
1063 Joan Drive, Burlington
Burlington
$999,900
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,000/mo
Estimated from market price-to-rent ratios
Remarks
Rarely do properties like this hit the market in Burlington's highly desirable, mature LaSalle neighborhood. This beautiful bungalow sits on an impressive, 63 ft wide and 125 ft deep lot surrounded by mature trees, directly across from a quiet local park. Main Level: ~1,200 sq ft of bright above grade living space with rich hardwood floors, a fireplace, an expansive dining area, a pristine white kitchen with stainless steel appliances, 2 bedrooms, 1 bathroom and a fully heated rare sunroom extension. Basement Level: A fully finished, carpet-free lower level offering massive income potential or perfect multi-generational living with 2 bedrooms, 1 full bathroom, living area, and endless custom storage. The Backyard: A beautifully landscaped, private oasis complete with a striking center tree block and a storage shed. Bungalows of this size and capability are a rare find in LaSalle.
MississaugaInvestor.ca
1063 Joan Drive
Detached · 5bd/2ba · ~1,300 sqft
$999,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.36%
Monthly Cash Flow
-$2,635/mo
Estimated Rent
$4,000/mo
Cash-on-Cash
-14.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,000 |
| Mortgage | −$4,602 |
| Property Tax | −$775 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$200 |
| Cash Flow | -$2,635/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$48,000 |
| Vacancy (5%) | −$2,400 |
| Property Tax | −$9,299 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,999 |
| Annual NOI | $23,602 |
| Cap Rate | 2.36% |
Cash Required to Close
| Down Payment (20%) | $199,980 |
| Ontario Land Transfer Tax | $16,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,453 |
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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