319- 4040 Upper Middle Road, Burlington
Burlington
$399,000
Cash flow, cap rate & mortgage breakdown
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Listed by IRISE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Estimated from market price-to-rent ratios
Remarks
Strategically positioned for first-time buyers or savvy investors, this functional 1+den residence offers an efficient layout designed to maximize both comfort and utility. The living area is well-proportioned, providing a versatile environment that easily accommodates a dedicated home office or guest space within the den. Located in a highly accessible Burlington enclave, this property ensures immediate proximity to essential amenities including premium grocery stores, retail, dining options, & parks - including Tansley Woods which features new outdoor Pickleball courts!. For the buyer seeking a low-maintenance lifestyle without compromising on floor plan efficiency or location, this unit represents a high-value opportunity in a consistently strong market. With its blend of practical design and exceptional access to daily conveniences, this residence is a compelling choice for those looking to secure a strategic foothold in the GTA. Building is powered by geothermal heating and cooling. 10 Mins to Appleby GO.
MississaugaInvestor.ca
319- 4040 Upper Middle Road
Condo Apartment · 2bd/1ba · ~650 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.18%
Monthly Cash Flow
-$1,114/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-15.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$1,837 |
| Property Tax | −$309 |
| Insurance | −$225 |
| Condo Fee | −$690 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$1,114/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$3,711 |
| Insurance | −$2,700 |
| Condo Fee | −$8,280 |
| Annual NOI | $8,679 |
| Cap Rate | 2.18% |
Cash Required to Close
| Down Payment (20%) | $79,800 |
| Ontario Land Transfer Tax | $4,460 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,260 |
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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