2238 Upper Middle Road 4, Burlington

$495,000
2238 Upper Middle Road 4

$495,000

Price Change
30d
Condo Townhouse2-Storey

2238 Upper Middle Road 4, Burlington

Total Monthly Obligation $3,151

Beds
3
Baths
3
Park
2
Sqft
1200-1399
DOM
30d
Score
22
Yield
7.3%
Cash on Cash
0.5%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
14.9%
Property Type-Condo Townhouse
MLS® Number-W13818432
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Sep 23, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,847 (2025)
Maintenance-$716.59/mo
Locker-None
Parking-2 - Underground
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK SHAHEEN & COMPANY
Cooling-Central Air
Laundry-No
Fireplace-Family Room
Pool-None
Exterior-Aluminum Siding, Brick
Possession-30/60 days
Neighbourhood-Brant Hills
Title-Residential Condo & Other

No agent assigned

Welcome to Forest Heights! This spacious townhouse offers an incredible opportunity for families, first time buyers, or investors looking to build immediate equity. Offered as a true blank slate, this home is ready for your personal touch allowing you to customize the finishes to your exact taste, spec it how you want, and create massive long term value. Enjoy major mechanical peace of mind with newer fully owned A/C, furnace and owned hot water tank (saving you from costly monthly rental contracts). The interior features a highly functional layout, including a finished basement with a versatile lower level recreation room and a convenient powder room, as well as a private enclosed backyard that serves as your own fenced outdoor oasis for kids, pets, and summer BBQs. One of the absolute standout perks of this property is the two dedicated underground parking spaces that feature direct, secure access straight into your lower level. You get the weather protected convenience of an elevator style high rise condo walking straight from your vehicle into your house without ever having to step outside, face the elements, or get your feet dirty, while still enjoying the space and privacy of a traditional townhouse. Say goodbye to scraping ice or shoveling snow off your car forever! Located in Burlington's mature Brant Hills neighborhood, the Forest Heights complex provides amenities, including full access to a private community centre and indoor swimming pool. To make life even easier, the monthly condo fees take the stress out of budgeting by covering exterior maintenance, building insurance, water, and basic cable. Please note: Some interior photos have been virtually enhanced to demonstrate the incredible design potential of this blank slate layout.

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

Closing Costs

Mortgage Amount
$396,000
Land Transfer Taxes$6,375
Legal Fees (Est.)
$
Total cash required for closing$106,875

Total Monthly Obligation

$3,151/mo
Mortgage $1,997
Monthly Loss $2,625
Principal$525
Interest$1,471
Property Tax$237
Condo Fees$717
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
12.1%51
10-Year IRR
12.4%
Returns Index
26.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$36,360/yr
NOI
$18,878/yr
Net Cash Flow
-$424/mo
Cash Margin
-14.0%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
27.5/ 100

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

Comparables

Properties near 2238 Upper Middle Road 4

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.