1940 Ironstone Drive 403, Burlington

$415,900
1940 Ironstone Drive 403

$415,900

New
29d
Condo ApartmentApartment

1940 Ironstone Drive 403, Burlington

Total Monthly Obligation $2,824

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
2
Sqft
600-699
DOM
29d
Score
18
Yield
6.4%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-W13828924
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$2,944 (2025)
Maintenance-$700.74/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Other
Possession-Flexible
Neighbourhood-Uptown
Title-Residential Condo & Other

No agent assigned

Two parking spaces and a locker in a full-amenity Burlington condo. That combination is harder to find than you think.Unit 403 at Ironstone Condominiums offers 665 square feet of 1+1 bedroom, 1.5 bath living space with a layout that works. The building brings 24-hour concierge, gym, party room, media room, and a rooftop terrace with BBQs and outdoor kitchen. Geothermal and solar technology means sustainable living without the premium utility bills.Steps to shopping, dining, and transit. Quick access to Appleby GO and the 403, 407, and QEW corridor. Note: Dogs friendly building.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$332,720
Land Transfer Taxes$4,793
Legal Fees (Est.)
$
Total cash required for closing$89,473

Total Monthly Obligation

$2,824/mo
Mortgage $1,678
Monthly Loss $2,382
Principal$441
Interest$1,236
Property Tax$245
Condo Fees$701
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.4%20
10-Year IRR
8.8%
Returns Index
11.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$26,772/yr
NOI
$10,342/yr
Net Cash Flow
-$816/mo
Cash Margin
-36.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
27.1/ 100

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

Comparables

Properties near 1940 Ironstone Drive 403

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.