309 Townsend Avenue, Burlington

$1,249,000
309 Townsend Avenue

$1,249,000

New
7d
Detached1 1/2 Storey

309 Townsend Avenue, Burlington

Total Monthly Obligation $5,915

Beds
4
Baths
2
Park
4
Sqft
2000-2500
DOM
7d
Score
17
Yield
4.0%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-W14085786
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-61 × 124 ft
Listed on site-Oct 16, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$6,024 (2025)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY SPECIALISTS INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Inground
Facing-North
Exterior-Brick, Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-90 days
Neighbourhood-LaSalle
Title-Residential Freehold

No agent assigned

Located in a beautiful, tranquil Aldershot neighbourhood, this property offers a fantastic opportunity for renovators, contractors or buyers looking to create their dream home. Situated on a substantial 61' x 124' lot, the home features a beautiful exterior with over $100,000 spent on front and rear concrete work. The home offers 3 well-appointed bedrooms with hardwood floors throughout the main living areas. The primary bedroom features a full ensuite and walk-in closet, while an additional main-floor bedroom adds flexibility. Oversized windows provide plenty of natural light throughout. The backyard features a heated in-ground pool and ample space for outdoor enjoyment. The kitchen opens to a welcoming dining area overlooking the expansive yard. The basement includes a spacious family room with LED pot lights, a laundry room and garage access. Conveniently located near excellent schools, parks, Burlington Golf & Country Club, highway access and all amenities. An excellent opportunity to renovate and add value in a sought-after area.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$999,200
Land Transfer Taxes$21,455
Legal Fees (Est.)
$
Total cash required for closing$272,755

Total Monthly Obligation

$5,915/mo
Mortgage $5,038
Monthly Loss $4,589
Principal$1,326
Interest$3,712
Property Tax$502
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.8/ 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
$50,100/yr
NOI
$34,566/yr
Net Cash Flow
-$2,158/mo
Cash Margin
-51.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
16.5/ 100

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

Comparables

Properties near 309 Townsend Avenue

Time

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