2243 Turnberry Road 51, Burlington

$998,000
2243 Turnberry Road 51

$998,000

New
23d
Att/Row/TownhouseBungalow

2243 Turnberry Road 51, Burlington

Total Monthly Obligation $4,839

Beds
2
Baths
3
Park
1
Sqft
1100-1500
DOM
23d
Score
16
Yield
3.6%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Att/Row/Townhouse
MLS® Number-W13845810
Beds-2
Bathrooms-3
Size-1100-1500 sqft
Lot Size-46.06 × 95.96 ft
Listed on site-Sep 30, 2026
Style-Bungalow
Building Type-Att/Row/Townhouse
Taxes-$5,259.16 (2026)
Parking-2 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Rec Room
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Rose
Title-Residential Freehold

No agent assigned

Set in Burlington's prestigious Millcroft community, just moments from Millcroft Golf Club, 51-2243 Turnberry Rd is a meticulously maintained executive bungalow townhome offering approx. 1,841 sf of finished living space, 2 bedrooms, 3 baths and a single garage with inside entry plus driveway parking. Its desirable corner position brings exceptional natural light and a more private outlook, with views toward the ravine and mature greenery across the road. Inside, hardwood flooring and pot lights enhance the bright, polished interior. The spacious living room is framed by large windows, creating an inviting setting for both everyday living and entertaining. The kitchen features rich wood cabinetry, granite counters, tiled backsplash, s/s appliances and generous workspace. One of the highlights is the sun-filled breakfast area, wrapped in large windows with direct access to the backyard, while a separate dining area provides additional space for hosting. The main-floor primary bedroom features hardwood flooring, a W/I closet and ensuite with an oversized glass shower. An additional bath, convenient main-floor laundry with stackable washer/dryer and inside garage access complete the level. The beautifully finished lower level adds substantial living space with an expansive rec room anchored by a gas fireplace, a generous second bedroom and full bath-ideal for overnight guests, extended family or additional everyday living space. Outside, the private backyard is finished with interlock pavers and framed by tall cedars, creating an intimate, low-maintenance setting for dining, entertaining or relaxing, complete with a small garden shed. With golf practically at your doorstep and parks, trails, shopping, dining and everyday amenities close by, this sophisticated home offers the space of a larger residence with the ease of bungalow living in one of Burlington's most established golf-course communities.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$798,400
Land Transfer Taxes$16,435
Legal Fees (Est.)
$
Total cash required for closing$217,535

Total Monthly Obligation

$4,839/mo
Mortgage $4,026
Monthly Loss $3,780
Principal$1,059
Interest$2,966
Property Tax$438
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-11.9%0
5-Year IRR
6.2%15
10-Year IRR
7.7%
Returns Index
8.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$36,132/yr
NOI
$22,760/yr
Net Cash Flow
-$2,129/mo
Cash Margin
-70.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
17.9/ 100

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

Comparables

Properties near 2243 Turnberry Road 51

Time

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