3346 Palmer Drive, Burlington

$1,099,000
3346 Palmer Drive

$1,099,000

New
30d
Detached2-Storey

3346 Palmer Drive, Burlington

Total Monthly Obligation $5,273

Beds
4
Baths
3
Park
2
Sqft
2000-2500
DOM
30d
Score
17
Yield
4.4%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-W13821888
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-50 × 100 ft
Listed on site-Sep 23, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$5,577 (2025)
Parking-4 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-Keller Williams Edge Realty
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Palmer
Title-Residential Freehold

No agent assigned

Welcome to 3346 Palmer Drive, a spacious detached home offering approximately 2,300 sq. ft. of living space on a desirable 50 x 100 ft. lot in Burlington's Palmer community. Featuring 4 bedrooms and 3 baths, this home offers a functional layout with plenty of space for a growing family. The main level features generous principal rooms, a comfortable living and dining area, and a kitchen with excellent potential for future updates. Four well-sized bedrooms provide ample family accommodation, while the backyard offers great outdoor space for family time, entertaining and gardening. The property offers convenient parking with a double garage and double driveway, accommodating up to four vehicles. Just approximately 200 metres from Palmer Park, featuring a children's playground, baseball diamond, sports field, tennis courts and basketball courts. Enjoy convenient access to Burlington and Appleby GO Stations, major highways, shopping, restaurants and everyday amenities. Located within the school districts for Sir Ernest MacMillan Public School and M.M. Robinson High School. Offered in its current 'as-is condition', this home presents an excellent opportunity for buyers looking to renovate, personalize and create a home that reflects their own style and needs. An excellent opportunity in a family-friendly Burlington neighbourhood, you don't want to miss.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$879,200
Land Transfer Taxes$18,455
Legal Fees (Est.)
$
Total cash required for closing$239,755

Total Monthly Obligation

$5,273/mo
Mortgage $4,433
Monthly Loss $4,106
Principal$1,167
Interest$3,267
Property Tax$465
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.4%1
5-Year IRR
9.0%29
10-Year IRR
9.7%
Returns Index
15.6/ 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
$48,300/yr
NOI
$33,393/yr
Net Cash Flow
-$1,650/mo
Cash Margin
-41.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
18.0/ 100

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

Comparables

Properties near 3346 Palmer Drive

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.

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Data last updated within the past 24 hours.