1201 North Shore Boulevard E 508, Burlington

$899,000
1201 North Shore Boulevard E 508

$899,000

New
30d
Condo ApartmentApartment

1201 North Shore Boulevard E 508, Burlington

Total Monthly Obligation $5,577

Beds
2
Baths
2
Park
2
Sqft
1200-1399
DOM
30d
Score
15
Yield
5.2%
Cash on Cash
-9.1%
Cap Rate
2.6%
5Y IRR
8.4%
10Y IRR
9.0%
Property Type-Condo Apartment
MLS® Number-W13818874
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 23, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,853.03 (2026)
Maintenance-$1,346.39/mo
Locker-Owned
Parking-2 - Underground
Basement-Other
Heating-Forced Air (Gas)
Brokerage-Keller Williams Edge Realty
Cooling-Central Air, Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Foundation-Concrete
Possession-Flexible
Neighbourhood-Brant
Title-Residential Condo & Other

No agent assigned

Introducing an exceptional 2-bedroom, 2-bathroom residence at the renowned Lake Winds Condominium, where sophisticated design meets unmatched convenience. Fully renovated in 2023, this thoughtfully curated home offers an elevated living experience in the heart of Burlington. No detail was overlooked! Custom kitchen with quartz countertops and LG appliances, new bathrooms with high quality fixtures and stone countertops, custom walk-in closets, potlights and upgraded flooring throughout. All of the rooms have over-sized windows and are incredibly spacious, including the large primary suite with walk-in closet and luxurious ensuite. Includes in-suite custom laundry room, 2 owned underground parking spaces and a storage locker. Perfectly positioned just steps from Joseph Brant Hospital, Spencer Smith Park, Mapleview Shopping Centre, and the vibrant shops and restaurants of downtown Burlington. Commuters will appreciate seamless access to the QEW and Hwy 403. Building amenities include: heated outdoor pool, tennis court, party room, newly upgraded fitness room (with sauna), car wash area, community carpentry workshop. Maintenance fees include heat, hydro, air conditioning, and water. A rare opportunity to own a beautifully renovated unit in one of Burlington's most walkable and desirable locations.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$5,577/mo
Mortgage $3,626
Monthly Loss $4,623
Principal$954
Interest$2,672
Property Tax$404
Condo Fees$1,346
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.7%13
10-Year IRR
7.5%
Returns Index
7.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$46,536/yr
NOI
$18,473/yr
Net Cash Flow
-$2,087/mo
Cash Margin
-53.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
16.1/ 100

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

Comparables

Properties near 1201 North Shore Boulevard E 508

Time

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