3148 Terraview Court, Burlington

$1,199,999
3148 Terraview Court

$1,199,999

Price Change
31d
Detached2-Storey

3148 Terraview Court, Burlington

Total Monthly Obligation $5,687

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
31d
Score
16
Yield
3.5%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Detached
MLS® Number-W13818408
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-32.08 × 100 ft
Listed on site-Sep 22, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,655.11 (2026)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-No
Fireplace-Electric, Family Room, Natural Gas, Rec Room
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Flexible
Neighbourhood-Palmer
Title-Residential Freehold

No agent assigned

2-storey home situated on a pie-shaped lot at the end of a court!! This 3 bedroom, 2.5 bathroom home over 1500 square foot and a fully finished basement! Contemporary updates throughout the home with a luxury vinyl in the spacious living room and dining room. The eat-in kitchen features quartz countertops, painted cupboards and an alcove to personalize with a coffee bar or entertaining space. The main floor is complete with a 2-piece bathroom, walkout to the backyard and inside access from the garage. The second level features traditional wood parquet flooring throughout the three bedrooms and an updated 3-piece bathroom with laundry access. The primary bedroom 4-piece ensuite is a spa-like calming space that is rare for the neighbourhood. The lower level adds an additional 800 square feet of living space and features a large recreation room with polished concrete floor throughout and a double-sided gas fireplace focal point. Gorgeous garden-lined extra wide backyard with an aggregate patio and an abundance of foliage for privacy. 1-car garage with polished concrete flooring and an aggregate driveway and walkway for easy maintenance. Situated on a quiet court with mature trees cascading over the road, very family friendly and close to schools parks, restaurants, shops and more!

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

Closing Costs

Mortgage Amount
$959,999
Land Transfer Taxes$20,475
Legal Fees (Est.)
$
Total cash required for closing$261,975

Total Monthly Obligation

$5,687/mo
Mortgage $4,840
Monthly Loss $4,413
Principal$1,274
Interest$3,567
Property Tax$471
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.0/ 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
$42,060/yr
NOI
$27,699/yr
Net Cash Flow
-$2,532/mo
Cash Margin
-72.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.3/ 100

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

Comparables

Properties near 3148 Terraview Court

Time

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