1441 Elgin Street 407, Burlington

$999,800
1441 Elgin Street 407

$999,800

New
9d
Condo Apartment1 Storey/Apt

1441 Elgin Street 407, Burlington

Total Monthly Obligation $5,692

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
2
Sqft
1000-1199
DOM
9d
Score
15
Yield
4.3%
Cash on Cash
-10.4%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.3%
Property Type-Condo Apartment
MLS® Number-W14032484
Bed+Den-2+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-6-10
Taxes-$4,924 (2026)
Maintenance-$1,048.61/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone
Roof-Flat
Foundation-Poured Concrete
Possession-Immediate
Neighbourhood-Brant
Title-Residential Condo & Other

No agent assigned

Enjoy carefree luxury living at The Saxony, a sought-after six-storey condominium in the heart of downtown Burlington. This beautifully maintained 1058 square feet suite offers one bedroom plus den, two bathrooms, 9-foot ceilings and an open-concept layout ideal for everyday living and entertaining. Quality finishes include plank hardwood flooring, quartz countertops, and Miele appliances. The primary suite features a walk-in closet and spa-inspired ensuite, while a balcony showcases views of the Niagara Escarpment. Step outside to enjoy boutique shopping, restaurants, transit, Spencer Smith Park, lakefront trails, the Performing Arts Centre, Art Gallery and Joseph Brant Hospital, all just moments away. Two parking spaces, including an accessible space with an electric vehicle charger, and a locker for additional storage adds exceptional convenience to this exclusive downtown lifestyle. Make your move now.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$799,840
Land Transfer Taxes$16,471
Legal Fees (Est.)
$
Total cash required for closing$217,931

Total Monthly Obligation

$5,692/mo
Mortgage $4,033
Monthly Loss $4,631
Principal$1,061
Interest$2,972
Property Tax$410
Condo Fees$1,049
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.8%0
5-Year IRR
5.0%11
10-Year IRR
6.8%
Returns Index
6.7/ 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
$42,960/yr
NOI
$18,757/yr
Net Cash Flow
-$2,470/mo
Cash Margin
-69.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.8/ 100

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

Comparables

Properties near 1441 Elgin Street 407

Time

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Data last updated within the past 24 hours.