
2010 Grovetree Lane, Burlington
Burlington
$949,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,150/mo
Estimated from market price-to-rent ratios
Remarks
Nestled on a quiet, tree-lined street in South Burlington's Central neighbourhood, this beautifully maintained 3-bedroom, 3-bathroom semi-detached home offers approximately 1,980 sq. ft. of finished living space and a functional layout designed for family living. Situated just minutes from downtown Burlington, Spencer Smith Park, schools, shopping, restaurants, major highways, and the GO Station, this home offers the perfect blend of convenience and lifestyle. Hardwood flooring, crown moulding, and two large windows create a warm, inviting atmosphere throughout the main living areas. A gas fireplace serves as the focal point of the living room, while the spacious dining area offers a walkout to the backyard, making it ideal for everyday living and entertaining. The kitchen features white cabinetry, a stainless steel refrigerator, a centre island with breakfast bar, ample prep space, and an open design overlooking the principal living areas. A convenient 2-piece bathroom completes this level. The upper level features three spacious bedrooms and two full bathrooms, including a generous primary suite with double closets and a private ensuite. A separate family room with arched windows offers valuable additional living space, ideal as a media room, children's playroom, home office, or potential fourth bedroom. The finished basement extends the living space with a spacious recreation room and excellent storage, providing endless flexibility for entertaining, a home gym, games room, or hobby space. Outside, enjoy a fully fenced backyard with a spacious stone patio, mature trees, a storage shed, and plenty of green space for children and pets to play. Complete with an attached garage and spacious 4 car private driveway, this move-in-ready home is an exceptional opportunity to own in one of Burlington's most established and family-friendly neighbourhoods.
MississaugaInvestor.ca
2010 Grovetree Lane
Semi-Detached · 3bd/3ba · ~1,750 sqft
$949,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.57%
Monthly Cash Flow
-$3,133/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-18.04%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$4,372 |
| Property Tax | −$736 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$792 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$3,133/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$8,834 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,499 |
| Annual NOI | $14,877 |
| Cap Rate | 1.57% |
Cash Required to Close
| Down Payment (20%) | $189,980 |
| Ontario Land Transfer Tax | $15,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $208,453 |
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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