99- 710 Spring Gardens Road, Burlington
Burlington
$849,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this Lakeview townhome in Burlington's highly sought-after Aldershot neighbourhood, just moments from the Royal Botanical Gardens, scenic waterfront trails, parks, shopping, and convenient commuter access. The main level has been thoughtfully renovated to create a bright, modern living space. New luxury vinyl plank flooring flows throughout, complemented by fresh paint in today's neutral colours. The redesigned kitchen is both stylish and functional, featuring new cabinetry, quartz countertops, a counter-depth island, a stainless steel sink with an updated faucet, and the removal of the former pantry to create a more open and spacious dinette area-perfect for everyday living and entertaining. The upper level offers three generous bedrooms, including a spacious primary suite where you'll enjoy lovely views of Lake Ontario. Two full bathrooms and a convenient main-floor powder room provide comfortable living for families and guests alike. The finished walk-out lower level offers a generous bright rec room, a 2-pc bathroom, storage, as well as patio door access to the lovely backyard. Located in a well-maintained community close to nature, schools, transit, the GO Station, and major highways, this move-in-ready home combines tasteful updates, functional design, and an exceptional Burlington location. Unpack and enjoy.
MississaugaInvestor.ca
99- 710 Spring Gardens Road
Condo Townhouse · 3bd/4ba · ~1,500 sqft
$849,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.32%
Monthly Cash Flow
-$2,271/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-14.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,912 |
| Property Tax | −$659 |
| Insurance | −$225 |
| Condo Fee | −$230 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$2,271/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$7,904 |
| Insurance | −$2,700 |
| Condo Fee | −$2,760 |
| Annual NOI | $19,696 |
| Cap Rate | 2.32% |
Cash Required to Close
| Down Payment (20%) | $169,980 |
| Ontario Land Transfer Tax | $13,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $186,453 |
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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