2432 Cyprus Avenue, Burlington

$979,900
2432 Cyprus Avenue

$979,900

New
3d
DetachedBacksplit 3

2432 Cyprus Avenue, Burlington

Total Monthly Obligation $4,739

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
3d
Score
17
Yield
4.1%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-W14097178
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-45 × 120 ft
Listed on site-Oct 20, 2026
Style-Backsplit 3
Building Type-Detached
Taxes-$4,934 (2026)
Parking-4 - Attached
Basement-Walk-Up, Partial Basement
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBA
Neighbourhood-Mountainside
Title-Residential Freehold

No agent assigned

This beautifully maintained three-level backsplit offers a versatile layout featuring two bedrooms, with the potential to easily convert back to three, and two bathrooms. Ideally situated backing directly onto Clarksdale Park, this home combines comfortable living with a beautiful park-side setting. Neutral finishes and hardwood flooring create a warm, inviting atmosphere, while the gorgeous maple kitchen with stainless steel appliances offers the perfect blend of style and functionality. The lower level adds exceptional versatility, featuring a spacious recreation room, three-piece bathroom, laundry room, and convenient walk-up access to the backyard. Outdoors, enjoy a beautifully manicured retreat overlooking the park, complete with an expansive Flexstone patio, a new pergola (2026), and a large storage shed. The fully fenced backyard features a new fence installed in 2024 with sturdy 6x6 construction, while hot and cold water bibs in both the backyard and garage provide added convenience. The impressive list of features continues with an exposed aggregate driveway and a heated garage equipped with new insulation, LED lighting, a sound system, hot and cold water bibs, and rough-in ventilation. Additional highlights include a hardwired six-camera Lorex security system, keyless entry, and a sound system extending to the backyard. Numerous important updates provide added peace of mind, including roof shingles (2023), garage flat roof (2025), windows (2023), central air conditioning (2023), furnace and on-demand water heater (2018), plumbing (2018), and blown-in attic insulation (2024). The Rain Bird irrigation controller (2024), servicing front and rear sprinkler systems, helps keep the landscaping looking its best. With its flexible floor plan, extensive upgrades, thoughtfully designed outdoor living space, and desirable location backing onto Clarksdale Park, this is a wonderful opportunity, don't miss out. PRE-INSPECTION AVAILABLE

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$783,920
Land Transfer Taxes$16,073
Legal Fees (Est.)
$
Total cash required for closing$213,553

Total Monthly Obligation

$4,739/mo
Mortgage $3,953
Monthly Loss $3,699
Principal$1,040
Interest$2,913
Property Tax$411
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%16
Cash-on-Cash
-9.7%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$40,500/yr
NOI
$27,016/yr
Net Cash Flow
-$1,701/mo
Cash Margin
-50.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo32
Risk Index
18.7/ 100

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

Comparables

Properties near 2432 Cyprus Avenue

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