#118- 2030 Cleaver Avenue, Burlington
Burlington
$429,900
Cash flow, cap rate & mortgage breakdown
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Listed by STONEMILL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
10
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Forest Chase in the highly sought-after Headon Forest community! This beautifully updated 2-bedroom, 1-bathroom condo offers a bright, open-concept layout featuring an upgraded kitchen with a breakfast bar, new flooring throughout, fresh paint, and a stylishly renovated 3-piece bathroom. Step outside to your private balcony, and enjoy the added convenience of one underground parking space, one exclusive storage locker, and an owned water heater.Perfect for first-time buyers, downsizers, or anyone seeking low-maintenance living, this well-maintained first-floor unit is located in a pet-friendly, low-rise community just minutes from everything you need. Enjoy walking distance to shopping, restaurants, parks, schools, and public transit, while Burlington's vibrant downtown waterfront is just a 15-minute drive away. Commuters will appreciate quick and easy access to both the QEW and Highway 407.Whether you're looking for your first home, a smart investment, or a place to simplify your lifestyle, this move-in-ready condo offers exceptional value in one of Burlington's most desirable neighbourhoods
MississaugaInvestor.ca
#118- 2030 Cleaver Avenue
Condo Apartment · 2bd/1ba · ~750 sqft
$429,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.99%
Monthly Cash Flow
-$1,266/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-16.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$1,979 |
| Property Tax | −$333 |
| Insurance | −$225 |
| Condo Fee | −$724 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$1,266/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$3,998 |
| Insurance | −$2,700 |
| Condo Fee | −$8,688 |
| Annual NOI | $8,554 |
| Cap Rate | 1.99% |
Cash Required to Close
| Down Payment (20%) | $85,980 |
| Ontario Land Transfer Tax | $5,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $94,053 |
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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