1441 ELGIN Street 106, Burlington

$974,999
1441 ELGIN Street 106

$974,999

New
18d
Condo ApartmentOther

1441 ELGIN Street 106, Burlington

Total Monthly Obligation $5,346

Beds
1
Baths
2
Park
1
Sqft
900-999
DOM
18d
Score
15
Yield
4.3%
Cash on Cash
-9.0%
Cap Rate
2.7%
5Y IRR
8.5%
10Y IRR
9.1%
Property Type-Condo Apartment
MLS® Number-W13860830
Beds-1
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 5, 2026
Style-Other
Building Type-Condo Apartment
Age-0-5
Taxes-$4,061 (2026)
Maintenance-$875/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ABOUTOWNE REALTY CORP.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Stone
Roof-Flat
Possession-TBA
Neighbourhood-Brant
Title-Residential Condo & Other

No agent assigned

Experience an exceptional downtown lifestyle in this beautifully appointed main-floor condo, ideally positioned just one block from Spencer Smith Park and Burlington's picturesque waterfront trails. Offering the perfect balance of luxury, comfort, and location, this residence places the best of Downtown Burlington right outside your door.Inside, an impressive open-concept design is enhanced by soaring 10-foot ceilings, creating an airy and inviting sense of space. The spacious living and dining areas flow seamlessly into a striking contemporary kitchen, complete with a generous island and premium Miele appliances-an ideal setting for everything from relaxed mornings to effortless entertaining.Thoughtfully designed custom built-ins in both the primary bedroom and den provide exceptional organization and storage while complementing the home's clean, sophisticated aesthetic.One of the home's most appealing features is its direct main-floor access to the sidewalk and private patio. This seamless connection to the outdoors creates a wonderful extension of the living space-perfect for enjoying morning coffee, unwinding in the evening, or simply embracing the energy of downtown living.Beyond your door, discover the vibrant lifestyle that makes Downtown Burlington so desirable. Stroll to Spencer Smith Park, the lake and waterfront trails, enjoy exceptional restaurants and boutique shopping, or take advantage of the many amenities that surround you.An exceptional opportunity to enjoy refined condominium living in one of Burlington's most coveted locations, where luxury, lifestyle, and location come together beautifully. Simply step outside and enjoy everything Downtown Burlington has to offer.

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Closing Costs

Mortgage Amount
$779,999
Land Transfer Taxes$15,975
Legal Fees (Est.)
$
Total cash required for closing$212,475

Total Monthly Obligation

$5,346/mo
Mortgage $3,933
Monthly Loss $4,311
Principal$1,035
Interest$2,898
Property Tax$338
Condo Fees$875
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
5.9%14
10-Year IRR
7.5%
Returns Index
8.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$42,288/yr
NOI
$21,098/yr
Net Cash Flow
-$2,175/mo
Cash Margin
-61.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
16.7/ 100

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

Comparables

Properties near 1441 ELGIN Street 106

Time

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