
202- 4005 KILMER Drive, Burlington
Burlington
$424,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Rarely do 2-bedroom, 2 full bathroom condos like this become available in a sought out Burlington community-and this one is sure to impress! Freshly painted throughout and move-in ready, this bright and spacious home offers an open-concept layout that's perfect for both everyday living and entertaining.The kitchen features brand-new appliances and flows seamlessly into the dining and living areas, where a cozy gas fireplace creates the perfect place to relax. Step outside to your private balcony, conveniently located just off the kitchen-ideal for enjoying your morning coffee or unwinding at the end of the day.The generous primary suite is a true retreat, complete with a private 4-piece ensuite bath. A second spacious bedroom with brand-new Berber carpet is perfect for guests, family, or a home office, while a second full bathroom provides added convenience and privacy, making this layout ideal for shared living or hosting overnight visitors.Additional features include in-suite laundry, thoughtful updates throughout, and a functional, low-maintenance floor plan. Whether you're a first-time buyer, downsizer, or simply looking for a turnkey home, this condo offers exceptional comfort and convenience. Ideally located close to shopping, restaurants, parks, and everyday amenities, you'll love the lifestyle this location has to offer.
MississaugaInvestor.ca
202- 4005 KILMER Drive
Condo Apartment · 2bd/2ba · ~950 sqft
$424,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.24%
Monthly Cash Flow
-$1,517/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-19.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$1,956 |
| Property Tax | −$329 |
| Insurance | −$225 |
| Condo Fee | −$1,002 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$1,517/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$3,952 |
| Insurance | −$2,700 |
| Condo Fee | −$12,024 |
| Annual NOI | $5,264 |
| Cap Rate | 1.24% |
Cash Required to Close
| Down Payment (20%) | $84,980 |
| Ontario Land Transfer Tax | $4,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $92,953 |
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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