551 Maple Avenue 615, Burlington

$569,900
551 Maple Avenue 615

$569,900

New
22d
Condo ApartmentApartment

551 Maple Avenue 615, Burlington

Total Monthly Obligation $3,524

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
22d
Score
17
Yield
5.7%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Condo Apartment
MLS® Number-W13852760
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$3,513 (2026)
Maintenance-$732.92/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Ground Source)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Stone
Possession-Flexible
Neighbourhood-Brant
Title-Residential Condo & Other

No agent assigned

Lovely 1 bedroom unit in the highly sought after Strata Condominium offering 770 square feet of living space. Open layout with floor to ceiling windows. Beautiful laminate flooring throughout.The kitchen boasts stainless steel appliances, granite counters, tiled backsplash, pot lights, and breakfast bar.Spacious bedroom with large walk-in closet.There is a 4 piece bath and in suite laundry.1 locker (L2 #82) and 1 underground parking space (B62).Strata offers many great amenities including 24 hour security/concierge, indoor pool/spa, games room, gym, rooftop patio & BBQs, steam room, party room & guest suite available. Easy highway access, close to public transit, walking distance toLake Ontario, Downtown Burlington, Mapleview Mall, restaurants and grocery stores

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$455,920
Land Transfer Taxes$7,873
Legal Fees (Est.)
$
Total cash required for closing$123,353

Total Monthly Obligation

$3,524/mo
Mortgage $2,299
Monthly Loss $2,920
Principal$605
Interest$1,694
Property Tax$293
Condo Fees$733
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.5%21
10-Year IRR
8.9%
Returns Index
11.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,604/yr
NOI
$14,636/yr
Net Cash Flow
-$1,079/mo
Cash Margin
-39.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
22.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 551 Maple Avenue 615

Time

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Data last updated within the past 24 hours.