Burlington
Burlington
$1,249,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ABOUTOWNE REALTY CORP.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
24
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,600/mo
Estimated from market price-to-rent ratios
Remarks
Tucked on an oversized corner lot steps from LaSalle Park and Marina, this circa-1920 character home blends original charm with everyday livability. Three bedrooms plus a versatile loft/attic are spread across two storeys and a finished basement - room to spread out, work from home, or host guests. A 4-piece and 2-piece bath keep mornings moving.The living room's original fireplace (gas-fitted, insert-ready) anchors the main floor, with recently replaced windows, wide plant-ready ledges, and smooth engineered hickory flooring throughout. A stained glass window in the dining room, along with original doors, trim, and casings, preserves the home's character.The open-concept kitchen and dining room have farmhouse charm: sage green cabinetry with gold pulls, quartz counters, a granite composite sink, and coordinated island/table lighting. Step out to a deck with pergola and shade sail - ideal for morning coffee or evening entertaining. Two gates lead to a fully fenced yard, with access from both LaSalle Park Road and Fairwood Place, plus a separate side door reaching the basement and main floor.Upstairs, refinished oak flooring leads to 3 bedrooms, a 4-piece bath, and a finished attic/loft with storage and a new heat pump - perfect for a home office, studio, or guest space. The finished lower level offers a playroom, storage, a 2-piece bath, and a combined laundry/furnace room. Carpet-free throughout. Total living space: 1,910 sq ft.Location is the showstopper: a short stroll to LaSalle Park, the marina, and the lake, in one of Burlington's most established neighbourhoods. Minutes to Aldershot GO and Hwy 403, with the Royal Botanical Gardens, Spencer Smith Park, and Mapleview Mall nearby. Wine country and Niagara Falls make for an easy day trip.
MississaugaInvestor.ca
976 Lasalle Park Road
Detached · 3bd/2ba · ~1,750 sqft
$1,249,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.14%
Monthly Cash Flow
-$4,563/mo
Estimated Rent
$3,600/mo
Cash-on-Cash
-19.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,600 |
| Mortgage | −$5,749 |
| Property Tax | −$968 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,041 |
| Vacancy (5%) | −$180 |
| Cash Flow | -$4,563/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,200 |
| Vacancy (5%) | −$2,160 |
| Property Tax | −$11,616 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$12,490 |
| Annual NOI | $14,234 |
| Cap Rate | 1.14% |
Cash Required to Close
| Down Payment (20%) | $249,800 |
| Ontario Land Transfer Tax | $21,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $274,255 |
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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