346 Melores Drive, Burlington

$1,129,000
346 Melores Drive

$1,129,000

New
4d
Detached2-Storey

346 Melores Drive, Burlington

Total Monthly Obligation $5,375

HausQ Valuation Report
Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
4d
Score
16
Yield
3.9%
Cash on Cash
-6.8%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Detached
MLS® Number-W14096418
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-46.48 × 108 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,357 (2025)
Parking-5 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE NEW WORLD REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Metal
Foundation-Concrete Block
Sewer-Sewer
Possession-flexible
Neighbourhood-Appleby
Title-Residential Freehold

No agent assigned

Ravine Lot with beautiful creek at the end of back yard ,And Walk To The Lake!! Nice Home Located South East Burlington With 4 Bedrooms And 2 Baths. Single Car Garage With A Generous Double Driveway. This Home Features Steel Roof, Shed With 10X13 Concrete Pad, Humidifier With Electrical Air Filter, High Efficiency Furnace And A Water Softener With Reverse Osmosis Water System. Great Backyard Oasis With A Huge Deck, Gas Bbq Hook-Up, And A Great View That Overlooks The Ravine. Metal Roof - 2010,Windows - 2014,Siding - 2020, Floor - 2020,Kitchen - 2020,Tiles - 2020,Bathroom - 2026,Powder Room - 2026,Deck - 2022, Painted Fresh - 2026

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

Closing Costs

Mortgage Amount
$903,200
Land Transfer Taxes$19,055
Legal Fees (Est.)
$
Total cash required for closing$246,355

Total Monthly Obligation

$5,375/mo
Mortgage $4,554
Monthly Loss $4,177
Principal$1,198
Interest$3,356
Property Tax$446
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.3%20
10-Year IRR
8.5%
Returns Index
11.3/ 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
$43,488/yr
NOI
$29,282/yr
Net Cash Flow
-$2,114/mo
Cash Margin
-58.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.545
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
17.1/ 100

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

Comparables

Properties near 346 Melores Drive

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.