
3389 Palmer Drive, Burlington
Burlington
$999,900
Cash flow, cap rate & mortgage breakdown
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Listed by Keller Williams Edge Realty
Investment Analysis
Key Facts
Type
Link
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,200/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully renovated 3-bedroom home, thoughtfully designed to maximize every square foot and offer comfortable, stylish living for the whole family. The bright, open-concept main floor is anchored by a stunning renovated kitchen featuring a large centre island, quartz countertops, stainless steel appliances, and plenty of space for cooking, entertaining, and gathering together. Upstairs, the spacious primary bedroom includes a walk-in closet and semi-ensuite bathroom, while the two additional bedrooms offer generous closet space. Two electric fireplaces add warmth and ambience throughout the home. The finished basement provides even more versatile living space, making it perfect for family movie nights, a children's play area, or entertaining around the custom wet bar. A convenient 3-piece bathroom also makes the lower level an excellent option when hosting overnight guests or visiting family. Step outside to enjoy a quiet and peaceful backyard backing onto green space creating a private setting that feels removed from the city while remaining close to everything Burlington has to offer. Located in a welcoming, family-oriented neighbourhood, the home is just steps from Lansdown Park, featuring a splash pad and playground, and within walking distance of nearby schools. Centrally located close to grocery stores, pharmacies, restaurants, local pubs, shopping, transit, the library, and everyday amenities, this home offers an ideal combination of community, convenience, and comfortable modern living.
MississaugaInvestor.ca
3389 Palmer Drive
Link · 3bd/3ba · ~1,300 sqft
$999,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.45%
Monthly Cash Flow
-$3,395/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-18.56%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$4,602 |
| Property Tax | −$775 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$3,395/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$9,299 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,999 |
| Annual NOI | $14,482 |
| Cap Rate | 1.45% |
Cash Required to Close
| Down Payment (20%) | $199,980 |
| Ontario Land Transfer Tax | $16,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,453 |
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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