
1402- 442 Maple Avenue, Burlington
Burlington
$999,000
Cash flow, cap rate & mortgage breakdown
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Listed by Engel & Volkers Oakville
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to elegant "Spencer's Landing" in the heart of downtown Burlington across from the lake, & scenic Spencer Smith Park. Experience luxury living & convenience in this beautiful 2 bedroom, 2 bathroom 1,540 sq. ft. Penthouse level corner unit with expansive 180 degree southwest views of the Escarpment, Hamilton Harbour, & Lake Ontario. This well-designed floor plan greets you with a spacious entry foyer & built-in cabinetry, separate bedroom wings for privacy, formal living & dining rooms, as well as a very generous bright & airy eat-in kitchen open to the cozy family room/den. The large primary bedroom has an ample walk-in closet, & 4 piece ensuite, with glass shower & new "Safe-Step Walk-in" jetted bathtub (2024). The 2nd bedroom currently has built-in cabinetry with a fold down Murphy-bed opposite the hallway to a 3 piece bathroom with glass shower. Off the living room, is access to a lovely open covered balcony. Very important to note, this Penthouse unit comes with 2 oversize parking spots, as well as your own massive storage room, all just a few steps from the underground entrance. "Spencer's Landing" is an exceptional residence offering resort-style amenities, including concierge, 24 hour security, indoor pool & spa, sauna, fitness center, library, party & games room with billiards table, secure underground parking, as well as ample visitor parking, outdoor gazebo & BBQ area. Enjoy truly "all-inclusive" living as condo fees cover all utilities & amenities. Perfectly situated in the heart of downtown, you're just a short walk to shops & cafes, dining, entertainment, & the picturesque waterfront trail.
MississaugaInvestor.ca
1402- 442 Maple Avenue
Condo Apartment · 2bd/2ba · ~1,500 sqft
$999,000
Cash-Flow Report · August 1, 2026
Cap Rate
-0.16%
Monthly Cash Flow
-$4,728/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-25.88%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$4,598 |
| Property Tax | −$774 |
| Insurance | −$225 |
| Condo Fee | −$1,696 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$4,728/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$9,291 |
| Insurance | −$2,700 |
| Condo Fee | −$20,352 |
| Annual NOI | $-1,563 |
| Cap Rate | -0.16% |
Cash Required to Close
| Down Payment (20%) | $199,800 |
| Ontario Land Transfer Tax | $16,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,255 |
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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