515- 4878 Powers Common, Burlington
Burlington
$459,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/MIRACLE REALTY LTD
Investment Analysis
Key Facts
Type
Co-op Apartment
Bedrooms
2
Bathrooms
2
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Excellent BRAND NEW Condo FOR SALE. Features 2 bedroom, 2 Bath, 1 Car Parking, 1 Storage Locker and more. Located in THE REALM Condos in the heart of Burlington's sought-after Alton Village! This brand new, never before lived in unit offers modern, low-maintenance living with upscale finishes throughout. Bright, open concept layout featuring soaring high ceilings, sleek contemporary design, and an abundance of natural light. Enjoy a stylish kitchen, premium finishes, and functional living space perfect for first-time buyers, investors, or professionals. Unbeatable location close to shopping, restaurants, parks, schools, transit, and major highways. Experience luxury condo living with state-of-the-art amenities in one of Burlington's newest developments.
MississaugaInvestor.ca
515- 4878 Powers Common
Co-op Apartment · 2bd/2ba · ~650 sqft
$459,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.42%
Monthly Cash Flow
-$1,190/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-14.22%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,113 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$538 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,190/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$4,269 |
| Insurance | −$2,700 |
| Condo Fee | −$6,456 |
| Annual NOI | $11,085 |
| Cap Rate | 2.42% |
Cash Required to Close
| Down Payment (20%) | $91,800 |
| Ontario Land Transfer Tax | $5,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,455 |
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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