40- 2960 Headon Forest Drive, Burlington
Burlington
$699,900
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Meadowtowne Realty Inc., Brokerage
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,750/mo
Estimated from market price-to-rent ratios
Remarks
*PRE-INSPECTED* Presenting 2960 Headon Forest Drive #40 - A move-in ready townhome nestled in Burlington's desirable Headon Forest neighbourhood. Backing onto greenspace and offering incredibly low condo fees of only $259/month, this well-maintained home is the perfect blend of comfort and convenience. Inside, you'll find 3 generously sized bedrooms, 1.5 bathrooms, an updated kitchen and bathrooms, stainless steel appliances, and laminate flooring throughout. The main floor provides comfortable living and dining spaces, plus a convenient powder room, while the fully finished basement offers plenty of flexibility for a rec room, home office, gym, or play area. The primary bedroom features double closets and ensuite privilege to the updated main bathroom (2026). Complete with a single car garage with inside access, plus a newer furnace and A/C (2018, serviced 2026), this home is ready for its next owner. Enjoy being close to parks, trails, schools, shopping, restaurants, public transit, and the 407 for an easy commute. Farm Boy is also only minutes away! Don't miss this opportunity to be part of this highly desirable community. Come take a look!
MississaugaInvestor.ca
40- 2960 Headon Forest Drive
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$699,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.72%
Monthly Cash Flow
-$1,636/mo
Estimated Rent
$2,750/mo
Cash-on-Cash
-12.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,750 |
| Mortgage | −$3,222 |
| Property Tax | −$542 |
| Insurance | −$225 |
| Condo Fee | −$259 |
| Vacancy (5%) | −$138 |
| Cash Flow | -$1,636/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,000 |
| Vacancy (5%) | −$1,650 |
| Property Tax | −$6,509 |
| Insurance | −$2,700 |
| Condo Fee | −$3,108 |
| Annual NOI | $19,033 |
| Cap Rate | 2.72% |
Cash Required to Close
| Down Payment (20%) | $139,980 |
| Ontario Land Transfer Tax | $10,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,453 |
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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