309- 370 Martha Street, Burlington
Burlington
$699,000
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
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
928 sq ft of bright living space with direct Lake Ontario views, floor-to-ceiling windows and a Juliette balcony. This beautifully upgraded 2-bedroom, 2-bath condo features over $40,000 in upgrades, including a modern kitchen with Whirlpool appliances, porcelain countertops, backsplash and a large kitchen island. The primary bedroom offers stunning lake views, double closets and a private 4-piece ensuite. The second bedroom also features double closets and access to a separate 4-piece bathroom. Includes one underground parking space and one locker. Building amenities include a gym, party room, rooftop patio, outdoor pool and 24-hour concierge. Ideally located within walking distance to the lake, restaurants and shops. Move in and enjoy!
MississaugaInvestor.ca
309- 370 Martha Street
Condo Apartment · 2bd/2ba · ~950 sqft
$699,000
Cash-Flow Report · August 2, 2026
Cap Rate
1%
Monthly Cash Flow
-$2,632/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-20.61%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$3,217 |
| Property Tax | −$542 |
| Insurance | −$225 |
| Condo Fee | −$928 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,632/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$6,501 |
| Insurance | −$2,700 |
| Condo Fee | −$11,136 |
| Annual NOI | $7,023 |
| Cap Rate | 1% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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