
491 Shannon Crescent, Burlington
Burlington
$1,075,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome to this 3-bedroom, 2-bathroom side-split, ideally situated on a sprawling corner lot. This home sits on quiet, tree lined street in Burlington's Shoreacres. This home offers exceptional curb appeal, featuring a beautifully landscaped front yard, concrete driveway, aggregate path and a double-car garage, with newly installed concrete floor. Inside, you'll find a spacious living room with an oversized bay window that fills the home with natural light, a separate dining room with sliding doors and eat in kitchen. Original hardwood flooring beneath the carpet in living/dining, bedrooms and stairs as per seller. A separate entrance to the basement from the backyard provides added flexibility and future potential for in-law suite. The lower level family room has cozy wood burning fireplace, newer carpet and has been freshly painted. Major updates include 8 new windows (2025) and a complete electrical rewire (2019), offering peace of mind for years to come. With endless possibilities, this is the perfect opportunity to renovate, personalize, and create the home you've always envisioned. Ideally located just a short walk to Nelson Park, you'll enjoy convenient access to a swimming pool, splash pad, playground, skateboard park, sports fields, and a variety of recreational amenities. A fantastic opportunity to own a solid home in a desirable, family-friendly neighbourhood.
MississaugaInvestor.ca
491 Shannon Crescent
Detached · 3bd/2ba · ~1,300 sqft
$1,075,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.42%
Monthly Cash Flow
-$2,779/mo
Estimated Rent
$4,340/mo
Cash-on-Cash
-14.13%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,340 |
| Mortgage | −$4,948 |
| Property Tax | −$833 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$896 |
| Vacancy (5%) | −$217 |
| Cash Flow | -$2,779/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,080 |
| Vacancy (5%) | −$2,604 |
| Property Tax | −$9,998 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,750 |
| Annual NOI | $26,028 |
| Cap Rate | 2.42% |
Cash Required to Close
| Down Payment (20%) | $215,000 |
| Ontario Land Transfer Tax | $17,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $235,975 |
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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