623 Thornwood Avenue, Burlington

$999,000
623 Thornwood Avenue

$999,000

New
3d
DetachedSidesplit 3

623 Thornwood Avenue, Burlington

Total Monthly Obligation $4,818

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
3d
Score
18
Yield
4.5%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Detached
MLS® Number-W14096484
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-54.99 × 100 ft
Listed on site-Oct 20, 2026
Style-Sidesplit 3
Building Type-Detached
Age-51-99
Taxes-$4,954.57 (2026)
Parking-3 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-BOSLEY REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Aluminum Siding, Stone
Roof-Unknown
Foundation-Brick
Sewer-Sewer
Possession-60-90
Neighbourhood-Roseland
Title-Residential Freehold

No agent assigned

Welcome to 623 Thornwood Avenue, a beautifully renovated detached home nestled in the heart of Burlington's highly sought-after Roseland neighbourhood. Offering the perfect blend of timeless charm, modern updates and everyday functionality, this inviting 3-bedroom, 2-bathroom residence is sure to impress! From the moment you arrive, you'll appreciate the charming curb appeal, mature trees and welcoming exterior. Step inside to discover a bright and beautifully appointed interior featuring rich hardwood flooring, elegant crown moulding, large windows and an abundance of natural light throughout. The spacious living room flows effortlessly into the dining area, creating an inviting setting for both everyday living and entertaining. The updated kitchen showcases crisp white cabinetry, sleek countertops, a centre island and generous workspace, combining style and practicality. Three well-proportioned bedrooms offer comfortable retreats, while the finished lower-level living space provides additional room to relax, entertain or unwind. Step outside to enjoy the private, tree-lined backyard, complete with mature greenery, a patio area and plenty of space for outdoor entertaining, gardening or simply enjoying the peaceful surroundings. A private driveway adds everyday convenience. Ideally situated in one of Burlington's most desirable established neighbourhoods, close to parks, schools, shopping, dining, the lakefront and downtown Burlington, this home offers an exceptional opportunity to enjoy the very best of Roseland living. Beautifully updated, thoughtfully maintained and ready to be enjoyed, 623 Thornwood Avenue is a place you'll be proud to call home!

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

Closing Costs

Mortgage Amount
$799,200
Land Transfer Taxes$16,455
Legal Fees (Est.)
$
Total cash required for closing$217,755

Total Monthly Obligation

$4,818/mo
Mortgage $4,030
Monthly Loss $3,757
Principal$1,060
Interest$2,969
Property Tax$413
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.2%30
10-Year IRR
9.9%
Returns Index
16.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$45,000/yr
NOI
$31,045/yr
Net Cash Flow
-$1,443/mo
Cash Margin
-38.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
19.1/ 100

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

Comparables

Properties near 623 Thornwood 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.