3234 Sharp Road, Burlington

$1,399,000
3234 Sharp Road

$1,399,000

New
7d
Detached2-Storey

3234 Sharp Road, Burlington

Total Monthly Obligation $6,570

Beds
5
Baths
4
Park
2
Sqft
2000-2500
DOM
7d
Score
16
Yield
3.6%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.6%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-W14085814
Beds-5
Bathrooms-4
Size-2000-2500 sqft
Lot Size-37.22 × 100 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$6,617.66 (2025)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ABOUTOWNE REALTY CORP.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Alton
Title-Residential Freehold

No agent assigned

Welcome to this beautifully updated 4-bedroom detached home in the highly sought-after Alton Village! This spacious family home combines comfort, functionality and an exceptional ravine-backed setting. The main floor features hardwood flooring, a spacious family room and an oversized kitchen with granite countertops and a generous breakfast area. Upstairs offers a spacious primary bedroom with a large walk-in closet, 3 additional bedrooms, semi-ensuite bath and the convenience of second-floor laundry. Step outside to a private ravine-backed backyard surrounded by greenery, offering a peaceful and serene setting for morning coffee, entertaining or relaxing. The backyard and ravine area have recently been cleared and cleaned, creating a more inviting outdoor space. The basement provides large ground level windows, additional flexible living space, ideal for a recreation room, home office, gym or play area. Ideally located close to Hwy 407, Dundas St, schools, parks, shopping and everyday amenities. A fantastic opportunity to own an extensively updated detached home with a beautiful ravine backdrop in one of Burlington's most desirable family-friendly communities! Extensively updated since November 2024 with numerous major improvements, including a new roof, upgraded 200-amp electrical service with a new electrical panel, new upper-floor flooring, removal of popcorn ceilings throughout, pot lights installed throughout, R60 attic insulation top-up, security film on ground-floor and basement windows, a new electric cooking range with gas connection also available, new exhaust vent and microwave, new toilets, fresh paint throughout the entire home, and replacement of both garage door motors.

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

Closing Costs

Mortgage Amount
$1,119,200
Land Transfer Taxes$24,455
Legal Fees (Est.)
$
Total cash required for closing$305,755

Total Monthly Obligation

$6,570/mo
Mortgage $5,643
Monthly Loss $5,085
Principal$1,485
Interest$4,158
Property Tax$551
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
6.9%18
10-Year IRR
8.1%
Returns Index
10.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$50,748/yr
NOI
$34,556/yr
Net Cash Flow
-$2,764/mo
Cash Margin
-65.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
15.3/ 100

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

Comparables

Properties near 3234 Sharp Road

Time

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