1340 Mountain Grove Avenue, Burlington

$739,900
1340 Mountain Grove Avenue

$739,900

New
7d
DetachedBacksplit 3

1340 Mountain Grove Avenue, Burlington

Total Monthly Obligation $3,704

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
7d
Score
20
Yield
5.1%
Cash on Cash
-2.0%
Cap Rate
4.1%
5Y IRR
14.0%
10Y IRR
13.3%
Property Type-Detached
MLS® Number-W14087246
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-50 × 108.1 ft
Listed on site-Oct 16, 2026
Style-Backsplit 3
Building Type-Detached
Age-51-99
Taxes-$4,129 (2025)
Parking-2 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-Royal LePage Real Estate Associates
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Mountainside
Title-Residential Freehold

No agent assigned

An incredible opportunity to bring your vision to life in Burlington's desirable Mountainside community! Tucked away on a quiet cul-de-sac, this 3-bedroom, 1-bathroom detached backsplit sits on a unique 50-foot-wide lot that expands to approximately 140 feet at the rear, backing onto mature trees, wooded greenspace and parkland. Surrounded by nature, the property offers a peaceful setting with exceptional potential for buyers looking to renovate and make it their own. Inside, the spacious living room features large windows, a wood-burning stove (as-is) and hardwood flooring beneath the existing carpet. The bright kitchen offers an eating area, while the upper level includes three bedrooms and a 4-piece bathroom. The partially finished lower level provides additional recreation space, along with separate utility and storage areas. With the property requiring mechanical and aesthetic updates, a new furnace installed in October 2026 provides relief for further upgrades. Outside, the expansive, tree-lined backyard offers plenty of possibilities to create your ideal outdoor retreat. Conveniently located near schools, parks, shopping, recreation facilities, public transit and everyday amenities. Whether you're a renovator, investor or buyer ready to take on a complete transformation, this property presents an exciting opportunity to unlock its potential in an established Burlington neighbourhood. Estate sale. The property, including all remaining mechanical systems and the roof, is being sold in as-is condition.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$591,920
Land Transfer Taxes$11,273
Legal Fees (Est.)
$
Total cash required for closing$160,753

Total Monthly Obligation

$3,704/mo
Mortgage $2,985
Monthly Loss $2,918
Principal$785
Interest$2,199
Property Tax$344
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.3%37
10-Year IRR
10.8%
Returns Index
19.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$37,440/yr
NOI
$25,067/yr
Net Cash Flow
-$896/mo
Cash Margin
-28.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
23.4/ 100

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

Comparables

Properties near 1340 Mountain Grove Avenue

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.

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Data last updated within the past 24 hours.