
702- 2087 Fairview Street, Burlington
Burlington
$439,888
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to the Paradigm, one of Burlington's best connected addresses. Offering 612 sq ft of bright, open concept living with 1 bedroom and a 4-piece bath. Floor to ceiling windows fill the suite with natural light from the east exposure. The modern kitchen features sleek cabinetry, a glass tile backsplash, and an island with seating. The living room walks out to an open balcony, a great spot for morning coffee. In-suite laundry, an underground parking space, and an owned locker on the same floor complete the package. The building amenities are a true highlight: concierge, indoor pool, sauna, exercise room, media room, games room, party room, guest suites, rooftop deck and garden, and community BBQ area, plus visitor parking. The condo fee covers heat, water, central air, parking, and building insurance, keeping monthly costs simple. And the location is hard to beat. Burlington GO station is right outside your door, the QEW and 403 are minutes away, and downtown Burlington's shops, restaurants, and waterfront are a short drive from home.
MississaugaInvestor.ca
702- 2087 Fairview Street
Condo Apartment · 1bd/1ba · ~650 sqft
$439,888
Cash-Flow Report · August 1, 2026
Cap Rate
1.3%
Monthly Cash Flow
-$1,549/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-19.31%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$2,025 |
| Property Tax | −$341 |
| Insurance | −$225 |
| Condo Fee | −$620 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,549/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$4,091 |
| Insurance | −$2,700 |
| Condo Fee | −$7,440 |
| Annual NOI | $5,719 |
| Cap Rate | 1.3% |
Cash Required to Close
| Down Payment (20%) | $87,977.6 |
| Ontario Land Transfer Tax | $5,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $96,250.6 |
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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