
296 Tuck Drive, Burlington
Burlington
$2,749,900
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Real Estate Services Ltd., Brokerage
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
6
Days on Market
22
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome Home! Stunning Custom Build on Corner Lot in the Heart of South Burlington offering Elegant Luxury Living. Step inside to a Grand 2 storey foyer w beautiful white oak herringbone flooring T/O. The traditional floor plan offers 11' ceilings, Sep. Living Rm. & Sep. Dining Rm. w tray ceiling & Servery w open shelving, sink & glass display cabinets. The open concept Great Rm is bright from the oversized windows & offers a cozy feel w the gas fireplace & built-ins. The Gourmet Kitchen has an oversized island w Quartz waterfall counters, eating area & plenty of storage, quartz backsplash, panelled fridge & dishwasher, gas cooktop w pot filler & SS B/I oven, lite glass display cabinets & direct access to the back covered porch. High end main flr powder room, laundry rm w front load washer/dryer, custom cabinet & inside entry to garage complete the main floor. The floating staircase w motion sensor lights leads to the 2nd level w white oak herringbone flooring T/O. The bright Primary suite offers 11' ceilings, oversized window, walk-in coset w custom closet organizer & luxurious 5 piece ensuite w 2 vanities, free standing soaker tub & custom glass shower. 2nd bedroom offers it's own 3 pc ensuite, the 3rd & 4th bdrms share a 4 pc bath & the 4th Bdrm has a walk-in closet. The lower lvl is an entertainers dream w a Theatre Rm, Sep. Gym area w glass wall, sauna next to a 3pc bath & change rm, 2nd family rm w gas fireplace, eat-in area with built-in cabinetry, 5th bedrm w 3pc ensuite & walk-in closet which could be an in-law or nanny suite as the lower lvl has a separate entrance. The back yard offers a spacious covered porch w BBQ, Pizza oven & fireplace. This location is highly sought after & is located across the street from Breckon Park, walk to the lake, amenities & minutes to major HWY's. This beautifully designed home is one not to be missed.
MississaugaInvestor.ca
296 Tuck Drive
Detached · 5bd/6ba · ~2,750 sqft
$2,749,900
Cash-Flow Report · August 1, 2026
Cap Rate
0.98%
Monthly Cash Flow
-$10,422/mo
Estimated Rent
$7,245/mo
Cash-on-Cash
-20.56%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$7,245 |
| Mortgage | −$12,657 |
| Property Tax | −$2,131 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$2,292 |
| Vacancy (5%) | −$362 |
| Cash Flow | -$10,422/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$86,940 |
| Vacancy (5%) | −$4,347 |
| Property Tax | −$25,574 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$27,499 |
| Annual NOI | $26,820 |
| Cap Rate | 0.98% |
Cash Required to Close
| Down Payment (20%) | $549,980 |
| Ontario Land Transfer Tax | $55,223 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $608,203 |
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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