2411 New Street 405, Burlington

$359,000
2411 New Street 405

$359,000

New
16d
Condo Apartment1 Storey/Apt

2411 New Street 405, Burlington

Total Monthly Obligation $2,379

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
16d
Score
24
Yield
7.9%
Cash on Cash
2.1%
Cap Rate
5.0%
5Y IRR
17.2%
10Y IRR
15.9%
Property Type-Condo Apartment
MLS® Number-W13871524
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$822 (2026)
Maintenance-$662.51/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Water (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-None
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Foundation-Poured Concrete
Possession-FLEX/TBA
Neighbourhood-Brant
Title-Residential Condo & Other

No agent assigned

Bright and spacious two-bedroom, one-bathroom condo offering comfortable living in a desirable Burlington location. The generous living room is complemented by a light-filled breakfast nook, while fresh paint, new flooring and new appliances make this home truly move-in ready. Enjoy the large open balcony with eastern exposure-perfect for morning coffee. Includes one locker and one parking space. Ideally located close to downtown Burlington, parks, the lake, library and YMCA. An excellent opportunity for investors, downsizers or first-time buyers!

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

Closing Costs

Mortgage Amount
$287,200
Land Transfer Taxes$3,860
Legal Fees (Est.)
$
Total cash required for closing$77,160

Total Monthly Obligation

$2,379/mo
Mortgage $1,448
Monthly Loss $1,998
Principal$381
Interest$1,067
Property Tax$69
Condo Fees$663
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-4.0%3
5-Year IRR
12.7%56
10-Year IRR
13.0%
Returns Index
28.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$28,260/yr
NOI
$14,262/yr
Net Cash Flow
-$260/mo
Cash Margin
-11.0%1
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
34.2/ 100

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

Comparables

Properties near 2411 New Street 405

Time

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