3480 Upper Middle Road 3, Burlington

$699,000
3480 Upper Middle Road 3

$699,000

New
9d
Condo Townhouse2-Storey

3480 Upper Middle Road 3, Burlington

Total Monthly Obligation $3,749

Beds
2
Baths
3
Park
1
Sqft
1000-1199
DOM
9d
Score
18
Yield
4.9%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.1%
Property Type-Condo Townhouse
MLS® Number-W14030644
Beds-2
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-16-30
Taxes-$3,533.19 (2026)
Maintenance-$435.37/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Flexible
Neighbourhood-Palmer
Title-Residential Condo & Other

No agent assigned

Bright, quiet and tucked away in the Palmer neighbourhood of Burlington. This 2 bed, 2.5 bath townhome has something many in the area don't: a primary bedroom with its own private ensuite. It's a hard-to-find layout, and it sits well back from Upper Middle Rd, with a large green space out front, an open view and lots of natural light. It's been updated top to bottom: fresh paint, smooth ceilings with the stucco removed, and new light fixtures and door handles throughout, plus new patio doors and windows (2026). The kitchen has white cabinetry, floor-to-ceiling pantry storage, a glass subway backsplash, stainless appliances and a sunny bay window breakfast nook overlooking the green space. The living room is the coziest spot in the house, with a gas fireplace and a stacked stone surround. Step out to your main floor balcony for some fresh air. Upstairs, both bedrooms have engineered hardwood, ceiling fans and custom vent covers that match the floors. The primary has a bay window, a remote controlled fan and a walk-through closet to a refreshed ensuite with a new quartz vanity, toilet, mirrors and tile floor. The second bath has also been updated with ceramic tile floors, a tile tub surround and new fixtures. The walkout basement family room opens to a private fenced patio with string lights and no grass to cut. You'll also find a laundry room with a utility sink, inside garage access and lots of storage in the utility room. Close to schools, Tansley Woods Community Centre, trails, splash pads and sports fields, with local plazas, grocers, cafes and dining just around the corner. You're also minutes from the QEW, 403, 407, Burlington GO and local transit.

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,749/mo
Mortgage $2,820
Monthly Loss $3,007
Principal$742
Interest$2,078
Property Tax$294
Condo Fees$435
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$34,020/yr
NOI
$19,460/yr
Net Cash Flow
-$1,198/mo
Cash Margin
-42.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
22.0/ 100

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

Comparables

Properties near 3480 Upper Middle Road 3

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.