2430 Second Street, Burlington

$889,900
2430 Second Street

$889,900

New
29d
Att/Row/Townhouse3-Storey

2430 Second Street, Burlington

Total Monthly Obligation $4,381

Beds
2
Baths
3
Park
1
Sqft
1100-1500
DOM
29d
Score
17
Yield
4.4%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Att/Row/Townhouse
MLS® Number-W13822958
Beds-2
Bathrooms-3
Size-1100-1500 sqft
Lot Size-42.76 × 66.28 ft
Listed on site-Sep 24, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,994 (2025)
Parking-2 - Built-In
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX Escarpment Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Stucco (Plaster), Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Brant
Title-Residential Freehold

No agent assigned

Beautiful and RARE FREEHOLD, END UNIT townhome in South Central Burlington. Walking distance to the lake, Spencer Smith Park and downtown! Offering 2 beds and 2 + 1 baths. This spacious, bright property functions more like a semi detached than a townhome, offering a wraparound covered porch, side yard access to the back and tons of extra sunlight from its side windows! The entry level provides a large foyer with 2 closets, a powder room, direct access to the garage, and a bonus space for an office or gym with a walk out to a private enclosed backyard. Climb the staircase to the second level, which features iron pickets, cut outs for decorative items and a large window. Here you will find high ceilings, a large eat-in kitchen with granite counters and stainless steel appliances, plus a walk out to a private BBQ deck where on a clear day with the leaves off the trees you can get a view of the water! The kitchen and dining space naturally flows into a wide living room with hardwood floors, grand windows and a built in cabinet that can accommodate a 60 inch TV. The bedroom level provides 2 large bedrooms, each with their own ensuite bathroom, lots of closet space (deep walk -in closet in one) and convenient upstairs laundry! Owned Tankless Water Heater. Roof 2020. Perfectly situated. Close to all amenities, hospital, transportation, parks, and schools. From its romantic porch to it's lovely stone facade and large corner lot with gardens, this property is sure to delight any buyer! A++ Professionals in Place as Tenants are month to month but willing to stay..

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$711,920
Land Transfer Taxes$14,273
Legal Fees (Est.)
$
Total cash required for closing$193,753

Total Monthly Obligation

$4,381/mo
Mortgage $3,590
Monthly Loss $3,436
Principal$945
Interest$2,645
Property Tax$416
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
8.4%26
10-Year IRR
9.4%
Returns Index
14.1/ 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
$39,096/yr
NOI
$25,692/yr
Net Cash Flow
-$1,449/mo
Cash Margin
-44.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.9/ 100

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

Comparables

Properties near 2430 Second Street

Time

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