2366 Mountainside Drive, Burlington

$849,000
2366 Mountainside Drive

$849,000

Price Change
36d
DetachedBungalow

2366 Mountainside Drive, Burlington

Total Monthly Obligation $4,159

Beds
4
Baths
2
Park
3
Sqft
700-1100
DOM
36d
Score
24
Yield
6.0%
Cash on Cash
2.5%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Detached
MLS® Number-W13803186
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-62 × 100 ft
Listed on site-Sep 17, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,314.94 (2026)
Parking-3 - None
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-iCloud Realty Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Mountainside
Title-Residential Freehold

No agent assigned

EXTENSIVELY RENOVATED | 3+1 BEDROOM | 2 BATHROOM | SEPARATE BASEMENT ENTRANCE | ~1,973 SQ FT FINISHED Welcome to 2366 Mountainside Dr, a substantially renovated and move-in-ready home offering exceptional flexibility, modern updates and nearly 2,000 sqft. of finished living space. Featuring 3 bedrooms on the main level plus a 4th bedroom downstairs, 2 full bathrooms and a separate entrance to the finished lower level, this home is designed to accommodate the evolving needs of today's families. Step inside to a refreshed main floor featuring a welcoming living room, separate dining area and brand-new kitchen with a new fridge, dishwasher and range hood. 3 comfortable bedrooms provide excellent family living, while the beautifully renovated 3-pc main bathroom completes the level. The finished lower level adds an impressive amount of versatile living space, highlighted by a 26' recreation room, 4th bedroom, separate office, 3-pc bathroom and laundry area with new washer and dryer. The separate entrance provides added privacy and flexibility for extended family, guests, a home office or a variety of other living arrangements. This home has undergone an extensive list of improvements, including a new roof, new insulation and attic insulation, new furnace and A/C, approximately 90% new electrical, all-new PEX plumbing, new flooring and tile throughout, high-efficiency LED lighting, fresh paint, new interior and exterior doors, five new windows, new soffits, fascia and eavestroughs, new front deck, renovated main and lower-level bathrooms, and a completely updated kitchen with appliances. The owned 60-gallon hot water tank was also updated. Located in an established Mountainside neighbourhood close to schools, parks, recreation, shopping, restaurants and everyday amenities, with convenient access to the QEW, 403 and 407. A rare opportunity to purchase a home where the extensive renovation work has already been completed. Move in, enjoy the space and make it your own.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,159/mo
Mortgage $3,425
Monthly Loss $3,258
Principal$901
Interest$2,523
Property Tax$360
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.3%4
5-Year IRR
13.8%63
10-Year IRR
13.5%
Returns Index
33.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$50,760/yr
NOI
$36,869/yr
Net Cash Flow
-$352/mo
Cash Margin
-8.3%1
Cash Flow Index
0.9/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
24.7/ 100

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

Comparables

Properties near 2366 Mountainside Drive

Time

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