
55- 3480 Upper Middle Road, Burlington
Burlington
$724,500
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
2
Days on Market
2
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
Backing onto the picturesque ravine of Tuck Creek, this beautifully updated townhome enjoys one of the most desirable settings in Burlington's sought-after Tuck's Forest community. Offering the perfect balance of privacy with no rear neighbours combined with modern updates and everyday convenience, this home is ideal for first-time buyers, professionals and downsizers alike.The bright, open-concept main floor features a beautifully renovated kitchen with updated cabinetry, quality finishes, a breakfast area and breakfast bar overlooking the spacious living and dining room. Hardwood flooring, a cozy gas fireplace and large windows create a warm, inviting space, while sliding patio doors open to a private balcony with peaceful ravine views.Upstairs, you'll find two generous bedrooms with soaring cathedral ceilings, including a spacious primary bedroom with double closets and a large bay window. The renovated main bathroom and convenient second-floor laundry complete the upper level.The fully finished walk-out lower level offers flexible living space, perfect as a family room, home office, gym or guest suite. Complete with a two-piece bathroom, inside garage access and a walk-out to the private patio overlooking the ravine, this level extends your living space while maintaining a connection to nature.Recent updates include a renovated kitchen and bathrooms, fresh paint throughout, updated lighting, new carpeting on both staircases, a new garage door, newly paved driveway, tankless on-demand water heater, Ecobee smart thermostat, smart stacked washer and dryer, and updated hardwired smoke detectors on all three levels. Ideally located just minutes from Burlington and Appleby GO Stations, Highways 403, 407 and the QEW, with parks, trails, schools, shopping and everyday amenities all nearby. This rare ravine property offers an opportunity that's not often found in one of Burlington's most desirable communities!
MississaugaInvestor.ca
55- 3480 Upper Middle Road
Condo Townhouse · 2bd/2ba · ~1,100 sqft
$724,500
Cash-Flow Report · July 31, 2026
Cap Rate
1.68%
Monthly Cash Flow
-$2,324/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$3,335 |
| Property Tax | −$562 |
| Insurance | −$225 |
| Condo Fee | −$482 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,324/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$6,738 |
| Insurance | −$2,700 |
| Condo Fee | −$5,784 |
| Annual NOI | $12,138 |
| Cap Rate | 1.68% |
Cash Required to Close
| Down Payment (20%) | $144,900 |
| Ontario Land Transfer Tax | $10,965 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $158,865 |
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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