1940 Ironstone Drive 204, Burlington

$439,000
1940 Ironstone Drive 204

$439,000

New
4d
Condo Apartment2-Storey

1940 Ironstone Drive 204, Burlington

Total Monthly Obligation $3,032

Beds
1
Baths
1
Park
1
Sqft
800-899
DOM
4d
Score
19
Yield
6.9%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Apartment
MLS® Number-W14096052
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Condo Apartment
Age-11-15
Taxes-$3,370.73 (2026)
Maintenance-$780.51/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Ground Source)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Flexible
Neighbourhood-Uptown
Title-Residential Condo & Other

No agent assigned

Welcome to 204-1940 Ironstone Dr, a unique 2-storey loft-style condo offering approx. 866 sq. ft. of living space, 1 bed, 1 bath and an oversized private terrace showcasing one of the best unobstructed views in the building. Ideally suited for young professionals and first-time buyers, this contemporary home puts everyday conveniences right at your doorstep, with shopping, restaurants, cafes and services directly across the street, plus easy access to transit and major highways. Step inside to a welcoming foyer that leads into an impressive open-concept main level, where soaring 2-storey ceilings and floor-to-ceiling windows on both levels create a dramatic first impression and fill the home with natural light. The kitchen features rich cabinetry, granite counters, tile backsplash, s/s appliances, an island with breakfast bar seating and plenty of storage. It opens seamlessly to the living and dining areas, creating an ideal layout for everyday living and entertaining. The living area opens directly to the expansive private terrace, extending the living space outdoors and offering plenty of room for morning coffee, outdoor dining or relaxing at the end of the day while enjoying the unobstructed outlook. Upstairs, the loft-style primary bedroom overlooks the living space below, creating a distinctive open-concept feel while maintaining a generous bedroom retreat. A full 4-pc bath and convenient in-suite laundry complete this level. The unit includes 1 underground parking space and a locker for additional storage. Building amenities include a fitness centre, party room and outdoor terrace/courtyard spaces. With its distinctive loft layout, soaring ceilings, incredible natural light and generous outdoor space, this is an excellent opportunity for first-time buyers or young professionals looking for something different from a traditional condo, all in a convenient Burlington location where daily essentials are just steps away.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$351,200
Land Transfer Taxes$5,255
Legal Fees (Est.)
$
Total cash required for closing$94,555

Total Monthly Obligation

$3,032/mo
Mortgage $1,771
Monthly Loss $2,566
Principal$466
Interest$1,305
Property Tax$281
Condo Fees$781
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.5%26
10-Year IRR
9.7%
Returns Index
14.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,480/yr
NOI
$12,295/yr
Net Cash Flow
-$746/mo
Cash Margin
-29.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.0/ 100

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

Comparables

Properties near 1940 Ironstone Drive 204

Time

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