2116 Caroline Street, Burlington
Burlington
$1,594,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Step into the charm of this beautifully updated century home in the heart of downtown Burlington. A welcoming front parlour sets the tone, leading into a bright open-concept living and dining space perfect for entertaining. The upgraded kitchen features high-end appliances and flows seamlessly into a large rear family room addition-ideal for everyday living. Upstairs offers three spacious bedrooms plus a finished attic, perfect as a cozy reading nook, office or teen retreat. The basement provides excellent potential for an in-law suite or additional living space. Enjoy an unbeatable location just steps to the lake, downtown shops, restaurants, and the YMCA. A rare opportunity to own a move-in ready character home in one of Burlington's most walkable neighbourhoods. RSA.
MississaugaInvestor.ca
2116 Caroline Street
Detached · 5bd/3ba · ~2,250 sqft
$1,594,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.94%
Monthly Cash Flow
-$4,768/mo
Estimated Rent
$5,645/mo
Cash-on-Cash
-16.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,645 |
| Mortgage | −$7,341 |
| Property Tax | −$1,236 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,329 |
| Vacancy (5%) | −$282 |
| Cash Flow | -$4,768/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$67,740 |
| Vacancy (5%) | −$3,387 |
| Property Tax | −$14,833 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,949 |
| Annual NOI | $30,871 |
| Cap Rate | 1.94% |
Cash Required to Close
| Down Payment (20%) | $318,980 |
| Ontario Land Transfer Tax | $28,373 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $350,353 |
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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